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Northcore Powers United Way Auction Campaign With Partners at General Electric

(December 08, 2011)

TORONTO, ONTARIO -- (Marketwire) -- 12/08/11 -- Northcore Technologies Inc. (TSX:NTI)(OTCBB:NTLNF), a global provider of asset management and social commerce solutions, announced today that it has once again supported the GE Capital Fleet Services United Way Campaign with its technology.

Northcore provided its award winning commerce engine-Asset Seller-to enable GE Capital Fleet Services employees in the United States to bid on nearly 145 items.

Northcore Technologies is an ongoing supporter of the GE Capital Fleet Services United Way Campaign, having provided auction technology and support for several previous events. The money raised by this charity auction will be used by local United Way chapters to support a host of non-profit organizations and services in dozens of communities throughout North America.

"We are happy to have worked with our partners at General Electric in support of the United Way, a cause that the entire team believes in," said Amit Monga, CEO of Northcore Technologies.

Northcore Technologies is a joint venture partner with GE Capital, owning 50 percent of GE Asset Manager LLC, and providing the technology that supports the industry leading equipment portal

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 has earned the trust and loyalty of customers from a wide range of organizations across many different industry sectors.

Northcore owns 50 percent of GE Asset Manager, LLC, a joint business venture with GE and holds a substantial intellectual property portfolio.

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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 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.

Northcore Technologies Inc.
Investor Relations
(416) 640-0400 ext. 273
(416) 640-0412 (FAX)

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