Northcore-Appointments of two directors and grant of incentive units

MONTREAL, QUEBEC–(Marketwired – February 21, 2014) – Northcore Resources Inc. (TSX VENTURE:NCR) announces the immediate nominations of two (2) Directors: Mr. John Florek, M. Sc., P. Geo. and Stephen McGinn, MHRM.

Subject to approval by the TSX-Venture Exchange, Northcore has nominated as new members of the Board of Directors:

Mr. Florek is currently VP Exploration and Director for Entourage Metals. He is a passionate geologist with over 23 years of diverse experience in the mining industry, including exploration and operations. His work has covered a wide range of mineral commodities including gold, base metals, platinum group metals and nickel throughout Canada, the US, Australia, Europe, Central America and South America. Mr. Florek was previously responsible for the management and execution of mineral exploration and development for BHP Minerals, Placer Dome and Barrick. John was part of the team that received the Northwestern Ontario Prospectors Association’s 2008 Developer of the Year award for extending the life of Barrick’s Hemlo mine. Mr. Florek will serve as a Qualified Person pursuant to National Instrument 43-101 on the Corporation’s Board of Directors.

Mr. McGinn is currently the Vice President, Human Resources and Health and Safety for Labrador Iron Mines Holdings Limited, since 2012. He has been a human resource management specialist with over 18 years of experience in human resources, general management and consulting. Prior to joining LIM, Stephen was Vice President, Operations at Kivalliq Transportation Services and held senior positions at Dumas Contracting Ltd. (mining project managers) and Black & McDonald (national electrical and mechanical contractors). Mr. McGinn was also involved as an employee in the late 1990s in the construction and commissioning of the Glimmer Mine in Matheson, ON. Stephen holds an Executive Masters in Human Resource Management (MHRM) from York University, a BA (Law and Sociology) from Laurentian University and a Diploma in Law and Security Management from Cambrian College.

Board of Directors of Northcore Resources Inc. looks forward to benefiting from the varied and well-established credentials of Mr. Florek and Mr. McGinn as mining executives and, in the case of Mr. Florek, as a successful explorer.

Following the nominations of Messrs. Florek and McGinn as directors, Northcore Resources will have five (5) independent directors: Garry Majerle, Chairman, Taylor Sebastian, Michel Lebeuf, John Florek and Stephen McGinn.

PROPOSED RESTRICTED STOCK UNIT GRANTS:

Pursuant to a special resolution submitted by the corporation to be voted on at the annual and special meeting of stockholders to be held on February 25, 2014, Northcore has proposed a special resolution to approve the creation of the restricted stock unit (“RSU”). . and Deferred Stock Unit Incentive (“DSU”) Plans for directors, officers, employees and consultants. Following regulatory approval, Mr. Florek was granted 1 million pre-consolidation RSUs as compensation for joining the Board of Directors. In the proposed resolution, shareholders are asked to vote on the grant of 1 million pre-consolidation RSUs to John Florek, which the Board of Directors voted and accepted.

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