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Northcore-Nominations of Two Directors and Grant of Incentive Units

MONTREAL, QUEBEC -- (Marketwired) -- 02/21/14 -- 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 its Board of Directors:

Mr. Florek is currently VP Exploration and Director for Entourage Metals. He is an avid geologist with over 23 years diversified experience in the mining industry, including exploration and operations. His work has covered a broad range of mineral commodities, including gold, base metals, platinum group metals, and nickel throughout Canada, USA, 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 2008 Developer of the Year Award, awarded by the Northwestern Ontario Prospectors Association, for extending the life of Barrick's Hemlo Mine. Mr. Florek will act as the Qualified Person under National Instrument 43-101 on the Board of Directors of the Corporation.

Mr. McGinn is currently Vice-President, Human Resources and Health and Safety for Labrador Iron Mines Holdings Limited, since 2012. He has been a Human Resources management specialist with more than 18 years of experience in the field of human resources, general management and consulting. Prior to joining LIM, Stephen was Vice-President, Operations, with Kivalliq Transportation Services and held senior roles with Dumas Contracting Ltd. (Mining project managers), and Black & McDonald (country-wide Electrical and Mechanical contractors). Mr. McGinn was also involved, as an employee during the late 1990s, in the building and start-up of the Glimmer Mine in Matheson, ON. Stephen holds an Executive Master's Degree in Human Resources Management (MHRM) from York University, a BA (Law & Sociology) from Laurentian University and a Law and Security Administration diploma from Cambrian College.

The Board of Directors of Northcore Resources Inc. is looking forward to benefiting from Mr. Florek's and Mr. McGinn's varied and well established credentials as mining executives and in Mr. Florek's case as a successful explorationist.

Following Misters Florek and McGinn's nominations as a Directors Northcore Resources will have five (5) independent Directors: Garry Majerle, Chairman, Taylor Sebastian, Michel Lebeuf, John Florek and Stephen McGinn.

PROPOSED RESTRICTED SHARE UNIT GRANTS:

Under a Special Resolution presented by the Corporation and to be voted on at the Annual and Special Meeting of Shareholders, to be held on February 25, 2014, Northcore has proposed a Special Resolution to approve the creation of Restricted Share Unit ("RSU") and Deferred Share Unit ("DSU") incentive Plans for Directors, Officers, Employees and Consultants. Upon regulatory approval Mr. Florek has been granted 1 million pre-consolidation RSUs as compensation for joining the Board of Directors. In the proposed Resolution, the shareholders are being asked to vote on the granting of 1 million pre-consolidation RSUs to John Florek which grant the Board of Directors has voted on and accepted.

Neither the TSX-Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

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