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Natcore Technology closes first tranche of private placement

Rochester, NY — (December 5, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the first tranche of its proposed non-brokered private placement, as announced on December 2, 2016. Gross proceeds of $210,000.00 were raised through the sale of 1,000,000 units at a price of $0.21 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 $0.25 for a period of three years.

Finder’s fees were paid in connection with the initial tranche of $14,700 payable in cash and 70,000 finder’s warrants having the same terms of the warrants issuable in the units.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on April 6, 2017. Proceeds of the placement will be applied to further development of the Company’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 announces private placement

Rochester, NY — (December 2, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) intends to raise $1,050,000 via a non-brokered private placement.

The placement involves the sale of up to 5,000,000 units at a price of $0.21 per unit. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.25 for a period of three years from closing.

Finder’s fees may be payable on all or a portion of the financing. Proceeds of the placement will be applied to 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.

In other news, the company has granted an aggregate of 1,830,000 stock options to directors, officers, employees and consultants at a price of $0.225 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.

Natcore Technology closes final tranche of private placement

Rochester, NY — (November 22, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the second and final tranche of its proposed non-brokered private placement, as announced on November 2, 2016. Gross proceeds of $98,325.00 were raised through the sale of 427,500 units at a price of $0.23 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 $0.30 for a period of three years.

Finder’s fees were paid in connection with the second tranche of $483 payable in cash and 2,100 finder’s warrants having the same terms of the warrants issuable in the units.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on March 23, 2017. Proceeds of the placement will be applied to further development of the company’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 — (November 3, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the first tranche of its proposed non-brokered private placement, as announced on November 2, 2016. Gross proceeds of $230,000.00 were raised through the sale of 1,000,000 units at a price of $0.23 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 $0.30 for a period of three years.

Finders’ fees were paid in connection with the initial tranche of $16,100 payable in cash and 70,000 finders’ warrants having the same terms of the warrants issuable in the units.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on March 3, 2017. Proceeds of the placement will be applied to further development of the Company’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 announces private placement

Rochester, NY — (November 2, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce it intends to raise CDN$460,000 via a non-brokered private placement.

The placement involves the sale of up to two million units at a price of $0.23 per unit. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.30 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 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 to Serve as Technical Advisor For 1,000 MW Solar Facility in Middle East

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

Rochester, NY — (October 25, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has signed a Memorandum of Understanding with a Malta-based developer of international renewable energy projects under which Natcore would serve as the science and technology advisor for a large vertically-integrated project in the Middle East.

The 1,000 MW project would comprise:

  • A solar array consisting of 100 individual solar power plants, each with a capacity of at least 10 MW;
  • A manufacturing facility for the production of photovoltaic modules; and
  • A facility for the manufacturing of solar cells.

DK Ener Group Ltd. (DK), a company organized under the laws of Malta, is retaining Natcore for this project. DK is composed of highly experienced and respected entrepreneurs, managers, professionals and researchers who identify, promote and develop international investment opportunities, with a particular emphasis on renewable energy projects including solar energy projects. The principals of DK have successfully conceived, developed and implemented projects internationally, including the building of turnkey solar farms.

This project arose from Natcore’s “Best of Breed” consulting service through which it provides unbiased business, science and technical advice to potential new solar cell and solar panel manufacturers and to established solar manufacturers wishing to upgrade their facilities.

Natcore will serve as DK’s science and technology advisor on the project. As part of their service, Natcore will recommend a “best of breed” selection of manufacturing equipment and components, and will offer limited exclusivity to incorporate new technology developed by Natcore when such technology becomes commercially available.

“This is the fourth project to come from our Best of Breed program,” says Natcore President and CEO Chuck Provini. “And it’s by far our largest.” The others are in Belize (10 MW), Vietnam (200 MW) and Australia (30 MW).

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 65 patents (31 granted and 34 pending), Natcore is on the leading edge of solar research. www.NatcoreSolar.com.

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Statements herein 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.

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 Partner Denzo Selects Site For 30 MW Solar Farm

Australian Firm and Natcore Technology To Finalize Heads of Agreement

Terrigal, NSW Australia — (October 18, 2016) — Denzo Group Australia has selected a 90 hectare site in the Wide Bay – Burnett Region of Queensland, Australia, as the location for a 30 MW large scale solar farm.

To be developed in partnership with Natcore Technology (TSX-V: NXT; OTCQB: NTCXF), the American solar R&D company, the site would be developed to a “shovel ready” stage with storage of 30% in three 10 MW modules.

In September 2013, Denzo and Natcore signed a Memorandum of Understanding, under which the companies started planning for Natcore Australia. Then in July 2014, they announced plans to form a joint venture that would produce solar cells and solar panels in Australia, with Australia as the headquarters for this activity. Official documentation for the current project will be finalised as a Heads of Agreement within 30 days.

Under terms of the Heads of Agreement, Denzo will coordinate the purchase of the land, all of the required approvals and the designation of the facility to be recognised as a solar power station as well as the connection to an approved substation to export the electricity to the grid.

Natcore is preparing equipment recommendations on a “best of breed” basis, i.e., they are putting forward items that would be selected from manufacturers in Germany, China and elsewhere around the world. Each piece of equipment would be the best in its category according to criteria agreed upon with Denzo (e.g., most efficient, cleanest operating, lowest cost). Natcore has recently entered into similar agreements in Belize and Vietnam.

Jointly Natcore and Denzo will develop a better than usual return on investment scenario over a 30 year tenure. Natcore and Denzo will participate in a portion of the power purchase agreement.

“Queensland is known to be an excellent environment for solar energy,” says Ken Mathews, Managing Director of Denzo. “The Queensland Government has released a plan to have a target of 50% Renewable Energy by 2030, hence the opportunity for high growth.”

“This project will place Natcore at the forefront of the Asia Pacific Area for Renewable Energy,” says Natcore President and CEO Chuck Provini. “Both parties look forward to the signing of the subject Heads of Agreement.”

Queensland is the second-largest and third-most-populous state in the Commonwealth of Australia.  It is situated in the northeast of the country. Wide Bay–Burnett is a region of Queensland, located between 170 and 400 kilometers (105 and 250 miles) north of the state capital, Brisbane.  The area’s population growth has exceeded the state average over the past 20 years, and it is forecast to grow to more than 430,000 by 2031.

About Denzo Group Australia

Denzo was started in Australia in 1965 as a private company with auto service stations and retail tire outlets. In 1982, the company was converted to Denzo Pty Limited, as Trustee for the Mathews No. 1 Family Trust. The company is headquartered in Terrigal, NSW.

Denzo Pty Limited has operated in Australia, Singapore, Thailand, Indonesia, China, South Korea and the United States. The company has been involved in alternative fuels (LNG, solar), import (cars, yachts) and export, manufacturing (gas meters, automotive plastics), and retail sales.

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 65 patents (30 granted and 35 pending), Natcore is on the leading edge of solar research. www.NatcoreSolar.com.

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Statements herein 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.

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 closes private placement

Rochester, NY — (August 18, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed its private placement, as announced on July 27, 2016. Gross proceeds of $400,000 were raised through the sale of 1,000,000 units at a price of $0.40 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 until July 28, 2019. Aggregate finder’s fees of $28,000 were paid in cash and 70,000 warrants, bearing the same terms as the unit warrants, were issued.

The securities issued are subject to a hold period in Canada expiring on November 29, 2016, while the common shares forming part of the units 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. Proceeds of the placement will be applied to further development of the Company’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 Technology Tapped as Project Manager For 200 MW Solar Park in Vietnam

Program is Fruit of Natcore’s “Best of Breed” Program

Rochester, NY — (August 16, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has signed a Memorandum of Understanding with a European developer of international renewable energy projects and a Vietnamese consortium under which the organizations would form a separate company to develop a 200 MW solar energy project in Vietnam.

The projected cost of the project is approximately US$300 million, which includes all the costs of engineering/procurement/construction (EPC), land acquisitions, development fees and other expenses.

The 200MW project would be completed in several phases, the first of which will be about 10 MW. Each phase will be located at a site mutually agreed upon in selected provinces of Vietnam. By completing the project in tranches, the parties will be able to generate revenue before the entire project is completed. The project would include a laboratory facility and, potentially, a solar panel manufacturing facility.

Under the terms of the agreement, Natcore would:

  • Design, develop, implement and bring the solar plants to the turnkey phase;
  • Serve as supplier of the project;
  • Select suppliers, PV plants and engineering, procurement, construction (EPC) company;
  • Serve as project manager.

Natcore will be compensated on a “cost-plus” basis and with licensing fees for its technology as it is provided.

This project arose from a consulting service established by Natcore to provide unbiased business and technical advice to potential new solar cell and solar panel manufacturers and to established solar manufacturers wishing to upgrade their facilities.

As part of their service, Natcore will recommend a “best of breed” selection of manufacturing equipment to its clients, and will offer limited exclusivity to incorporate new technology developed by Natcore into the client facilities when such technology becomes available for commercial production.

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.

This is the second project to be assigned to Natcore as a result of its Best-of-Breed program. On March 22, the company announced that it would oversee development of a 10 MW PV array in Belize.

“Our ‘Best of Breed’ initiative is a direct result of our being approached repeatedly by groups requesting our solar cells for their power projects, even though our technology has not yet reached the market,” says Natcore President and CEO Chuck Provini. “It has taken on a life of its own. So we anticipate that it will continue to grow and fund development of our paradigm-shifting laser-processed solar cell technology.”

“Since we announced the Belize project, we’ve also been approached by companies who want us to use their components, such as solar cells, solar panels, inverters, frames, tracking systems, etc.” added Provini. “We think this Vietnam announcement will generate more calls of that nature. We’ll gladly take those calls, since we promise our clients that we’ll scour the marketplace to find the optimum elements for their solar facilities.”

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 65 patents (30 granted and 35 pending), Natcore is on the leading edge of solar research. www.NatcoreSolar.com

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Statements herein 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.

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 Issues Shares To Consultant

Rochester, NY — July 6, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) — Further to the company’s press release dated June 21, 2016, Natcore Technology confirms that it has issued 400,000 common shares in exchange for legal services rendered. The securities issued are subject to a four-month hold period ending on November 7, 2016. The securities were 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.

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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, or accepts responsibility for, the adequacy or accuracy of this release.