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Zincore Reconnaissance Work Indicates New Targets Increasing Potential of Accha Zinc Oxide District Project

Zincore Reconnaissance Work Indicates New Targets Increasing Potential of Accha 
Zinc Oxide District Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/13/13 -- Zincore
Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore" or the "Company") reports
that results from a recent reconnaissance program indicate five new
primary and seven new secondary zinc-lead targets that may increase
the potential for the Company's Accha Zinc Oxide District ("AZOD")
project in southern Peru.  
Zincore CEO and President Jorge Benavides commented, "These new
zinc-lead targets underscore the unrecognized potential of our AZOD
project, which is the subject of a Pre-Feasibility Study ('PFS') we
are currently preparing and expect to release early in Q2 2013. The
PFS, which builds on the robust economics of a Preliminary Economic
Assessment ('PEA') announced in late 2011, focusses on refining and
improving our expected metallurgical process. We have made excellent
progress in this area, as demonstrated in our recently published
metallurgical test results which indicate we may be able improve on
the results from the PEA by reducing the main process consumable,
coal, and improving process throughput. As important as those
improvements are, exploration results which indicate further
potential to enhance the AZOD project Resources are also important."  
Mr. Benavides further concluded, "We feel confident that there is a
good opportunity to increase the Resources for our AZOD project.
Previous drilling at both the Accha and Yanque deposits, which both
already host NI-43-101 Resources, indicates both deposits are open to
the north and northeast respectively. In addition to the twelve new
targets we are announcing today, we have also already identified nine
other prospective zinc-lead targets. Once the PFS is completed, we
will work to expand the potential of the Resources at the AZOD
project with an eye to increasing the projected mine life and scope
of project."  
To view a map of the Accha Zinc Oxide District project, including the
new zinc-lead targets, please click here.  
To view the Company's Preliminary Economic Assessment announced
October 13, 2011, please click here. For more information on recent
metallurgical test results and previous drill results at Accha and
Yanque, please
 see our news releases dated December 12, 2012,
December 9, 2010 and November 23, July 5, June 21, May 19 and March
23, 2011 respectively.  
The reconnaissance program included the integration of extensive
airborne geophysical surveys, satellite image and structural
interpretations as well as ground geochemical and geological work,
all correlated with database information for the Accha and Yanque
deposits, which already host NI-43-101 Measured, Indicated and
Inferred Resources. Putting together all of the information
highlighted new, zinc-lead targets on the Company's 100%-owned, AZOD
property, located in the mining-prolific Yauri-Andahuaylas district
in southern Peru. This exploration work was carried out as part of a
reconnaissance program that commenced pursuant to a strategic
partnership private placement made into the Company by First Quantum
Minerals ("First Quantum") on May 10, 2012. Zincore and First Quantum
have also formed a joint-venture(i) to explore Zincore's Dolores
copper-molybdenum porphyry which is located in the same area. 
(i) For more information about the May 10, 2012 First Quantum private
placement and Dolores joint-venture details, please see our news
releases dated May 8th, 10th and July 13th 2012. 
The new exploration targets have been subdivided according to their
importance. Five primary targets; Huayta, Hualla, Cali, Urpi and
Osco, exhibit anomalies of zinc and lead in sediments and are hosted
in good geological settings for this type of mineralization. Argillic
and gossan alteration, very similar to the indications for the
Company's Accha and Yanque deposits, has also been observed in ASTER
images. In addition, seven secondary targets which are hosted in good
geological settings for mineralization and exhibiting gossan
alteration as indicated by ASTER image analysis, have also been
identified. Sediment samples have not yet been collected for the
seven secondary targets. 
The geophysical surveys carried out by New Sense Geophysics Ltd.
("NSG"), covered all concessions on Zincore's entire AZOD property
package of more than 50,000 hectares and consisted of aerial
geophysical studies comprising approximately 4,800 line kilometers at
200 metre spacing. In addition the full scope of reconnaissance
activities included an airborne magnetometric and spectrometric
survey of the 60,000 hectares of the AZOD block of claims plus
Dolores area, ASTER multispectral satellite image interpretation, DEM
structural interpretation, district geological reconnaissance,
partial district stream sediment geochemical survey and partial
district soil geochemistry survey. Fathom Geophysics, ("Fathom")
helped analyze and interpret the airborne geophysical and ground
data, as well as the ASTER images and structural model.  
New Sense Geophysics Ltd. provides high quality airborne
magnetic/gradiometer and spectrometer surveys using fixed-wing and
helicopter platforms. The company is owned and operated by W. E. S
(Ted) Urquhart Ph.D. NSG's mission is to provide airborne survey
services utilizing innovative technologies and focusing on collecting
the highest quality airborne geophysical data in the safest possible
manner. NSG operates from two offices. Its Markham, ON, Canada office
manufactures equipment, tests it and dispatches it throughout the
world. The second office is in Santiago, Chile where NSG offers
airborne geophysical services in Spanish to its South American
clients. NSG has performed airborne geophysical surveys in Africa,
North America, Europe, the Middle East and South America and has
flown in excess of 500,000 line kilometres in the last 2 years for
clients such as major companies like: USGS, BHP Billiton, Kennecott,
Teck Cominco, Barrick Gold, Kinross and Gold Fields. 
Fathom Geophysics LLC of Newark, Ohio, analyzes and interprets
geophysical and other data for explorers and miners in the mineral
and energy resources industries. Fathom's main areas of expertise
include enhancement filtering and rapid, objective feature extraction
applied to potential field (gravity and magnetic) data and
topographic data. Fathom has developed their own software which can
be modified readily to extract specific features and for specific
targeting requirements. Fathom's analysis and interpretation of the
Zincore data was conducted by the company's principals Amanda
Buckingham and Daniel Core. Fathom's clients have included First
Quantum Minerals, Auzex Exploration, Talisman Mining, Kiska Metals
and Hochschild Mining. 
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
release. 
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
Company's new and existing projects are subject to vari
ous 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. 
Contacts:
Zincore Metals Inc.
Adam Ho
Manager, Investor Relations
(604) 669-6611 ext. 3
aho@zincoremetals.com
www.zincoremetals.com