Zincore Metals Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 16, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Zincore Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore" or the "Company") is pleased to announce a brokered private placement of units (the "Units") at a price of US$0.27 for up to gross proceeds of US$1.585 million. Each Unit will be comprised of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at US$0.36 for up to 24 months. GPI Valores SAB of Lima, Peru, will act as the sole agent on this financing. The private placement will be conducted on a best efforts basis and will not be underwritten.

The net proceeds of the offering will be used for general corporate purposes and all securities issued with respect to this offering will be subject to a four month hold period in accordance with applicable Canadian securities laws. The closing of the offering is expected to occur on or about September 27, 2013 and is subject to receipt of all necessary regulatory approvals including that of the Toronto Stock Exchange.

This press release is not an offer of securities for sale in the United States. The securities being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

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 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 22, 2013 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.