MONTREAL, QUEBEC — (Marketwire) — 03/19/12 — March 19, 2012. Northcore Resources Inc. („Company“) (TSX VENTURE: NCR) announces that it has terminated the option agreement it had granted to Arctic Star Exploration (ADD) pursuant to which it could acquire up to a 50% interest in NCR-s J6L1 Rare Earth Property in Sept-Iles, Quebec. The option was terminated as ADD did not complete all of the necessary work / expenditures required as per the agreement.
Additionally, the Company wishes to announce the resignation of Gordon Henriksen, Director, from its board of directors for personal and health reasons. We would like to wish Mr. Henriksen all the best and would like to thank him for his valuable insight and contribution to the Company.
The board of directors consisting of Jean-Francois Perrault and Michael Neary will continue to oversee the governance of the Company. Discussions with prospective board members have already been initiated.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Contacts: Jean-Francois Perrault President & CEO (514) 576-5837 (514) 904-1788 (FAX) /
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