Zincore Metals Lists on the Lima Stock Exchange
P R E S S R E L E A S E
ZINCORE METALS LISTS ON THE LIMA STOCK EXCHANGE
Vancouver, B.C. May 31, 2010 – Zincore Metals Inc. (ZNC:TSX) (“Zincore” or the “Company”) is pleased to announce that its shares have been approved for trading on the Bolsa de Valores de Lima (“BVL”). Kallpa Securities Sociedad Agente de Bolsa acted as Zincore’s sponsoring broker in securing the necessary approvals to achieve the listing. Zincore shares became available for trading on the Lima Stock Exchange today under the symbol ZNC.
Zincore President and CEO, Jorge Benavides, stated “We are delighted to make our shares available for direct purchase by Peruvian investors, especially given that the majority of our projects are located in Peru. Peru is a world-class mining country with many sophisticated investors who understand the business of mining and the opportunity presented by a project like our Accha Zinc Oxide District near Cuzco. This is underscored by the fact that over 50% of Zincore’s shares are already owned by Peruvian investors. We firmly believe that many more investors in Peru are keen to participate in and benefit from the development of the country’s natural resources.”
Peru is the largest producer of silver in the world and the second and third largest producer of zinc and copper respectively. During the past ten years, approximately 5% of global investment for mining exploration projects has been spent in Peru. Despite a very difficult year for global stock markets in 2009, two of the most representative indices of the Lima Stock Exchange, the Indice Nacional de Capitalizacion (INCA) and the Indice General de la Bolsa de Valores (IGBVL) rose 75% and 101% respectively, in local currency terms. The INCA is currently comprised of about 61% mining-related companies and the IGBVL currently about 51%.
About Zincore
Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in the Americas, namely Peru, Mexico and Canada. 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 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.
For more information please contact:
Zincore Metals Inc.
Adam Ho, Manager, Investor Relations (604) 329-1009 [email protected]
SUITE 1650, 701 WEST GEORGIA STREET, PO BOX 10102, VANCOUVER, BC V7Y 1C6 CANADA T 604.669.6611 F 604.669.6616 E [email protected] W www.zincoremetals.com