SCG

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION TO U.S.
NEWS WIRE SERVICES.


The Board of Directors of SelectCore Ltd. ("SelectCore Payments" or the
"Company") (TSX VENTURE:SCG) is pleased to announce a new strategic course aimed
at strengthening the Company's balance sheet. One component of this course may
be the Company seeking to complete a non-brokered private offering (the
"Offering") of Series A Preferred Shares at a price and quantity to be
determined. While the Company has initiated discussions with various parties, no
terms have been finalized and the offering would be subject to TSX Venture
Exchange approval. Management believes that the current share price does not
reflect the true value of the Company and as such an equity financing of common
shares would be far too dilutive to existing shareholders and new long term debt
would not be in the best interests of the Company. 


Another component of the strategy may be the Company seeking to divest its
non-core, legacy telecom assets (the "Divesture"). While the Company has
initiated discussions with interested parties, no terms have been finalized.


There are no guarantees the Company will be successful in completing the
Offering or the Divesture. In any event, the Company intends to use the proceeds
to improve its working capital position and support its financial services
business.


About SelectCore Payments 

SelectCore Payments (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.


Certain information in this news release contains forward-looking statements.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond SelectCore's control including,
without limitation, the impact of general economic conditions, industry
conditions, fluctuation of exchange rates, industry competition, availability of
qualified personnel and management, stock market volatility and timely and cost
effective access to sufficient capital from internal and external sources. As a
consequence, actual results may differ materially from those anticipated in the
forward-looking statements. Readers are cautioned that the forgoing list of
factors is not exhaustive. Additional information on these and other factors
that could affect SelectCore's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and SelectCore does not undertake any obligation to
update publicly or to revise any of the forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be required
by applicable securities laws. 


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

SelectCore Ltd. (TSXV:SCG)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

SelectCore Ltd. (TSXV:SCG)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024