Mr. Jorge Benavides reports

ZINCORE REPORTS LATEST DOLORES PORPHYRY DRILL RESULTS

Zincore Metals Inc. has released assay results from the latest holes drilled at the Dolores copper-molybdenum porphyry project. Dolores is located in the prolific Yauri-Andahuaylas copper district of southern Peru and is being explored under a joint venture with First Quantum Minerals.

Zincore chief executive officer and president, Jorge Benavides, commented: "Dolores continues to be an interesting exploration target. The large area, which has been sparsely drill tested to date, has been shown to contain anomalous to significant grades of copper and molybdenum. This attests to the large metal endowment of the system and further exploration is justified to test for a potential higher-grade economic core to the system."

First Quantum has concluded the second of five earn-in stages for the Dolores joint venture and currently owns 50.1 per cent of the project, with Zincore owning the other 49.9 per cent. The recent drilling program comprised 1,599.8 metres in four diamond drill holes.

                       DOLORES HIGHLIGHT DRILL RESULTS

                             Drill hole                 Copper              
             From       To intersection   Cu     Mo equivalent     Au     Ag
          (metres) (metres)          (1)  (%)    (%)     (%)(i)  (g/t)  (g/t)

DOL-18     342.15   352.15        10.00 0.12  0.003       0.13  0.004  0.227
And        352.15   362.70        10.55 0.01  0.051       0.20  0.003  0.135
DOL-19      70.70   103.50        32.80 0.13  0.006       0.15  0.009  0.646
including   70.70    81.60        10.90 0.21  0.011       0.25  0.012  0.793
And        171.55   185.70        14.15 0.12  0.010       0.15  0.010  0.703
And        215.17   246.85        30.15 0.10  0.003       0.11  0.006  0.458
DOL-20     143.00   161.15        18.15 0.06  0.006       0.08  0.007  0.477
And        215.20   242.30        27.10 0.04  0.014       0.09  0.010  0.510

(1) Core widths                                                             
(i) Copper equivalent total calculated using TD Securities long-term prices 
of $3 (U.S.) per pound copper and $11 (U.S.) per pound molybdenum and do not 
include any potential gold or silver credits. Metallurgical recoveries and 
net smelter returns are assumed to be 100 per cent.

The recent drilling targeted the southeastern flank of the previously drilled porphyry copper-molybdenum system over a north-south distance of approximately 550 metres. DOL-18, the most northerly hole, cut quartzite through its entire length and intersected anomalous copper and molybdenum associated with sulphide veinlets between 342.15 metres and 362.70 metres depth. DOL-19, drilled entirely in diorite at 100 degrees azimuth, was collared at the same location as DOL-02 and DOL-09 from previous drilling campaigns. It intersected intermittent zones of anomalous copper and molybdenum associated with concentrations of sulphide veinlets between 70.70 metres and 246.85 metres depth. DOL-20 and DOL-21 were drilled from the same location at 50 degrees and 110 degrees azimuth, respectively, between DOL-18 and DOL-19. DOL-20 intersected feldspar porphyry, diorite porphyry and breccia in the upper portion of the hole and quartzite with thin andesite units below 203.5 metres. Two intervals of weak copper-molybdenum mineralization were intersected, one in each lithology type. DOL-21 cut feldspar porphyry and intrusive breccia over its entire length and intersected no significant mineralization.

For more information on the Dolores joint-venture and results, please see the company's news releases dated Oct. 29, March 21, Jan. 15 and Jan. 8, 2013, as well as Nov. 23, Sept. 6 and July 13, 2012.

Quality assurance and control

All drill core samples were delivered in sealed security bags to ALS Global in Arequipa. All samples were analyzed by ME-MS61 (48 elements) using four-acid digestion. Copper values were also determined by four-acid digestion at ore grade level and gold was assayed by fire assay and atomic absorption spectroscopy. Industry-standard procedures were followed for the work reported on herein, which included a quality assurance/quality control program. Blank, duplicate and standard samples were inserted into the drill core sample sequence sent to the laboratory for analysis. No significant QA/QC issues during review of the data.

Dr. David Terry, PhD, PGeo, is an independent geologist registered in British Columbia. He has reviewed and approved the technical disclosure contained in this news release and is the qualified person as defined under National Instrument 43-101 for this news release.

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