Zincore Metals Inc.
TSX : ZNC
BVLAC : ZNC

Zincore Metals Inc.

November 09, 2010 11:02 ET

Zincore Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2010) -

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Zincore Metals Inc. (TSX:ZNC)(BVLAC:ZNC) ("Zincore" or the "Company") is pleased to announce that it has closed a brokered private placement of common shares at a price of $0.45 per common share for gross proceeds of $12,015,000 (the "Offering") TD Securities Inc. acted as the sole agent on this financing.

The common shares issued with respect to this equity offering will be subject to a four month hold period in accordance with applicable Canadian securities laws. The net proceeds of this offering will be used to fund Zincore's mineral properties and for general corporate purposes.

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 regard to the Company's share price and pre-feasibility at the Accha Zinc Oxide District, 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.

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