SOURCE: MineCore International, Inc.

March 14, 2008 09:00 ET

MINECORE Unwinds Sale of 50% Interest in La Fortuna Gold Prospect to San Remo Resources Ltd.

FORT LAUDERDALE, FL--(Marketwire - March 14, 2008) - MineCore International, Inc. ("MineCore") (PINKSHEETS: MCIO) announced today the unwinding of the sale of 50% of its interest in the La Fortuna gold prospect in Venezuela to San Remo Resources Ltd. ("San Remo"), an Alberta Canada Corporation. The sale, as reported on 04/07/2005, was valued at CDN$2,000,000.

The sale to San Remo was subject to San Remo acquiring a listing on the TSX-V exchange and San Remo using reasonable commercial efforts to raise CDN$1,000,000 in equity financing, with a minimum of CDN$780,000 from a public offering, said proceeds to be used for the purpose of testing and reserve development on the La Fortuna Gold Prospect per the terms and conditions of the Joint Venture Operating Agreement. Subsequent to the closing, San Remo was not able to attain the required listing and raise the required funding for testing and reserve development. As a result, MineCore and San Remo have mutually agreed to unwind the sale.

The La Fortuna property is a single 520-hectare Exploitation Concession under contract with the C.V.G. (Government of Venezuela) based north of Las Cristinas at Km 88, in the state of Bolivar, Venezuela. The deposits are alluvial and in saprolite veins to depth in fresh rock with broad zones of potassic alteration with gold mineralization. The La Fortuna property is adjacent to the El Foco property owned by Zaruma Resources Inc. which announced on February 24, 2005 that they reported a 75% increase in the estimated saprolite gold resource at Alcaravan, to close to 100,000 ounces (source: Canada NewsWire via COMTEX).

MineCore started work on the property in 1995 and has continued to explore ever since. Work completed to date consists of soil sampling, trenching, auguring and diamond drilling. Soil sampling revealed several areas of good gold anomalies, with values up to 3.64 grams per tonne in the soils. Trenching has revealed four broad zones of pervasive alteration and gold mineralization with ore grade sections up to 3.88 grams per tonne over widths of 9.0 meters running through them. Diamond drilling has confirmed the mineralization indicated in the trenches. The best result in the drilling is 4.71 grams per tonne over 9.0 meters in the Central Zone and 9.09 grams per tonne over 4.0 meters in the Fortuna Zone. Tests to date, on a partial sampling of the property, have indicated resources of 61,882 oz AU from 3,291,570 tonnes of ore in trenched areas.

In July 2005, as a condition of the Purchase Agreement between MineCore and San Remo, MineCore completed a report that complies with National Instrument 43101 to ensure that the La Fortuna Gold Prospect meets the Canadian securities regulatory authorities and TSX requirements. The report was completed by Peter Drobeck, Registered Professional Geologist.

"We are disappointed that San Remo was unable to complete its listing on the TSX-V," stated MineCore's Chief Operating Officer, Jerry G. Mikolajczyk. "However, the sale was based on 2005 gold prices which ranged in the US$450 to US$550 per ounce and with gold soaring to a record high of US$1,001.50 an ounce on the New York Mercantile Exchange for April delivery yesterday, we feel that MineCore shareholders have gained asset value as a result of the increase of gold prices and the unwind of the sale to San Remo."

"This is the first time in history that gold surpassed US$1,000 an ounce!!!" exclaimed Mr. Mikolajczyk. "We are pleased that we have gold bearing properties in our exploration portfolio and believe that Venezuela may be a viable gold producing nation with minimal political risk someday."

Later in the trading session, the gold contracts gave up some of its gains and ended up US$13.30 at US$993.80 an ounce. (Source: MarketWatch)

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 services 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.

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