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Press release from Marketwire

Northcore Comments on Delisting Review Initiated by the Toronto Stock Exchange

Tuesday, April 09, 2013

Northcore Comments on Delisting Review Initiated by the Toronto Stock Exchange

17:24 EDT Tuesday, April 09, 2013

TORONTO, ONTARIO--(Marketwired - April 9, 2013) - Northcore Technologies Inc. (TSX:NTI)(OTCBB:NTLNF), a global provider of asset management and social commerce solutions, commented on the delisting review initiated by the Toronto Stock Exchange ("TSX").

As of April 4th, 2013, the TSX informed Northcore that it has commenced a remedial review process with respect to continued listing of its securities on the TSX.

It is Northcore's intent to work closely with the TSX throughout the process to ensure that the best interests of the shareholders are respected. Management will continue to focus on business priorities and execution against planned strategic initiatives as the review process continues.

About Northcore Technologies Inc.

Northcore Technologies provides enterprise level software products and services that enable its customers to purchase, manage and dispose of capital equipment. Utilizing award-winning, multi-patented technology, as well as powerful, holistic Social Commerce tools, Northcore's solutions support customers throughout the entire asset lifecycle.

Northcore's portfolio companies include Envision Online Media In. (www.envisiononline.ca), a specialist in the delivery of content management solutions.

Northcore owns 50 percent of GE Asset Manager, LLC, a joint business venture with GE. Northcore also holds a substantial intellectual property portfolio, based on patents issued in the domain of declining price online auctions.

For more information, visit www.northcore.com.

This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the U.S. federal securities laws. These include, among others, statements about expectations of future revenues, cash flows, and cash requirements. Forward-looking statements are subject to risks and uncertainties that may cause Northcore's results to differ materially from expectations. These risks include the Company's ability to raise additional funding, develop its business-to-business sales and operations, develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, on SEDAR (the System for Electronic Document Analysis and Retrieval at www.sedar.com) and the US Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in any jurisdiction.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Northcore Technologies Inc.
Investor Relations
(416) 640-0400 ext. 273
(416) 640-0412 (FAX)
InvestorRelations@northcore.com
www.northcore.com

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