Market Overview

Westcore Announces Completion of Field Data Acquisition on Riverside Lands


SASKATOON, SASKATCHEWAN--(Marketwire - Oct. 31, 2012) -

WESTCORE ENERGY LTD. (TSX VENTURE:WTR) ("Westcore" or the "Company") is pleased to announce that further to its press release dated October 17, 2012 announcing the completion of shooting a 3D seismic program on the Riverside Lands located in South West Saskatchewan, the field data acquisition is now complete.

The Riverside Lands encompass 31,360 acres of multi zone (Basal Manville and Detrital zones) heavy oil play and Viking gas play. A first pass interpretation of the data has identified multiple drill targets. The Company is currently analyzing over 12 potential drill locations to identify zones with the highest porosity potential. The Company plans to initiate a new drill program in cooperation with Allstar Energy Limited at Riverside based on the interpreted data before year end.

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, the use of the net proceeds of the offering. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Westcore Energy Ltd.
Paul Conroy
President and Chief Executive Officer
(306) 649-0600

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