Zincore Metals Inc.

Published : April 15th, 2008

Commences Drill Testing at Cerro Condorini and Restarts Drilling at Yanque

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Zincore Metals Inc.
TSX:ZNC
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April 15, 2008
Zincore Commences Drill Testing at Cerro Condorini and Restarts Drilling at Yanque
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2008) - Zincore Metals Inc. (TSX:ZNC) ("Zincore" or "the Company") has resumed its drill program at the Yanque deposit and is mobilizing a drilling crew to the Cerro Condorini property.

Drilling on the Yanque deposit within the Accha-Yanque zinc belt has resumed. Twenty-one Diamond drill holes were drilled at Yanque in late 2007 when the program was halted pending approval of an expanded drill permit and the conclusion of the rainy season in southern Peru. The 2007 drill campaign totaled 2,500 metres and resulted in an 88% increase in contained metal within the inferred mineral resources that now total 10.3 million tonnes at 5.3% zinc and 5.3% lead (A technical report supporting the updated Yanque mineral resource estimate will be filed today on SEDAR and available for download at www.sedar.com).

An additional 7,500 metres of drilling is planned at Yanque over the next three months with a step-out program focusing on expanding the deposit and defining its limits, particularly to the north and south.

A 600- to 1,000-metre Diamond drill program is designed to test one of four areas of interest on the Cerro Condorini property. Channel sampling and mapping in 2007 identified high-grade zinc-lead-silver mineralization over generally narrow surface outcrops at the Manto, Leonor, Buenavista,and Tacora areas. Mineralization on the Cerro Condorini property consists of superficially oxidized polymetallic sulphides. The mineralized zones are hosted by yellow altered limestone that is common at a district scale suggesting large-scale hydrothermal activity. The drilling is aimed at testing the size potential of mineralization in the Manto zone. The program is expected to be completed by the end of April.

Timo Jauristo, President and CEO, commented, "With drilling restarting at Yanque, I look forward to building on our success in 2007 with further substantial resource increases in 2008. In addition to ongoing surface work at Yanque, we used the last few months to advance our exploration along the belt and expect to be drill testing certain belt prospects later this year as well."

Timo added, "Our work at Cerro Condorini has defined some interesting zones of base and precious metal mineralization and this initial program will start to characterize their potential."

Qualified Person

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. The Yanque inferred mineral resource estimate was prepared by Pincock, Allen & Holt (PAH) under the direction of Mr. Aaron McMahon, Geologist of PAH, a professional geologist and an independent qualified person as defined by NI 43-101.

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 property 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 Cerro Condorini Property

The Condorini property comprises 3,600 hectares located 10 kilometres from the town of Nunoa in southern Peru. Zincore can earn a 60% in interest in the Condorini property from Brett Resources Inc. ("Brett"), by spending US$1.5 million on exploration and making payment totaling US$75,000 over three years. Upon earnings its 60% interest, the Company can earn an additional 10% interest by contributing US$2.5 million toward further exploration over two years and a subsequent 10% interest (80% total) by contributing US$4.0 million over the following four years.

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, where indicated mineral resources total 5.1 million tonnes grading 8.15% zinc and 0.9% lead for 911 million pounds of contained zinc and 97 million pounds of contained lead. In addition, inferred mineral resources total 1.4 million tonnes grading 5.9% zinc and 0.7% lead for 186 million pounds of contained zinc and 21 million pounds of contained lead. At the south end of the belt is the Yanque deposit, which hosts inferred mineral resources of 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. A number of zinc prospects with limited prior exploration occur between the Accha and Yanque deposits.

Cautionary Note Regarding Mineral Resource Estimates

This news release uses the term "inferred 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 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 feasibility or pre-feasibility studies, or economic studies except for preliminary assessments as defined under NI 43-101.

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.

CONTACT INFORMATION:

Zincore Metals Inc.
Meghan Brown
Manager Investor Relations
(604) 685-4644
Email: investorrelations@zincoremetals.com
Website: www.zincoremetals.com

or

Renmark Financial Communications Inc.
Barbara Komorowski
(514) 939-3989
Email: bkomorowski@renmarkfinancial.com

or

Renmark Financial Communications Inc.
Christopher Wells
(514) 939-3989
Email: cwells@renmarkfinancial.com
Website: www.renmarkfinancial.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Zincore Metals Inc.

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Zincore Metals is a zinc producing company based in Canada.

Zincore Metals develops zinc and lead in Peru, and holds various exploration projects in Peru.

Its main asset in development is ACCHA YANQUE in Peru and its main exploration properties are YANQUE EAST, CORRALES, DOLORES PROJECT, MINASCCASA, ACCHA and YANQUE in Peru.

Zincore Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.0 millions as of today (US$ 818 037, € 756 112).

Its stock quote reached its lowest recent point on December 05, 2008 at CA$ 0.01, and its highest recent level on March 11, 2011 at CA$ 5.40.

Zincore Metals has 41 530 000 shares outstanding.

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