SelectCore Provides Update on Annual and Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2012) -

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SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG) announces that Ron Schmeichel has determined not to stand for election as a director of the Company at the Company's annual and special meeting of shareholders being held on November 29, 2012. Accordingly, the board of directors of the Company has determined to withdraw the special resolution fixing the number of directors to be elected at the meeting at six and to withdraw the special resolution empowering the board of directors to determine from time to time the number of directors within the minimum and maximum numbers provided in the articles of the Company. In addition, the board of directors has determined to withdraw the special resolution approving the consolidation of the issued and outstanding common shares of the Company from consideration at the meeting. Accordingly, the matters to be considered at the meeting will be the election of the remaining five directors as set out in the management information circular prepared and mailed in respect of the meeting, the reappointment of auditors and the resolution confirming, approving and ratifying the Company's stock option plan.

About SelectCore

Established in 1999, SelectCore is a leading prepaid financial services provider and transaction processor for under-banked and underserved markets. From prepaid mobile top-up to stored-value cards and remittance solutions, SelectCore services a market of millions of under-banked consumers through its technology platforms and extensive retail distribution network. SelectCore is a publicly traded company listed on the TSX Venture Exchange under the symbol "SCG" (TSX VENTURE:SCG). SelectCore was ranked by Profit100 as one of Canada's fastest-growing companies in 2006, 2007, 2009 and 2010. SelectCore was also ranked one of North America's fastest growing companies on Deloitte's 2011 Technology Fast 500.

Certain information in this news release contains forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond SelectCore's control. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the risks and uncertainties set out in this press release are not exhaustive. Additional information on these and other factors that could affect SelectCore's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and SelectCore does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.