Westcore Energy Ltd.

March 12, 2008 11:53 ET

Westcore Energy Ltd. Announces Completion of Initial Public Offering and Proposed Private Placement

CALGARY, ALBERTA--(Marketwire - March 12, 2008) -

Initial Public Offering

Westcore Energy Ltd. ("Westcore") is pleased to announce that it has successfully completed its initial public offering through Union Securities Ltd. of 2,500,000 common shares ("Common Shares") at a price of $0.20 per share for aggregate gross proceeds of $500,000. Westcore has received conditional listing approval for its common shares on the TSX Venture Exchange and expects that trading will commence shortly under the symbol "WTR.P".

Westcore is a capital pool company governed by the policies of the TSX Venture Exchange Westcore's principal business is the identification and evaluation of assets and business with a view to completing a Qualifying Transaction.

Private Placement

Westcore announces its intention to offer for sale by way of a non-brokered private placement up to 2,000,000 Common Shares at a price of $0.20 per Common Share for gross proceeds to the Corporation of up to $400,000. It is not anticipated that any finder's fees or commissions will be paid in connection with the private placement. Proceeds of the private placement will be used to indentify and evaluate assets and business for acquisition in order to complete a Qualifying Transaction. The proposed private placement is subject to acceptance by the TSX Venture Exchange.

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

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