Natcore Technology Announces $2.5 Million Non-Brokered Private Placement

Red Bank, NJ  – (July 3, 2012) – Natcore Technology Inc. (TSX-V:  NXT: NTCXF.PK) wishes to correct its release announced earlier today concerning its proposed non-brokered private placement.  Natcore has arranged a C$2.5 million private placement in order to complete optimization of the company’s promising black silicon technology (the “Offering”).

The Offering will result in the sale of up to 4,166,667 units at a price of C$0.60 per unit for aggregate gross proceeds of C$2,500,000.

As previously announced, each unit comprises one common share and one warrant, with each full warrant enabling purchase of a further common share at C$0.90 for a period of two years from closing.  In the event that Natcore shares close at over C$1.20 for 20 consecutive trading days, the warrants will be subject to accelerated conversion with 30 days’ notice of the company providing notice of same to the holders either in writing or by way of press release.

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 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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Statements in the press release other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s furture plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statement.  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 the term is defined in the policies of the TSX Venture Exchange) accepts responsiblity for the accuracy of this release.