Northcore's Not Proceeding With Solomon's Pillars Project

Northcore Resources Inc. (TSX VENTURE:NCR) ("Northcore" or the "Corporation")
wishes to announce that, under the terms of the Agreement, SAGE Gold Inc. has
decided to terminate the Letter of Intent between the Companies regarding the
Option to acquire 80% of the Solomon's Pillars project.


The Corporation and its management are very busy negotiating the signature of
Option agreements on other interesting projects.


FORWARD LOOKING STATEMENTS:

The information set forth in this press release includes certain forward-looking
statements. Such statements are based on assumptions exposed to major risks and
uncertainties. Although Northcore deems the expectations reflected in these
forward- looking statements to be reasonable, the Corporation cannot provide any
guarantee as to the materialization of the expectations reflected in these
forward-looking statements. The Corporation expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, except as required by
applicable law.


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this press release.


We seek safe harbor. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Northcore Resources Inc.
Garry Majerle
Chairman of the Board
519-697-6945