Zincore Metals Inc.
TSX : ZNC

Zincore Metals Inc.

March 31, 2010 15:01 ET

Zincore Closes Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2010) -

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

Zincore Metals Inc. (TSX:ZNC) ("Zincore" or the "Company") has completed the non-brokered private placement offering of flow through common shares, announced in Zincore's news release dated 17 March 2010. The financing consisted of 2,000,000 common shares at $0.30 per share, for total proceeds of $600,000.

Proceeds from the Offering, which is subject to the approval of the Toronto Stock Exchange (the "TSX"), will be used by Zincore for ongoing exploration and development programs in Canada, subject to flow through funding expenditure requirements. All flow-through expenditures related to this placement will be incurred by Zincore at its Cariboo zinc property near Quesnel, B.C.

A cash commission totaling 6% of gross proceeds from the sale of all flow through shares has been paid to Haywood Securities Inc.

About Zincore
Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in the Americas, namely Peru, Mexico and Canada. The Company's common shares trade on the TSX under the symbol ZNC.

Forward-looking Statements Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Annual Information Form of Zincore dated March 12, 2010 which is filed with Canadian securities regulatory authorities and available on SEDAR (www.sedar.com). Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Zincore does not assume the obligation to update any forward-looking statements.

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