Zincore Metals Inc.
TSX : ZNC

Zincore Metals Inc.

May 14, 2008 07:30 ET

Zincore Reports Ongoing Positive Drill Results at Yanque

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Zincore Metals Inc. (TSX:ZNC) ("Zincore" or "the Company") has completed additional diamond drilling at the Yanque deposit in southern Peru, part of Zincore's 100%-owned Accha-Yanque zinc oxide project. Eight holes have been completed and assays have been received for three holes that tested for zinc and lead mineralization outside the existing inferred mineral resource areas in the northern portion of the property.

Highlights include:

- 18 metres of 7.8% zinc and 2.1% lead in Hole YA-24, including 10 metres of 12.0% zinc and 2.9% lead

- 14 metres of 3.1% zinc and 0.3% lead in Hole YA-23

Following a 2,500-metre drill program in 2007, drilling at Yanque resumed in April. During 2008, Zincore is completing up to an additional 7,500 metres of exploration drilling at Yanque targeted at expanding the deposit and defining its limits, particularly to the north and south. A number of the recently drilled holes on which assays are pending were drilled to test a zinc soil anomaly approximately one kilometre south of the Yanque deposit.

A mineral resource estimate completed on the Yanque deposit in March 2008 increased contained metal within the inferred mineral resources by 88%, outlining inferred mineral resources totaling 10.3 million tonnes grading 5.3% zinc and 5.3% lead for 1.2 billion pounds of contained zinc and an additional 1.2 billion pounds of contained lead. The deposit is near-surface and amenable to open pit mining.

Zincore's President and CEO Timo Jauristo said: "This drilling extends mineralization to the north and east as hole YA-23 was approximately 300 metres north of the inferred resource outline and hole YA-24 was on the eastern edge of the resource blocks in an area that was thought to be lower grade. We continue to be encouraged by the wide intersections of near-surface mineralization. Yanque and the Accha-Yanque belt are the focus of our 2008 exploration programs as we work to advance our strategy of defining and developing a multi-deposit zinc and lead belt that runs from Accha through to Yanque."



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Intersection
along drill hole
---------------- Drill hole
Hole From To intersection Zinc Lead
No. (metres) (metres) (metres)(1) (%) (%) Comments
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YA-22 no significant results
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YA-23 2.7 16.7 14.0 3.13 0.34
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YA-24 41.8 59.9 17.7 7.75 2.05
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including 49.8 59.5 9.7 11.95 2.86
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(1) True widths not currently known


A Yanque drill hole location map is available on Zincore's website at www.zincoremetals.com.

Qualified Persons

Vernon Arseneau, P.Geo., Vice President, Exploration for Zincore is supervising the exploration program and is the qualified person as defined under National Instrument 43-101 for this news release.

About Zincore

Zincore's strategy is to become a leading, low-cost zinc producer with the immediate objective of advancing its 100% owned Accha-Yanque belt toward a development decision through a disciplined process of exploration, drilling and resource definition, and technical studies. Zincore holds a portfolio of other zinc exploration properties in southern Peru and intends to pursue additional zinc opportunities elsewhere in Latin America.

About the Accha-Yanque Belt

The Accha-Yanque belt consists of 56 concessions over a 30-kilometre distance in southern Peru. At the north end of the belt is the Accha deposit, and at the south end of the belt is the Yanque deposit, which together host inferred mineral resources totaling 2.3 billion pounds of zinc and an additional 1.3 billion pounds of lead. A number of zinc prospects with limited exploration occur along the belt between the Accha and Yanque deposits.

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 10, 2008 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.

Information Concerning Mineral Resource Estimates

This news release uses the term "inferred mineral resources". Zincore advises investors that although this term is required and recognized by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize it. Investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into reserves. In addition, "inferred mineral resources" have a great amount of uncertainty as to their existence and economic feasibility. It cannot be assumed that any part of an inferred mineral resource will be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of pre-feasibility studies.

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