Zincore Signs Bridge Loan Agreement with Hochschild and Directors Elected to Zincore Board

(EMAILWIRE.COM, July 03, 2009 ) VANCOUVER, BRITISH COLUMBIA - Zincore Metals Inc. (TSX:ZNC) ("Zincore" or the "Company") has executed a bridge loan agreement with a wholly owned subsidiary of Hochschild Mining plc ("Hochschild") to provide up to US$1 million in working capital. The loan has a term of one year with principal and accrued interest repayable in cash upon completion of an equity financing. In the event the loan is outstanding at the end of the term, principal and accrued interest is repayable, subject to any required regulatory and shareholder approvals, in common shares based on a 15% 15% discount to market price of common shares at that time. Any outstanding loan balance bears interest at US dollar LIBOR plus 8%. Hochschild owns 48.2% of the outstanding common shares of Zincore.

Proceeds from the loan will be used for general corporate purposes, including community relations activities involving Zincore's exploration properties in Peru, and, upon access being secured, work on the Minasccasa zinc-copper skarn project and identified targets on the Accha-Yanque belt, including the Dolores copper porphyry. In parallel, metallurgical work on the Accha and Yanque deposits continues.

Mr. Jorge Benavides, Interim President and CEO commented, "Our priority is to resume community and exploration activities in Peru and this loan permits the Company to move quickly in that regard. We have a positive outlook on the zinc market and will take steps to position Zincore to capitalize on that view."

About Hochschild

Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L for Reuters / HOC LN for Bloomberg) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild currently operates five underground epithermal vein mines, four located in southern Peru and one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has one early stage development project in Mexico and fifteen long-term prospects throughout Latin America. Hochschild has over forty years experience in the mining of precious metal epithermal vein deposits.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2009) - Zincore Metals Inc. (TSX:ZNC) ("Zincore" or the "Company") is pleased to announce its new board of directors following the Company's Annual General and Special Meeting of Shareholders yesterday. Newly elected to the Board were Jorge Benavides, Daniel Innes, Arnold Klassen and Roman Friedrich.

W. David Black continues as Chairman of the Company and Myron Osatenko was also re-elected. Current directors Henry Giegerich and Rex McLennan did not stand for re-election.

Jorge Benavides, Interim President and CEO stated, "My fellow Board members and I are excited about working with the Zincore team to guide the Company and build on its success. These individuals have significant experience in the mining sector and each brings notable credentials to the Board."

"I would like to thank Rex McLennan and Henry Giegerich for their contribution to Zincore since its inception. Their diligence as directors during this period is acknowledged and appreciated," commented Chairman David Black.

New Board Member Profiles

Jorge Benavides - Mr. Benavides has 30 years experience in the mining industry. He is currently Interim President and CEO of Zincore, as well as an independent consultant and Senior Advisor to the Chairman of Hochschild Mining plc. He was with Hochschild from 2001 through 2008 guiding the Company's exploration programs and was actively involved in acquisition activities. Prior to that, he spent eight years working for Phelps Dodge Mining Company in South America, including as Exploration Manager for the Andean Region. Mr. Benavides holds a M.Sc. in Ore Deposits and Exploration from Stanford University and a B.Sc. in Geological Engineering from the Colorado School of Mines.

Dan Innes - Mr. Innes is past Chair, President and CEO of Lake Shore Gold Corp. and remains a director of Lake Shore and FNX Mining Company Inc. He has over 35 years experience in the mining industry and has been involved in a number of successful junior mining companies. Mr. Innes is also a founding principal, past director and VP Exploration of Southwestern Resources Corp., and a founding principal, past CEO, President and director of Aurora Platinum Corp. He has worked in a variety of metal environments in many parts of the world, mainly Brazil, Peru, Chile, Argentina, Mexico, USA, Canada, China, and Australia.

Roman Friedrich - Mr. Friedrich is the founder of Roman Friedrich & Company ("RFC"). Mr. Friedrich has been an investment banker and, formerly a commercial banker, to the mining and metals industries for over thirty years. Immediately prior to establishing RFC, he was the Managing Director at TD Securities responsible for its global mining M&A business. Early in his career he spent ten years at the Chase Manhattan Bank where among other positions he was Vice President for Latin America, President of Chase Manhattan Canada Limited, and Managing Director responsible for North American investment banking. Later, focusing on the mining industry, he was a partner at Burns Fry, a Managing Director at First Chicago, a partner at Wood Gundy and a partner of Lancaster Financial Corporation. In April 1997 he started Roman Friedrich & Company. Over his career, he has provided advice on acquisitions, mergers and divestitures, debt and equity funding and project finance to numerous companies in the mining and metals industries.

Arnold Klassen - Mr. Klassen is a Chartered Accountant and Certified Public Accountant and has over 30 years of experience in accounting, audit and tax, including 23 years of experience in the mining industry. Mr. Klassen is currently president of a private consulting company, and prior to that was Vice President of Finance for Dynatec Corporation from 1988 to 2007. Dynatec Corporation was a publicly traded TSX listed company from 1997 to 2007. He held a similar position with the Tonto Group of Companies from 1984 to 1988. Mr. Klassen holds a degree in Commerce from the University of British Columbia and spent seven years with KPMG prior to becoming Vice President of Finance with the Tonto Group of Companies.

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 advance its 100%-owned Accha-Yanque belt and other zinc and base metal properties toward development. 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.

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 9, 2009 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Zincore Metals Inc.
Greg Martin
Vice President and CFO
(604) 669-6611
(604) 688-5175 (FAX)
investorrelations@zincoremetals.com
www.zincoremetals.com

Zincore Metals Inc.
Greg Martin
(604) 669-6611
investorrelations@zincoremetals.com