VANCOUVER, BC / ACCESSWIRE / July 3, 2020 / Zincore Metals Inc. (NEX:ZNC.H) ("Zincore" or the "Company") reports that it has amended its business combination agreement with Mines & Metals Trading (Peru) PLC ("MMTP") to further extend the deadline for completion of the reverse takeover of Zincore by MMTP (the "Transaction") to September 1, 2020. The Company had previously announced on April 21, 2020 that the two parties were extending the agreement to June 1, 2020.

MMTP President and CEO, José María García commented, "Although we are working as quickly as possible to close this transaction, the COVID-19 global pandemic is obviously making this process difficult and causing delays in our expected timelines. However, we remain committed to achieving a public listing through Zincore in order to better unlock the value of our producing Recuperada asset".

Upon completion of the Transaction, it is anticipated that the Company (the "Resulting Issuer") will be listed as a Tier 2 issuer on the TSX Venture Exchange ("TSX-V") and will continue the exploration and development of MMTP's Recuperada zinc-lead-silver project in Huancavelica, Peru, and the reactivation of Zincore's Accha Zinc Oxide District ("AZOD") Project.

Zincore intends for trading in the Company's shares to remain halted until completion of the Transaction. Further details of the Transaction and any related aspects will be made available in subsequent press releases and in the disclosure documents (which will include business and financial information in respect of MMTP) to be filed by Zincore in connection with the Transaction. For further details on the Transaction, please see the Company's news releases dated January 21st, August 14th and December 24th of 2019 and March 12th and April 21, 2020.

About MMTP
MMTP, a company incorporated under the Companies Act (2006) (Isle of Man), is a young and dynamic mining company with a vision to extract full value from undervalued projects across Latin America. MMTP's primary asset is the Recuperada silver-lead-zinc property, located in Huancavelica, Peru, which consists of 178 concessions covering a total of 11,261.32 hectares hosting a network of mineral-bearing veins, advanced infrastructure from historical underground mining operations, and an ore processing plant with processing capacity of 600 tonnes of ore per day and 210,000 tonnes of ore per year. For more information on MMTP, please visit http://latitudebasemetals.com/

About Zincore
Zincore is a Vancouver-based mineral exploration company focused on zinc and related base metal opportunities in Peru. The Company's common shares trade on the NEX Board of the TSX-V under the symbol ZNC.H.