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Press release from Marketwire

Northcore Announces Launch of New Customer Web Platform for International Brotherhood of Electrical Workers Construction Council of Ontario

Tuesday, December 11, 2012

Northcore Announces Launch of New Customer Web Platform for International Brotherhood of Electrical Workers Construction Council of Ontario07:58 EST Tuesday, December 11, 2012TORONTO, ONTARIO--(Marketwire - Dec. 11, 2012) - Northcore Technologies Inc. (TSX:NTI)(OTCBB:NTLNF), a global provider of asset management and social commerce solutions is pleased to announce the launch of a new customer web destination through its portfolio company Envision Online Media Inc. ("Envision"). As previously announced, Northcore has acquired Envision, an Ottawa based software development company. Envision has been one of the most respected boutique solutions providers in the National Capital Area for over a decade and brings a complementary product and skill set to Northcore.The customer, International Brotherhood of Electrical Workers Construction Council of Ontario ("IBEW CCO"), is an agency serving over 14,000 men and women working in various electrical sectors: Industrial, Commercial and Institutional, Maintenance, Residential, Communications, Linework and Renewable Energy/Solar. The IBEW CCO is actively involved in protecting its membership, enforcing health and safety, and securing market share through education and awareness.The new web platform, accessible at www.ibewcco.org, will serve as a 'springboard' for anyone who is interested in becoming an IBEW CCO member, as well as providing existing members with a comprehensive resource of information related to courses, services and industry news."We are pleased to welcome the IBEW CCO to our growing list of client partners," said James Moskos, Interim CEO of Northcore Technologies. "Our team at Envision has quickly become a leader in the delivery of Content Management Solutions to associations and agencies."Further disclosure on Envision's portfolio and capabilities can be found at www.envisiononline.ca.Northcore develops solutions to support the evolving needs of industry and provides comprehensive platforms for the management of capital equipment and the implementation of Social Commerce business models. These products are proven, effective and in use by some of the world's most successful corporations.Companies interested in effective software solutions should contact Northcore at 416-640-0400 or 1-888-287-7467, extension 395 or via email at Sales@northcore.com. 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 Inc.(www.envisiononline.ca), a specialist in the delivery of content management solutions and Kuklamoo (www.kuklamoo.com), a family information web destination and national daily deal site targeting families with kids.Northcore owns 50 percent of GE Asset Manager, LLC, a joint business venture with GE and holds a substantial intellectual property portfolio. 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.comwww.northcore.com