Zincore Metals Inc.

Zincore Metals Inc.

November 16, 2011 18:26 ET

Zincore Announces Completion and Filing of Preliminary Economic Assessment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2011) - Zincore Metals Inc. (TSX:ZNC)(BVLAC:ZNC) ("Zincore" or the "Company") is pleased to announce the completion and filing of a Preliminary Economic Assessment ("PEA") on SEDAR for the Company's Accha Zinc Oxide District project as previously disclosed by news release October 13, 2011. The report entitled, "NI 43-101 Technical Report on a Preliminary Economic Assessment for the AZOD Project, Cusco Region, Peru", was prepared by Qualified Persons from AMEC, Micon International and an internal Qualified Person from Zincore.

Vernon Arseneau, P.Geo., Vice President, Exploration for Zincore has prepared or supervised the preparation of the information contained in this news release and is the Qualified Person as defined under National Instrument 43-101 for this news release.

About the Accha Zinc Oxide District

The Accha Zinc Oxide District project is composed of Zincore's 100%-owned, 50,000 hectare property package in southern Peru, located near Tintaya, Las Bambas, Haquira and Constancia. It has access to excellent infrastructure and currently hosts NI 43-101 compliant Measured, Indicated and Inferred Mineral Resources at its Accha and Yanque deposits. Mineralization has also been identified at other District project targets.

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 both the Toronto and Lima Stock Exchanges under the symbol ZNC. For more information, please see our website at www.zincoremetals.com.

Forward-looking Statements: Statements in this release that are forward-looking, in particular with regards to the potential of the Accha Zinc Oxide District project, 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 18, 2011 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.

The PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.

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