Zincore Metals

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2008) - Zincore Metals Inc. (TSX:ZNC) ("Zincore" or "the Company") is advancing early stage projects and securing drill permits to outline the next exploration programs and set priorities for drilling. The Company has now successfully completed its initial drilling program at the Yanque deposit.

President and CEO Timo Jauristo said the Company is conducting low-cost field work in Peru, Chile and Mexico. "We recognize the need to preserve cash so we are using this time to carry out mapping and sampling programs that are low cost. Our objective is to advance our significant portfolio of earlier-stage properties toward a drill-ready stage, including securing access and permits, so that once market conditions improve we will be in a position to initiate drill programs."

Mr. Jauristo added, "We are committed to preserving the assets in the Company through this credit crisis and collapse in valuations so our shareholders can benefit when the market turns. A strength of Zincore's lies in the fact that we own 100% of our properties and thus are not subject to minimum spending or option payments to maintain our assets. We will reduce expenditures as required and with over $2.2 million in cash at the end of August we are well positioned to withstand the market uncertainty."

The initial wide-spaced drill program at Yanque has been completed with a total of 45 holes drilled. The results for the final eight holes are presented in the table below and highlighted by hole YA-38, which intersected 25 metres of mineralization, including seven metres of 5.79% combined zinc and lead. The results of the drilling are being incorporated into the geological model to define the next stage of drilling which will test gaps within the deposit area, infill high-grade zones and continue to test extensions to the deposit.

A revised Yanque drill permit is also being prepared that would extend the drilling area to cover the near-deposit targets including the Yanque East and Dollores areas.

Near the Accha deposit, Zincore has continued to define the near deposit targets of Titiminas West and Coralles. A soil and chip sampling program in the Titiminas West area was recently completed and results are pending. The Company has submitted an application for the extension of the Accha drill permit which would enable testing of these two areas. Additional mapping and sampling is being completed east and north of the Accha deposit in areas with oxidized outcrop where community access has recently been granted.

Along the west side of the Accha-Yanque belt, regional prospecting has generally being completed with areas of interest being prioritized for further work. Negotiations are on-going with the local communities and initial discussions have been positive. Zincore's prospecting team will be shifting its focus to the east side of the belt in the next month.

At Minasccasa, further meetings with community leaders have been held with encouraging progress. Work on reaching an agreement over the property will continue during the coming month.

In Chile, field work on the gold target announced last month continued and in Mexico, where Zincore recently staked over 38,000 hectares, field work is expected to begin in October.

Vernon Arseneau, VP Exploration, commented, "We have defined substantial resources at Accha and Yanque which anchor the Accha-Yanque zinc and lead belt. With this base, our exploration activities will advance our earlier stage properties so we can continue to build on this success and diversify the portfolio as drilling capital becomes available."

---------------------------------------------------------------------------
              Intersection    
            ---------------   Drill hole 
Hole          from       to intersection   Zinc   Lead
number     (metres) (metres)  (metres)(1)    (%)    (%) Comments
---------------------------------------------------------------------------
YA-38        138.9    163.6         24.7   2.46   1.25  Includes 3.3 metres
                                                        of lost core which
                                                        have been assigned
                                                        zero assay values
---------------------------------------------------------------------------
 including   140.9    147.9          7.0   3.27   2.52
---------------------------------------------------------------------------
 including   152.4    157.2          4.8   3.19   0.72
---------------------------------------------------------------------------
 including   160.4    163.6          3.2   4.21   1.53
---------------------------------------------------------------------------
YA-40         71.5     74.5          3.0   5.23   2.21
---------------------------------------------------------------------------
             124.0    128.0          4.0   5.79   1.12
---------------------------------------------------------------------------
YA-41        116.3    119.3          3.0   4.28   0.93
---------------------------------------------------------------------------
             137.3    149.6         12.3   3.64   0.54
---------------------------------------------------------------------------
YA-42        122.0    128.0          6.0   0.34   4.72
---------------------------------------------------------------------------
             150.0    154.3          4.3   1.13   6.30
---------------------------------------------------------------------------
YA-44        158.1    174.1         16.0   0.59   2.63
---------------------------------------------------------------------------
YA-45        136.6    158.2         21.6   1.13   2.96
---------------------------------------------------------------------------
 including   144.2    151.2          7.0   0.29   3.69
---------------------------------------------------------------------------
             177.8    184.8          7.0   0.08   3.16
---------------------------------------------------------------------------
(1) True widths not currently known 

Holes YA-39 and YA-43 did not return significant values. A Yanque deposit map showing locations of these drill holes is available at www.zincoremetals.com.

Quality Control

Zincore has implemented a quality control program to ensure best practice in litho geochemical sampling and analysis of rock chips, trench, tunnel and drill core samples.

All drill core samples (approximately one metre, half-core composites) are shipped in security sealed bags via a private trucking company directly to the ALS Peru Laboratories facility in Lima. All samples for the resource drill program are digested using a three acid digestion and analyzed by two packages. Zinc and lead are determined by Atomic Absorption and if the results exceed 30% they are re-assayed by volumetric methods. All samples are also assayed by ICP for 25 elements (also using the three acid digestion for complete dissolution).

The Company submits its own standards and blanks as a measure of the accuracy of the analysis. All pulps and coarse rejects are being recovered and stored. Prior to a new resource calculation, 10% of all samples used in the resource calculation will be re-assayed at a second laboratory using the same analytical techniques described above. Both a re-assay of the pulp and of a new pulp prepared from the coarse reject will be used.

Qualified Persons

Vernon Arseneau, P.Geo., Vice President, Exploration for Zincore is supervising the exploration program and is the qualified person as defined under National Instrument 43-101 for this news release.

About the Accha-Yanque Belt

The Accha-Yanque belt consists of 56 concessions over a 30-kilometre distance in southern Peru. At the north end of the belt is the Accha deposit, and at the south end of the belt is the Yanque deposit, which together host inferred mineral resources totaling 2.3 billion pounds of zinc and an additional 1.3 billion pounds of lead. A number of zinc prospects with limited exploration occur along the belt between the Accha and Yanque deposits.

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 become a leading, low-cost zinc producer by rapidly advancing its 100%-owned Accha-Yanque belt toward a development decision. Zincore holds 62,000 hectares of concessions in southern Peru and intends to pursue additional zinc opportunities elsewhere in Latin America. 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 10, 2008 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.
Meghan Brown
Manager Investor Relations
(604) 685-4644
Email: mbrown@zincoremetals.com

or

Zincore Metals Inc.
Greg Martin
Vice President and CFO
(604) 669-6611
(604) 669-6616 (FAX)
Email: investorrelations@zincoremetals.com
Website: www.zincoremetals.com