WTR Westcore Energy Ltd

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

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, the use of the net proceeds of the offering.
Although we believe that the expectations reflected in the forward-looking
information are reasonable, there can be no assurance that such expectations
will prove to be correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in the
forward-looking information. 


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: general economic conditions in Canada, the United States and
globally; industry conditions, governmental regulation, including environmental
regulation; unanticipated operating events or performance; failure to obtain
industry partner and other third party consents and approvals, if and when
required; the availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market volatility;
competition for, among other things, capital, skilled personnel and supplies;
changes in tax laws; and the other risk factors disclosed under our profile on
SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors
should not be construed as exhaustive.  


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


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

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