SCG

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION TO U.S.
NEWS WIRE SERVICES. 


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
SelectCore Ltd.
Investor Relations
(800) 584-8819 ext. 105
investor@selectcore.com
www.selectcore.com

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