Corazon Announces $250,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 25, 2015) - Corazon Gold Corp. (TSX VENTURE:CGW)(OTCBB:RMZFF) ("Corazon" or the "Corporation") announces that, subject to regulatory approval, it intends to complete a non-brokered private placement financing (the "Offering") of up to $250,000 by the issuance of up to 1,315,789 units ("Units") at a price of $0.19 per Unit. Each Unit consists of one common share and one-half of one common share purchase warrant. Each full warrant will be exercisable into one common share at a price of $0.40 for a period of two years following the closing of the Offering.

The proceeds of the Offering will be used for general working capital. Finders' fees may be payable in connection with the Offering in accordance with the policies of the TSX Venture Exchange.

The Offering will be conducted under available exemptions from the prospectus requirements of applicable securities legislation and participation in the Offering will be available to existing shareholders in qualifying jurisdictions in Canada in accordance with the provisions of Multilateral CSA Notice 45-313 and BC Instrument 45-354 (the "Existing Shareholder Exemption"). Corazon has set June 25, 2015 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Qualifying shareholders who wish to participate in the Offering should contact Corazon at the contact information set forth below. If the Offering is over subscribed for, units will be allocated pro-rata amongst all subscribers.

In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, the Offering will also be conducted pursuant to other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of directors and officers of Corazon.

All securities will be subject to a four-month and one day hold period.

On behalf of the Board of Directors, Corazon Gold Corp.

Bradley Scharfe, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.