Vancouver, B.C. – Zinccorp Resources Inc. (TSX-V: ZN) (the “Company”) is pleased to announce that it

proposes to raise up to $450,000 by way of a non-brokered private placement through the issuance of up to

3,000,000 units at a price of
.15 per unit (the "Unit"). Each Unit will consist of one non-flow through

common share and one-half of one non-flow through, non-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
.20 for a period of four years from closing the private placement

Proceeds from the private placement will be use to enhance the development of the companies Ontario and

Yukon properties and for general working capital.

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.

The Company zinc/lead/silver 2007 discovery on the Michelle Property, one of its four highly prospective

properties in Yukon, Canada, has been re-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.

Alan Campbell

Phone: (604) 685-2222

Maxwell A. Munday

#206 – 4400 Dominion Street, Burnaby, BC, V5G 4G3 604-430-5624

NEWS RELEASE

February 18, 2011

On February 15, 2011, Mr. Maxwell A. Munday acquired indirect ownership of 200,000 units of

Zinccorp Resources Inc. (the “Issuer”) at a price of
.15 per unit, paid in cash, pursuant to the

terms of a private placement. Each Unit consists of one previously unissued non-flow through

common share, as presently constituted (a “Share”) and one half of one non flow-through share

purchase warrant (a “Warrant”) of the Issuer. Each whole Warrant will entitle the holder, on

exercise, to purchase one additional common share of the Issuer (a “Warrant Share”) for a period

of 3 years from closing at an exercise price of
.20 per Warrant share. The common shares

acquired represent 1.11% of the 17,956,935 post-financing outstanding shares of the Issuer.

As a result of the transaction described above, Mr. Munday now owns a total of 1,450,000

common shares, representing approximately 8.07% of the 17,956,935 post-financing issued and

outstanding shares of the Issuer.

As a result of the transaction described above, Mr. Munday now owns a total of 2,049,998 share

purchase warrants. If all these warrants were exercised, Mr. Munday would own a total of

3,499,998 common shares, representing approximately 17.49% (calculated on a partially diluted

basis) of the 20,006,933 then issued and outstanding common shares of the Issuer.

The securities were acquired for investment purposes. Depending on market and other

conditions, Mr. Munday may from time to time in the future increase or decrease his ownership,

control or direction over the common shares or other securities of the Issuer, through market

transactions, private agreements, treasury issuances, exercise of convertible securities or

otherwise. Mr. Munday is an accredited investor as defined in NI 45-106.

This news release is being issued as required by National Instrument 62-103 – The Early

Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the

filing of the Early Warning Report dated February 18, 2011. The Early Warning Report

respecting this acquisition has been filed on the System for Electronic Document Analysis and

Review (“SEDAR”).

For further information, please contact:

Maxwell A. Munday

#206 – 4400 Dominion St.

Burnaby, BC

V5G 4G3

604-430-5624

“Maxwell A. Munday”

Maxwell A.