Zoro Mining Corp.
OTC Bulletin Board : ZORM

Zoro Mining Corp.

December 16, 2009 14:47 ET

Zoro Mining Corp. Announces Cease Trade Order in British Columbia

TUCSON, ARIZONA--(Marketwire - Dec. 16, 2009) - Zoro Mining Corp. (OTCBB:ZORM) ("Zoro", the "Company"), a Nevada corporation with its shares of common stock registered under Section 12(g) of the United States Securities Exchange Act of 1934, as amended and which files annual and other reports with the United States Securities and Exchange Commission (the "SEC"), announces that on December 11, 2009, the Company received a cease trade order (the "CTO") from the British Columbia Securities Commission (the "BCSC"), the effect of which is limited to the Province of British Columbia.

By its terms, the CTO was issued by the BCSC for the Company's failure to file: (i) a technical report under Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") with respect to the Company's Yura gold prospect near Arequipa, Peru and its Don Beno gold and copper project near Copiapo, Chile, disclosed in the Company's annual information form (filed in the form of an annual report on Form 10-K), as filed on the System for Electronic Analysis and Retrieval ("SEDAR"); and (ii) either a preliminary prospectus and a prospectus, or a Form 45-106F1 Report of Exemption Distribution that would be required to be filed under section 6.1 of Canadian National Instrument 45-106 Prospectus and Registration Exemptions, related to certain distributions of shares made by the Company to British Columbia residents.

The Company is now seeking legal advice in connection with this matter and expects to be in communication with the BCSC promptly in order to come into compliance with the requirements of the BCSC.

About Zoro Mining Corp.: Zoro is an exploration stage company engaged in the acquisition and exploration of precious metal properties in Mexico and South America. Zoro's main holdings are in the Don Beno, Escondida, Costa Rica, and Rio Sur Districts in Chile, and the Yura District in Peru.


This document contains "forward-looking statements". Statements in this document, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that (i) the Company will finalize definitive agreements on the various properties, (ii) the Company will implement and carry out certain development plans, (iii) the Company will become a significant player in the mining business, (iv) the Company will be successful in establishing production mining operations for any of its future projects, and (v) the Company will acquire the rights to other projects or assets.

It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the failure to complete the acquisitions indicated for any reason, (ii) the continued demand for precious and base metals, (iii) the failure by the Company to identify and acquire other mineral projects of merit, (iv) the failure to raise any proceeds necessary to complete any acquisitions of any other mineral projects or to develop the property interests, (v) the uncertainty of the requirements demanded by environmental agencies, (vi) the Company's ability to raise debt or equity financing for operations, (vii) the Company's ability to maintain qualified employees or consultants, and (vii) the likelihood that no commercial quantities of precious or base metals are found or recoverable on any properties in which the Company expects to gain an interest. The risks and uncertainties that could affect future events or the Company's future financial performance are more fully described in the Company's quarterly reports (on Form 10Q filed in the United States), the Company's annual reports (on Form 10K in the United States) and the other recent filings on Form 8K filed in the United States. These filings are available at www.sec.gov in the United States.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company.

CUSIP – 98977W 20

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