Investment of Geologic Resource Partners LLC in Zincore Metals Inc.

    TORONTO, Aug. 14 /CNW/ - Geologic Resource Partners LLC ("Geologic")
announced today that in connection with purchases made through the facilities
of the Toronto Stock Exchange it has acquired an aggregate 1,510,300 common
shares of Zincore Metals Inc. ("Zincore"), for its own account and on behalf
of client accounts over which it has discretionary trading authority. Prior to
these purchases, Geologic held 7,000,000 common shares of Zincore. Geologic's
total holdings in Zincore as of July 31, 2008 were 8,510,300 common shares
representing approximately 10.76% of the issued and outstanding shares of
    Geologic has exclusive control over all of the securities but does not
have ownership.
    Geologic has purchased these securities for investment purposes, and may
increase or decrease its investment in the securities of Zincore depending
upon future market conditions.
    Geologic is an investment advisory firm specializing in precious metals,
industrial metals, and energy minerals equities

For further information:

For further information: or to obtain a copy of the report contact:
George Ireland, Chief Investment Officer, at (617) 424-9900

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