Zincore Metals Inc. reported that First Quantum Minerals ('First Quantum') has selected three Copper Target Areas within Zincore's Accha Zinc Oxide District ('AZOD') for further exploration. The two companies will now execute separate framework agreements for each Target Area to further explore and, if warranted, develop the Targets as joint ventures. These framework agreements will be negotiated according to the terms of the Memorandum of Understanding announced on July 23rd.

Zincore's AZOD property package is located in the prolific Yauri-Andahuaylas copper belt, near GlencoreXtsrata's Las Bambas and First Quantum's Haquira projects. The Three New Copper Target Areas: As previously outlined in Zincore's news release of November 27(th), the two companies have been conducting a regional copper exploration program on Zincore's AZOD properties with the goal of delineating Copper Target Areas. As the result of this work, First Quantum has determined that three AZOD locations; Larisa, Gema and Alcatraz (formerly referred to as Laca-Laca), have sound potential to be further explored for potentially developing as copper projects.

Next steps for these Targets will include infill soil-sampling programs and detailed mapping at a scale of 1:2,000 over all geochemical anomalies to identify and prioritize initial drill targets. For further details about regional copper exploration program, including details about the 2012 airborne geophysical survey. Larisa: The Larisa Copper Target Area is located approximately 5.5 kilometres west of the Accha zinc deposit in the north part of the AZOD.

258 soil samples have been taken on a regular grid of north-south orientation, with a spacing of 400 meters. In anomalous areas, additional samples were subsequently taken every 200 meters. In addition, 54 rock samples were gathered and the area was mapped at a scale of 1/10,000.