For Immediate Release: December 07, 2011

TORONTO, ON: SelectCore Ltd. (“SelectCore”) (TSX-V: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and under-banked consumer market announces that it has retained a Financial Advisor to act as an exclusive agent in connection with new potential merger / acquisition targets that have been presented to the Company.

Keith McKenzie, CEO of SelectCore commented "We are pleased to be working with an advisor to assist the Company in identifying value and synergies."

Due to the size, sensitivity and confidentiality of ongoing discussions, the Company is not at liberty to disclose the parties at this time.

This engagement is not related to the Company's proposed acquisition of a Canadian payment processor as previously announced on October 31, 2011 and November 21, 2011.

Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-lookingterminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks related to market and financing conditions as well as risks associated with the prepaid telecom and prepaidfinancial industries, changes in project parameters as plans continue to berefined as well as those risk factors discussed in the Company’s management's discussion and analysis for the period ended December 31, 2010, available on www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance thatsuch information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.