SelectCore Appoints Fareed Sheik as CFO

SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG), Canada's
Leading Payments Organization, announces that it has appointed Fareed Sheik as
its acting Chief Financial Officer. The appointment is subject to regulatory
approval. 


Mr. Fareed Sheik is a Chartered Accountant from the Canadian Institute of
Chartered Accountants, a CPA from the US and also from the Indian Institute of
Chartered Accountants and a certified fraud examiner. He has over 12 years of
experience in Audit, Tax and Consulting engagements across different industries.
He is currently the Managing Partner of Fareed Sheik Professional Corporation, a
full service accounting, assurance, tax and business consulting company. 


Mr. Sheik has worked for Ernst & Young in India and Deloitte in Canada exposing
himself to various compliance and accounting issues faced by Fortune 500
Companies. He has also served in the industry for a short time as group internal
auditor for a leading service company. His areas of specialization include IFRS
readiness, Canadian GAAP and US GAAP reporting, SOX and Bill 198 compliance
audits, internal control documentation and testing.


Mr. Sheik replaces Alan Doody, who resigned as Senior Controller and Interim
Chief Financial Officer to pursue other business opportunities. The Board of
Directors would like to thank Mr. Doody for his contributions to SelectCore wish
him well in his future endevours.


About SelectCore 

SelectCore Ltd. (TSX VENTURE:SCG) is a pioneer and leader in prepaid payment
solutions for underserved markets. Founded in 1999, the Company offers a range
of prepaid products and services from stored-value cards to mobile top-up that
provide financial empowerment to a market of millions of under-banked consumers.
SelectCore has been recognized as one of Canada's Fastest-Growing Companies by
Profit100, North America's Fastest-Growing Technology companies by Deloitte
Fast500, Canada's Top Tech companies by Branham300 and Canada's Leading Payments
Organization by Payments Exchange.


Neither TSX Venture Exchange nor its Regulation Services Provider (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-looking terminology 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 the regulatory approval process, market and financing conditions as
well as risks associated with the prepaid telecom and prepaid financial
industries, changes in project parameters as plans continue to be refined as
well as those risk factors discussed in the Company's management's discussion
and analysis for most recent financial reporting period, 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 that such
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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
SelectCore Investor Relations
(800) 584-8819 ext. 105
investor@selectcore.com
www.selectcore.com
SelectCore Ltd. (TSXV:SCG)
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