Zincore Continues to Intersect Copper Mineralization at

Zincore Continues to Intersect Copper Mineralization at Dolores in
First Drill Hole of Joint Venture With First Quantum 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/23/12 -- Zincore
Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore" or the "Company") is
pleased to report assay results from DOL-11, the first hole drilled
under a joint-venture with First Quantum Minerals formed to explore
the Company's 100%-owned Dolores copper-molybdenum porphyry property
located in the prolific Yauri-Andahuaylas copper district in southern
Peru. Two additional holes, DOL-12 and DOL-13, have also been
completed and the Company expects to have those assay results in the
coming weeks. 
Zincore President and CEO, Jorge Benavides, commented, "We continue
to hit interesting copper and molybdenum mineralization at Dolores as
we search for what we believe is the high grade centre of a very
large copper-molybdenum system located within a prolific mining area.
We are encouraged by the results from DOL-11 as the amount of
stockwork veining, and strong alteration associated with
mineralization is what one wants to see when seeking to define a
large copper porphyry system." 
Hole DOL-11 intersected favorable values of copper and molybdenum
cutting porphyry diorite with moderate silicification and some zones
of hydrothermal breccias. 
Mr. Benavides added, "It is important to remember that we are in the
very early stages at Dolores. We expect to learn much more about this
system in the coming weeks when we receive the assay results for
Holes DOL-12, located at the southern extent of drilling to date, and
DOL-13, located at the northern extent. Both are long holes, and as
determined by a visual inspection of drill core, have intersected
mineralization. In particular, it appears DOL-12 has intercepted
mineralization to a depth of at least 650 metres. Given that holes
DOL-12 and DOL-13 are located 2.5 kilometres apart and mineralization
is known to occur over parts of this area for 1.5 kilometres in an
east and west direction, we are dealing with a very large area and
have much work to do. With this in mind, we are looking forward to
receiving in the coming weeks reports on our recently completed
geophysical and geochemistry work. By combining all of this
information we believe we will be able
 to hone our next drill targets
as we search for the higher grade areas of Dolores."  
To view a map of exploration activity at Dolores, please click here. 

Dolores Drill Results - Hole DOL-11                                         
                               Drill Hole                 Copper            
               From       To Intersection   Cu        Equivalent    Au    Ag
           (metres) (metres)          (1)  (%) Mo (%)     (%)(2) (g/t) (g/t)
               12.0    273.3        261.3 0.14  0.006       0.17  0.01   1.0
Including      12.0     88.0         76.0 0.20  0.006       0.23  0.01   0.8
and            12.0    137.6        125.6 0.16  0.005       0.19  0.01   1.5
and          176.80    186.1          9.3 0.18  0.006       0.21  0.01   0.3
and           199.3    235.0         35.7 0.20  0.012       0.27  0.02   0.8
and           256.6    273.3         16.7 0.11  0.018       0.21  0.01   1.0
(1) Core widths                                                            
(2) Copper Equivalent Total calculated using TD Newcrest long term prices  
    of US$2.75/lb. copper and US$15.00/lb. molybdenum and do not include   
    any potential gold or silver credits. Metallurgical recoveries and net 
    smelter returns are assumed to be 100%.                                

The Dolores Copper Porphyry Project  
Zincore's 100%-owned Dolores Project is located on the Company's
Accha Zinc Oxide District in the Yauri-Andahuaylas Copper belt in
southern Peru. It is near significant copper mines and developments
such as Xstrata's Las Bambas and Tintaya, HudBay's Constancia and
First Quantum's Haquira. To date, Zincore has published results from
11 drill holes, two trenches and a number of surface samples at
Dolores and is awaiting the assay results from two more drill holes.
The Company also expects to receive results in the coming weeks from
a ground magnetic and induced polarization survey of the Dolores area
as well as the regional aeromagnetic and radiometric study which have
just been completed. It is expected that this new data will
contribute to a better understanding of the deposit and help focus
future exploration work. 
To view the Dolores joint-venture details, please click here. 
Vernon Arseneau, P.Geo., is an independent geologist registered in
Quebec, Canada. He 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
Quality Control  
Zincore has implemented a quality control program to ensure best
practice in lithogeochemical sampling and analysis of rock chips,
trench, tunnel and drill core samples. All channel samples were
delivered in sealed security bags to ACME Labs Laboratory in Lima.
All samples were analyzed by ICP (34 elements) using aqua regia
digestion. Copper values were also determined by aqua regia digestion
at ore grade level and gold was assayed by fire assay. 
About Zincore  
Zincore is a Vancouver-based mineral exploration company focused
mainly on zinc and related base metal opportunities in Peru. 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
Dolores 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 19, 2012 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 Metals Inc.
Adam Ho
Manager, Investor Relations
(604) 669-6611 ext. 3
(604) 669-6616 (FAX)
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