VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 17, 2013) - Zincore Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore", or the "Company") reports that it has received the US$2,000,000 loan proceeds from First Quantum Minerals and has closed the loan transaction originally announced on March 22, 2013. For full details of the loan agreement please refer to the Company's press release dated March 22, 2013. The Company and First Quantum have agreed to amend the minimum conversion price of the loan from C$0.08 to US$0.08.

Currently, First Quantum, through its subsidiary, FQM (Peru) Ltd., holds 49,888,245 Zincore common shares representing approximately 23.71% of Zincore's issued and outstanding common shares.

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

Contact Information:

Zincore Metals Inc.
Adam Ho
Manager, Investor Relations
(604) 669-6611 ext. 3
(604) 669-6616 (FAX)