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Natcore Technology grants options

Rochester, NY — (December 30, 2016) — Natcore Technology Inc. (TSX-V: NXT; NTCXF: OTCQB) has, in conjunction with its annual employee reviews, granted an aggregate of 645,000 stock options to an officer and employees at a price of C$0.175 per share for a period of five years. The grant is subject to the approval of regulatory authorities, including the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Using New Laser-Based Technique, Natcore Achieves 19.4% Efficiency With Innovative Solar Cell Structure

“Technology gains will be even more imperative under a Trump administration”: Provini

Rochester, NY — (November 15, 2016) — By reducing resistance from laser-formed contacts, Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has achieved an efficiency of 19.4% in its latest demonstration solar cell.

The laser-formed base contact is critical in the Natcore Foil Cell™, which is an all-back-contact cell.  Higher resistance at this contact, as well as damage from the laser process, has been limiting the performance of the company’s demonstration cells.  As a result, improving this contact has been a main focus of their research program. Natcore scientists have just discovered a new laser-based contacting process that overcomes these issues.

Despite only a few runs with this new structure, the device efficiency has already increased by nearly two absolute percent since June, when the company announced an efficiency of 17.5%. Last year, early proof-of-concept cells were delivering 4% efficiencies. At 17.5%, Natcore’s cells were roughly equivalent to typical commercial cells being sold today.

Additionally, cells from the new approach have an open-circuit voltage (Voc) of nearly 0.7V, pointing to the potential of significantly higher efficiencies. “Considering the rapid achievement of these good results, prior even to serious optimization of this new approach, we expect to announce devices soon with efficiencies considerably over 20%,” says Dr. David Levy, Natcore’s Director of Research and Technology. The work was accomplished in Natcore’s R&D Center in Rochester, NY.

“This breakthrough comes at a perfect time,” says Chuck Provini, Natcore’s president and CEO. “Solar stocks are tumbling following Donald Trump’s election because of the perception that government support of the industry through subsidies and tax credits might be rolled back or eliminated. But while this perception may be negative for the solar manufacturing industry as a whole, it’s actually a very positive development for a solar R&D company like Natcore. Technology will be the key driver in the years ahead.

“With subsidies in place, solar manufacturers were under relatively little pressure to innovate, because the subsidies helped keep solar costs at a parity with energy from more traditional energy sources. But Natcore’s focus has always been to provide generational improvements in solar cell performance – significant increases in efficiencies and significant reduction in production costs.

“Our position, if these incentives were to disappear, could not be more advantageous, since cell manufacturers will be forced to consider our technology and to adopt it once available.”

About Natcore Technology

Natcore Technology is focused on using its proprietary nanotechnology discoveries to enable a variety of compelling applications in the solar industry. Specifically, the company is advancing applications in laser processing, black silicon and quantum-dot solar cells to significantly lower the costs and improve the power output of solar cells. With 62 patents (26 granted and 36 pending), Natcore is on the leading edge of solar research. www.NatcoreSolar.com.

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Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release. 

Natcore Technology announces private placement

Rochester, NY —(July 27, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce it intends to raise up to CDN$400,000 via a non-brokered private placement.

The placement involves the sale of up to 1,000,000 units at a price of $0.40 per Unit for aggregate gross proceeds of $400,000. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.55 for a period of three years from closing. The common shares have been registered in the United States pursuant to a Registration Statement on Form F-1 filed with the U.S. Securities and Exchange Commission and granted effective on June 22, 2016.

Finder’s fees may be payable on all or portion of the financing. Proceeds of the placement will be applied further development of the Company’s technologies and general working capital. The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology Issues Shares To Consultant

Rochester, NY — (June 21, 2016) — In order to preserve cash on hand, Natcore Technology has entered into a consulting arrangement with a third party services provider which provides that Natcore will issue 400,000 common shares in exchange for legal services rendered. The consulting arrangement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release. 

Natcore Technology Engaged To Develop 10 MW Solar Facility

Project Originates From Natcore’s “Best of Breed” Program

Rochester, NY — (March 22, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has been engaged to oversee development of a 10 MW photovoltaic solar array in Belize.

Natcore will oversee development of the project in conjunction with Catalyst565, Inc., a globally oriented and regionally diversified energy development company headquartered in New York City.

The 90-acre solar power installation will be located in Placencia, a small town and a significant tourism destination located in Belize. Catalyst565 will capitalize pre-development expenses and will bring together the key partners needed for this project, with Natcore serving as the technology partner and advisor.

The project came to Natcore via its “Best of Breed” program, through which the company functions as a consultant on the design and construction of solar cell/solar panel fabrication facilities and solar farms. Natcore will be compensated on a “cost-plus” basis and will have unencumbered equity in the project.

While this solar power project will provide important commercial revenue to Natcore, it will not distract from the company’s primary mission of bringing paradigm-shifting solar technology to the industry. Natcore’s R&D program continues to advance, and the latest results will be reported soon.

For the Belize power plant, Natcore will guide Catalyst565 in procuring components of the highest quality at the best prices available, taking advantage of Natcore’s preferential status in the solar industry. Natcore will also select and oversee the EPC (engineering, procurement and construction) firm for the project.

Since Natcore is not itself a manufacturer, it is able to buy components or employ vendors without bias. Thus, Natcore will have the freedom to provide optimum products with appropriate warranties and efficiencies.

“We developed ‘Best of Breed’ in response to requests from entities that wanted access to our advances in solar technology,” says Chuck Provini, Natcore president and CEO. “The Belize project has some site-specific requirements that will enable us to flex our muscles.” For example, in 2001 Hurricane Iris hit the region with 145 mph winds, causing major damage to most buildings in Placencia. Because of that history, Natcore is planning a hurricane-proof array for this installation.

Catalyst565 is centered on developing renewable energy by converting municipal waste, plastics and used tires into fuel oil and diesel fuel and directly into electricity. Catalyst565 currently is developing projects in the US Virgin Islands, Canada, Germany and the Netherlands.

“We’re always looking for new energy technologies, but we’ve found it best to be a technology-agnostic company,” says Brent Borland, Managing Director of Catalyst565. “That is, we have a non-committal attitude toward a given technology until we’ve given it a thorough vetting. Natcore was selected because of the acknowledged expertise of its solar scientists and engineers.”

About Natcore Technology

Natcore Technology is focused on using its proprietary nanotechnology discoveries to enable a variety of compelling applications in the solar industry. Specifically, the company is advancing applications in laser processing, black silicon and quantum-dot solar cells to significantly lower the costs and improve the power output of solar cells. With 63 patents (27 granted and 36 pending) Natcore is on the leading edge of solar research. www.NatcoreSolar.com

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Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release. 

Natcore Technology closes final tranche of private placement

Rochester, NY — (February 6, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the third and final tranche of its proposed non-brokered private placement, as announced on November 26, 2015. Gross proceeds of $98,300.88 were raised through the sale of 273,058 units at a price of $0.36 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.55 for a period of three years.

The securities issued in the final tranche are subject to a hold period in Canada expiring on June 6, 2016. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology closes first tranche of private placement

Rochester, NY — (December 1, 2015) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the first tranche of its proposed non-brokered private placement, as announced on November 26, 2015. Gross proceeds of $610,000.00 were raised through the sale of 1,694,444 units at a price of $0.36 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.55 for a period of three years.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on March 31, 2016. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  The Company has not authorized nor consented to third party publication of the information contained in the press release. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release. 

Natcore Appoints Interim Chief Financial Officer

Rochester, NY — (November 27, 2015) —The Board of Directors of Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has accepted the resignation of John Meekison as Chief Financial Officer. Mr. Meekison has resigned due to other commitments.

The Board has appointed Richard Childs, CPA, CFE to be interim CFO.

Mr. Childs has a forensic accounting practice that serves more than 100 lawyers across the United States. He is a member of the American Institute of Certified Public Accountants and the Society of Certified Fraud Examiners, as well as a member of the New Jersey State Society of CPAs. In the private sector, he served for six years as Vice President, Director of Finance and Internal Security for Deak-Perera, the foreign exchange, Swiss banking and precious metals company. In the government sector, he has served as a fraud investigator for the Office of the (NJ) Attorney General; the Supervising Accountant for the Essex County (NJ) Division of Accounts and Control; and, most recently, as the Chief of the Union County (NJ) Sheriff’s Department Economic Crime/Inspection Bureau. Mr. Childs holds a Bachelor of Science degree in accounting from Rutgers University.

Mr. Meekison will retain his position on the Natcore Board of Directors.

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Neither 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.

Natcore Technology announces private placement.

Rochester, NY — (November 26, 2015) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce it intends to raise up to CND$3,000,000 via a non-brokered private placement.

The non-brokered private placement involves the sale of up to 8,333,333 units at a price of CND$0.36 per Unit for aggregate gross proceeds of CND$3,000,000. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase of a further common share at CND$0.55 for a period of three years from closing.

Finder’s fees may be payable on all or portion of the financing. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital. The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  The Company has not authorized nor consented to third party publication of the information contained in the press release. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology Develops Solar Cell That Eliminates Use of Silver

Most Substantial Improvements In 60 Years Continue Drive to Lower Cost of Solar Energy

Rochester, NY — (August 18, 2015) — When Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) announced the development of a breakthrough solar cell structure on July 9, they indicated that the new low-cost configuration might allow for the elimination of silver from mass-produced solar cells.

In the intervening weeks, that long-time goal of solar scientists has been achieved.

Working in their Rochester R&D Center, Natcore scientists have built an all-back-contact silicon heterojunction cell structure in which silver has been completely eliminated. It has been replaced by aluminum.

This substitution has been accomplished with no loss of performance.

When sunlight hits a silicon cell, it generates electrons. Ever since practical solar cells have been made – about 60 years ago – silver has been used as a conductor to collect these electrons in order to form a useful electric current. Silver was originally chosen for this role because it is a high-conductivity metal. The average solar panel uses about one-half of an ounce of silver.

Silver represents >48% of the metallization cost of a solar cell, or about 11% of the total raw material cost of a solar module.

The cost saving realized by switching from silver to aluminum are important. That’s because silver, while highly conductive, is also high-cost. At today’s prices, silver costs about $15.28 per troy ounce. The same quantity of aluminum costs $0.05, about 0.3% of the cost of silver.

Even considering that it would be necessary to use twice as much aluminum as silver in order to have an equal amount of conductivity from cell to cell, the raw material cost of aluminum would still be just 0.6% of the direct material cost of using silver in the cell.

Natcore’s novel design allows for aluminum to be easily substituted for silver. Natcore scientists used their proprietary laser technology to apply contacts to the rear of the cell as well as for other critical aspects of the process.

“Within the past month, our scientists have wrought historic changes in the architecture and the economics of the solar cell,” says Chuck Provini, Natcore president and CEO. “Solar cell manufacturers will no longer be subject to the vagaries of the silver market. We are now able to produce solar cells at a substantial cost savings thanks to improvements achievable by our proprietary laser technology. We expect to file a provisional patent application within the next two weeks.”

Roughly 1.5 million ounces of silver are currently required to generate 1 GW of solar power. That demand translated into roughly 60 million ounces of silver in 2014, or about 6% of the total demand for the metal. Before Natcore’s achievement, that demand was projected to rise to 15% of the total market in 2018.

About Natcore Technology

Natcore Technology is focused on using its proprietary nanotechnology discoveries to enable a variety of compelling applications in the solar industry. Specifically, the company is advancing applications in laser processing, black silicon and quantum-dot solar cells to significantly lower the costs and improve the power output of solar cells. With 59 patents (24 granted and 35 pending) Natcore is on the leading edge of solar research. www.NatcoreSolar.com

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Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.