Coro Announces Appointment of Sergio Rivera as VP Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2011) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is very pleased to announce the appointment of Mr. Sergio Rivera as Vice President, Exploration. Before taking up this position with Coro, Mr. Rivera was General Manager of Exploraciones Mineras Andinas S.A., a wholly owned subsidiary of Codelco, the world's largest copper producer, where he was responsible for directing all of Codelco's exploration activities in Chile.

Since joining Codelco in 1994, Mr. Rivera has led or played a major part in, extremely successful generative exploration programs that resulted in the discovery of several world class ore deposits, which cumulatively contain resources of more than 35 million tonnes of copper. As a result of a reevaluation of the Andina district from 2004 to 2010, his team discovered the blind La Americana and Cerro Negro orebodies, each containing more than 5 million tonnes of copper. In the Chuquicamata district, he played a key role in the discovery between 1998 and 2002 of the giant Toki Cluster of porphyry copper deposits, all of which occur under cover. Greenfields exploration by his group led to the discovery of the major Inca de Oro porphyry copper and the Casualidad IOCG deposits. While working for Goldfields in the 1980's, Mr. Rivera was involved in the discovery and evaluation of the La Coipa epithermal gold and silver deposit.

A Chilean citizen, Mr. Rivera graduated as a geologist from the Universidad del Norte, Antofagasta, Chile in 1980 and has a Master's degree in Economic Geology from the same university. He is a member of several professional organizations including the Society of Economic Geologists, and is a Qualified Person for the purposes of NI 43-101.

Alan Stephens, President and CEO of Coro, commented, "As his record unequivocally shows, Sergio is one of the best explorationists around, and I am delighted that he has chosen to work with Coro as we advance our exploration program in Chile. I am convinced that his unrivalled knowledge and experience will lead to the identification of exciting new opportunities for us."

CORO MINING CORP.

Alan Stephens, President and CEO

About Coro Mining Corp.:

The Company was founded with the goal of building a mining company focused on medium-sized base and precious metals deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production. Coro's properties include the advanced San Jorge copper-gold project, in Argentina, and the Berta, Chacay, Llancahue, El Tapao and Celeste copper exploration properties located in Chile.

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.