www.zinccorpresources.com

‐V: ZN)

(the “Company”) is pleased to announce it has commenced

drilling on its Denton Gold Project, located approximately 45 kilometers southwest of Timmins Ontario. The Company

recently completed an IP survey, where numerous geophysical targets were identified. The property is contiguous with

both Lake Shore Gold and Melkior Resources’ land packages.

The Company also announces it proposes to raise up to $1,000,000 by way of a brokered private placement through the

issuance of up to 6,250,000 units at a price of $0.16 per unit (the "Unit"). Each Unit will consist of one flow through

common share and one

transferable share purchase warrant (the "Warrant"). Each full

Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.21 for a period

of two years from closing the private placement. The private placement and any modifications to it are subject to

compliance with applicable securities laws and to receipt of regulatory approval. The Company may pay finders' fees in

accordance with the policies of the TSX Venture Exchange. A portion of this financing may be non

brokered with third

party investors or brokers.

The proceeds of the private placement will be used for exploration expenditures on the Company’s Ontario and Yukon

properties.

The Company further announces that the private placement announced on October 27, 2010, consisted of both brokered

and non

brokered financing.

M Partners Inc. has been retained as lead agent in connection with the Offering and as financial advisor to explore

strategic alternatives for the Company. M Partners are located in Toronto and Vancouver with over 25 professionals

serving the needs of their institutional and retail clients.

confirmed by drilling and the discovery of new zones each year thereafter. Zinccorp

Resources Inc. has now expanded its exploration ventures into the prolific Timmins / Larder Lake mining camp adding a

gold dimension to its exploration portfolio.

corp.com

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