SOURCE: MineCore International, Inc.

April 30, 2008 09:00 ET

MineCore Plans to Supply Surplus Sapphires to the Semiconductor and Solar Cell Industries

SAN JOSE, CA--(Marketwire - April 30, 2008) - MineCore International, Inc. ("MineCore") (PINKSHEETS: MCIO) presented at the EQUITIES Magazine Third Annual Mining and Resource Conference on April 24th, 2008 held at the Princeton Club of New York, NY. The presentation received overwhelming interest from the institutional-based audience, with over 290 attendees, as the company introduced its compelling strategy of utilizing 'waste and surplus' sapphires to address the needs of the semiconductor and solar power industries once it places its sapphire bearing properties into production in Madagascar.

Chief Operating Officer Jerry G. Mikolajczyk presented an overview of MineCore's operations, growth strategy and goals. Each division is embedded into the vertically integrated model to enhance cost savings, efficiency and scalability to "keep all profits in house."

Mr. Mikolajczyk unveiled details of MineCore's additional strategy on commercial applications of sapphires (aluminum oxide) in the semiconductor and solar cell industries.

He pointed out that the semiconductor industry will be reaching the limits of Moore's Law in 12 to 18 months. The industry is searching for better materials to replace silicon as an insulator. Sapphires are resistant to radioactivity and possess a higher melting point of 2040 Celsius versus silicon at 1414 Celsius making it a superior replacement for silicon as an insulator for semiconductors. High costs and limited supply have prevented the wider scale use of sapphires in the past.

"We think sapphires could be the solution to the energy problems right now," stated Mr. Mikolajczyk. Which he further elaborated, "Current solar cells being manufactured are averaging 15% efficiency from only picking up the red light spectrum. By adding indium gallium nitrate to a sapphire wafer produces a surface that captures the additional blue and the white light spectrum (in addition to the red) resulting in efficiencies between 50-70% range."

MineCore's strategy is to melt the surplus lower grade, smaller sized rough sapphires, particles and waste into wafer molds to supply the semi conductor and solar cell industries.

Converting the waste (80% of a sapphire is 'waste' in the cutting process), particles and the surplus lower grade rough sapphires into useable semiconductor and solar cell materials dramatically impact the bottom line.

Some highlights of the presentation:

--  The Company is focusing on completing fiscal audits up through the
    fiscal years ended March 31, 2008 by September/October with the goal of
    getting re-listed back on the bulletin board as a fully reporting issuer.
    
--  Seeking to complete $50 million in financing in 2008 to put the North
    Fork 14 sapphire bearing property in Madagascar into full production in
    2009.
    
--  Company will continue to galvanize the leadership with new additions
    to its board of directors and strive to deliver transparency to the
    shareholders while maximizing value.
    

Outlook for sapphires:

--  Solar cell technology and solar cell panels -- multi billion market
    
--  Semi-conductors -- multi billion market
    
--  Fine jewelry -- multi billion market
    

The full audio presentation with accompanying slides can be accessed at: http://www.minecore.com/investorrelations.html

About MineCore

MineCore is an exploration company, as defined under SEC Industry Guide 7. The Company's mission is to successfully identify, acquire and develop mineral properties with a program to commence mining operations and develop solid growth with profitable operations. MineCore's current business plan includes bringing its sapphire operations in Madagascar into production through a strip mining operation in 2009 assuming successful completion of financing to sustain operations and administration costs.

MineCore's assets include 15,000 square hectares of sapphire bearing property in Madagascar, 1,000 hectares of ammolite bearing property in Canada and 520 hectares of gold bearing property in Venezuela. MineCore also has revenue-producing subsidiaries in the construction and professional service sectors.

MineCore is deemed to be a reporting Issuer and will be filing an 8K with the U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) regarding this press release as part of their regulatory reporting requirements. The 8K filing may be viewed through any EDGAR reporting agency. MineCore is currently preparing and completing its financial statements to bring its SEC filings current.

This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the mining and manufacturing operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.

For further information on this news release or on the Company, please visit website at http://www.minecore.com/

Contact Information

  • Contact:

    Bill Schaeffer
    Investor Relations
    Telephone: 1-954-604-0913
    Fax: 1-954-656-1128
    Email Contact