SelectCore Ltd.

SelectCore Ltd.

October 11, 2007 16:37 ET

SelectCore Announces Pricing of Private Placement

WINDSOR, ONTARIO--(Marketwire - Oct. 11, 2007) - Further to its press release dated September 6, 2007 in which SelectCore Ltd. (the "Company")(TSX VENTURE:SCG) announced a private placement of units (the "Offering") led by Research Capital Corporation ("Research") on a best efforts basis, the units (the "Units") will be priced at $0.20 per Unit for gross proceeds of up to $6 million. Each Unit is comprised of one (1) common share and one half (1/2) common share purchase warrant (the "Warrant"). Each whole Warrant entitles the holder thereof to purchase one (1) common share for a period of twenty four (24) months from the date of issuance at a price of $0.24.

In connection with the Offering, the Company will pay Research a cash commission of 8% of the gross proceeds of the Offering. In addition, the Company will issue broker warrants ("Broker Warrants) to Research equal to 8% of the number of Units issued. Each Broker Warrant will entitle Research to acquire one Unit at an exercise price of $0.20 for a period of twenty four (24) months from the date of issuance. The Offering is subject to regulatory approval.

"This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available."

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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