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Zincore Metals Inc.
TSX:	ZNC

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January 15, 2009
Zincore Expands Chilean Gold Targets
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2009) - Zincore Metals Inc. (TSX:ZNC) ("Zincore" or "the Company") announces that additional early stage work in Chile on the Company's Piren property has identified a second zone of gold mineralization. On August 20, 2008, Zincore announced results from work on a 2.4 kilometer gold shear zone that had been identified on the property. Subsequent work has outlined a separate broad five square kilometer area of anomalous gold and arsenic in stream sediments. Greater than 25 ppb gold in BLEG(1) and anomalous arsenic were reported in 80 stream samples collected in the area. Exposed outcrop in the area is limited, but rock chip samples returned up to 5.9 grams per tonne gold and a number of artisanal alluvial gold workings occur in the area. Zincore has also strengthened its liquidity position through the recovery of approximately $250,000 of value added taxes that had previously been paid in Peru. The Company expects to receive a further $130,000 in value added tax rebates from the Peruvian tax authorities during 2009. President and CEO, Timo Jauristo, commented, "With market conditions remaining uncertain, we continue to limit our spending. We are in the favorable position of owning 100% of all our properties and, therefore, are not subject to any earn-in property payments or required work commitments. Government payments on our key property concessions through 2009 total approximately $120,000." "Zincore has advanced and built a solid portfolio of assets with both defined reserves and resources and excellent exploration potential. We will continue to take the steps to preserve and increase the value embedded in our assets," added Mr. Jauristo. 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. About Zincore Zincore is a Vancouver-based mineral exploration and development company focused on zinc and base metal opportunities in Latin America. The Company's strategy is to become a leading, low-cost zinc producer by rapidly advancing its 100%-owned Accha-Yanque belt toward a development decision. Zincore holds 62,000 hectares of concessions in southern Peru and additional properties in Chile and Mexico. The Company's shares trade on the Toronto Stock Exchange under the symbol ZNC. (1) Bulk Leach Extractable Gold, more commonly shortened to BLEG is a geochemical sampling/analysis tool used during exploration for gold. A large quantity of sample (between 2 and 5 kg) is digested or leached with cold sodium cyanide (NaCN) solution (generally 0.1% NaCN). The gold is dissolved through its formation of a cyanide complex, which is concentrated through the solvent exchange process into an organic solvent and subsequently analyzed. 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.
Greg Martin
Vice President and CFO
(604) 669-6611
Fax: (604) 669-6616
Email: investorrelations@zincoremetals.com
Website: www.zincoremetals.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Zincore Metals Inc.

	EN DÉVELOPPEMENT
	CODE : ZNC.TO

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Zincore Metals est une société de production minière de zinc basée au Canada.

Zincore Metals est en développement de projets de zinc et de plomb au Perou, et détient divers projets d'exploration au Perou.

Son principal projet en développement est ACCHA YANQUE au Perou et ses principaux projets en exploration sont YANQUE EAST, CORRALES, DOLORES PROJECT, MINASCCASA, ACCHA et YANQUE au Perou.

Zincore Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,0 millions CA$ (818 037 US$, 756 112 €).

La valeur de son action a atteint son plus bas niveau récent le 05 décembre 2008 à 0,01 CA$, et son plus haut niveau récent le 11 mars 2011 à 5,40 CA$.

Zincore Metals possède 41 530 000 actions en circulation.

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Zincore Metals Inc.

Expands Chilean Gold Targets

Zincore Metals Inc.