Westcore Energy Ltd.

TSX VENTURE : WTR


Westcore Energy Ltd.

October 10, 2012 13:16 ET

Westcore Increases Interest in Panther Coal Property

SASKATOON, SASKATCHEWAN--(Marketwire - Oct. 10, 2012) - WESTCORE ENERGY LTD. - (TSX VENTURE:WTR) ("Westcore" or the "Company") is pleased to announce that it has increased its interest in the Panther Coal Property (formerly the "FNR JV Property") from fifty percent (50%) to sixty percent (60%) as per the terms of the letter agreement between Westcore and 49 North Resources Inc. (FNR: TSX.V). Details of the letter agreement were announced by Westcore on October 19, 2010.

To date, Westcore has completed a total of 2,566 metres of drilling in 23 wells on the Panther Coal Property (Figure 1) located in western Manitoba. This drilling successfully delineated the Quasar deposit and identified a new deposit in 2012 ("Vesta"). The Company is in the process of having these results reviewed and incorporated into an NI 43-101 report, which will be filed promptly following completion.

Reader Advisory

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To view Figure 1: Panther Coal Property, please visit the following link: http://media3.marketwire.com/docs/1010wtr1.pdf.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Westcore Energy Ltd.
    Paul Conroy
    President and Chief Executive Officer
    (306) 649-0600
    www.westcoreenergy.ca