SelectCore Named Canada's Leading Payments Organization

TORONTO, ONTARIO--(Marketwired - June 18, 2013) - SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG) a leader in prepaid payments solutions, is pleased to announce that it was recognized as Canada's Leading Payments Organization at the 2013 Prepaid & Payments Awards of the Payments eXchange.

Through the introduction and launch of groundbreaking programs and instant issue EMV card solutions, SelectCore continues to forge new ground in the prepaid industry by delivering tangible benefits for all stakeholders including our corporate clients, government agencies, financial institutions, merchants and cardholders alike. Our products and services level the playing field and ensure that all consumers - regardless of their financial situation - have fast, flexible, reliable and safe access to the funds they need, when they need them. Our collective programs validate our place as Canda's Leading Payments Organization, and we look forward to continued evolution and innovation while playing a key role in shifting the traditional payments space paradigms.

"We are honored to have have been recognized as Canada's Leading Payments Organization," said Keith McKenzie, President of SelectCore. "This prestigious award is a reflection of the drive and commitment by the entire SelectCore team. By focusing on delivering innovative solutions and superior service, SelectCore is achieving new heights every day."

SelectCore was also the 2013 Prepaid & Payments Awards winner for Best Corporate or Government Funded Prepaid Program for the City of Toronto City Services Benefits Card Program.

About SelectCore

SelectCore Ltd. (TSX VENTURE:SCG) is a pioneer and leader in prepaid payment solutions for underserved markets. Founded in 1999, the Company offers a range of prepaid products and services from stored-value cards to mobile top-up that provide financial empowerment to a market of millions of under-banked consumers. SelectCore has been recognized as one of Canada's Fastest-Growing Companies by Profit100, North America's Fastest-Growing Technogy companies by Deloite Fast500, Canada's Top Tech companies by Branham300 and Canada's Leading Payments Orginazation by Payments Exchange.

About the PX Prepaid & Payments Awards Canada

The Payments eXchange Prepaid & Payments Awards (Canada) is an annual black tie gala held in Toronto, Ontario, Canada. Each year, following the PX Retreat, the PX Community comes together to celebrate innovation, best practice and achievement in all aspects of the gift, prepaid and payments industry.

About Payments eXchange

Incubated in 2008, originally as an annual conference, in Toronto, Prepaid Exchange Canada was born in March 2011, as the Domestic (Local) Exchange for Global Prepaid Exchange (now GX) of the UK. Effectively, we are the feet on the ground to bring our industry together with greater regularity, precise focus on the Canadian landscape and to drive adoption of our respective prepaid and payments related products and services.

Our responsibility is to engage and grow our Community, where we have a respected platform to stimulate and educate consumers, regulators and stakeholders on best practices, trends, challenges and opportunities. To promote excellent relations and build superior relationships, domestically and globally. To expand our stakeholder service capabilities, functionality and engagement through technology, innovation, security and interoperability, so that we may ultimately increase the adoption of our products and services by citizens, organizations and governments. Our well established dynamic and influential Community of thought-leaders, industry and product shapers are comprised of companies doing business here and others who intend to do business here, in Canada.

Further Information on Payments eXchange:

Dave Hunt, Chairman, Payments eXchange Direct: 905 602-0478 x227; Mobile: 416 722-6789 Awards@PaymentseXchange.ca Awards Information: PaymentseXchange.ca/Awards

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks related to the regulatory approval process, market and financing conditions as well as risks associated with the prepaid telecom and prepaid financial industries, changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company's management's discussion and analysis for most recent financial reporting period, available on www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.