SOURCE: MineCore International, Inc

December 08, 2008 09:00 ET

MineCore Can Expect 21% to 24% CAGR for Non-Gemstone Sapphire Over the Next Five Years

SAN JOSE, CA--(Marketwire - December 8, 2008) - MineCore International, Inc. ("MineCore") (PINKSHEETS: MCIO) presented the key findings from its white paper research report on sapphire in the non-gemstone market at the Equities Magazine's "Equities Magazine Discovery Day XVI Conference" on December 5th, 2008 at the Princeton Club in New York City.

MineCore collaborated with industry experts to develop a detailed white paper researching the industrial applications of sapphire in semiconductor, solar cell, LED and other applicable high technology markets. The white paper was prepared by Hammond Group/New Tech Research, a consortium of renowned engineers and researchers with backgrounds from various technology pioneers such as Intel and IBM.

MineCore's Chairman and Chief Operating Officer, Jerry G. Mikolajczyk, discussed the phenomenal results of the white paper findings and fielded questions from the audience of portfolio managers and institutional investors. Highlights of the white paper research:

Primary Applications:

1. Solar Cells -- Highly efficient and radiation hardened, deployed in space but moving terrestrial due to efficiencies.

2. Sapphire Substrate (SOS -- Silicon on Sapphire) -- GaN-based LED including Blue-Ray DVD, RF switch devices (amplifiers) for mobile phones, military, and other high speed circuits.

3. Nitride LED -- Automotive lighting, LED displays, and general lighting replacement not including new PC form factors driving demand.

Market Summary:

1. The overall market for non-gemstone sapphire continues to grow at a phenomenal rate as multiple high volume applications continue to emerge even as historic usage models undergo price pressure. It is reminiscent of the early silicon market development that transformed Silicon Valley into what it is today.

2. The report estimates a $500M non-gemstone market by 2012 and $1B by 2017. Conservative estimates show an overall compounded annual growth rate (CAGR) in the 21-24% range, but still undervalue the recent PV solar cell advances and continued growth in LED automotive, commercial, and residential lighting.

3. Solar PV applications will exhibit even stronger growth in the 5% to 10% year range as efficiency demands for terrestrial use grow significantly fueled by both ongoing energy concerns and recent scientific advances.

The white paper research report quantifies the growth and market for non-gemstone sapphire market. MineCore will evaluate the report over the upcoming months. Priority is to complete the financing to bring the first sapphire mine into production and to complete its audits to bring MineCore back onto the OTC:BB.

MineCore's sapphire bearing properties uniquely position it to maximize on the hi-tech market's demand for clean energy applications in solar cells, LED's, semi conductors and high speed signaling once production commences. Sapphire's resistance to radiation, chemical stability, physical hardness, higher melting point and lower leakage than silicon make it a superior high end material for technology applications.

"We are very pleased with the results of the white paper report," stated Jerry G. Mikolajczyk, MineCore's COO. "The robust non-gemstone sapphire market shall allow us to realize profits from waste sapphire that is not factored into our business models. Silicon Valley is poised for change! So, what semiconductor technology of the last forty years is the most famous of all for having been the Next Big Thing -- then fell out of favor, seemingly forever? Silicon-on-sapphire, of course! Now it is coming back big time!"

The presentation slides presented by Mr. Mikolajczyk can be viewed on the home page of MineCore's website, www.minecore.com.

The presentation was webcasted and is archived at www.equitiesmagazine.com. MineCore will also be featured in the January 2009 issue of Equities Magazine, Equities Europe and Equities Digital Edition.

About MineCore

MineCore is an exploration company, as defined under SEC Industry Guide 7. The Company's mission is to successfully identify, acquire and develop mineral properties with a program to commence mining operations and develop solid growth with profitable operations. MineCore is planning to bring its sapphire operations in Madagascar into production through a strip mining operation in 2010 upon successful financing to sustain operations and administration costs.

MineCore's assets include 15,000 square hectares of sapphire bearing property in Madagascar, 1,000 hectares of ammolite bearing property in Canada and 520 hectares of gold bearing property in Venezuela. MineCore also has revenue-producing subsidiaries in the construction and professional service sectors.

This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the mining and manufacturing operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.

For Further information on this news release or on the Company, please visit MineCore's website at http://www.minecore.com/ or contact the Investor Relations Department, telephone: 1-954-604-0913, fax: 1-954-656-1128, e-mail address: investor@minecore.com.