Coro Mining Corp.

Coro Mining Corp.

July 30, 2009 13:00 ET

Coro Announces Management Changes and Provides Update on San Jorge Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 30, 2009) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) announces that Mr. Marcelo Cortes, the current Project Manager for San Jorge, will assume the responsibilities of Mr. Juan Carlos Roman, VP of Development, who has resigned effective July 31st 2009, in order to take up a senior management position with a major mining company in Chile. Mr. Cortes is a Chilean civil engineer with an MBA with specialization in Environmental Management, from Liverpool University, in the UK and has 19 years of experience in the mining industry. He was previously Manager Infrastructure for Antofagasta Minerals.

The Company also announces that Mr. Fabian Gregorio has been appointed President of Minera San Jorge (MSJ), its Argentinean subsidiary. Mr. Gregorio is an Argentinean lawyer, based in Mendoza, and has been working as a consultant to the Company for the past three years, responsible for government relations. The Mendoza based Minera San Jorge team includes Julio Cesar Ortiz, an Argentinean lawyer responsible for administration and public communication; Pablo Alonso, an Argentinean environmental engineer, responsible for all environmental aspects and community relationships; and Alejandro Palma, an Argentinean geologist, responsible for project geology.

MSJ has adopted a policy of complete transparency and frankness, has stressed the economic and employment benefits of the project to Argentina, as well as a commitment to exacting industry standards in environmental management, and has invited citizen participation in the environmental monitoring of the operation. The Company has demonstrated its commitment to water conservation through the proposed use of paste tailings, which minimizes water usage through recycling, and have committed to train as many local residents as possible for employment in any future operation at San Jorge.

Alan Stephens, President and CEO, commented, "The appointment of Mr. Fabian Gregorio as President of MSJ further enhances our Argentinean based team and provides us with a greater presence in Mendoza as the project advances. We are confident that the team lead by Marcelo and Fabian will continue to carry the project forward expeditiously and efficiently and look forward to the outcome of the Environmental Impact Study (EIS) approval process over the coming months. This process has several steps, the first of which is a technical evaluation of the Study by the National Technical University on behalf of the government, which is expected to be finalized shortly. This is followed by a ministerial project review, and public meetings, and if the EIS is then approved by the Mendoza government, ratification by the provincial legislature shortly thereafter. A formal public consultation process has commenced, and the Company has opened an office in Uspallata, the nearest town to the project site, to enhance our communications and strengthen our relationship with the local community. Finally, I would like to thank Juan Carlos for all his hard work over the last three years, which has helped to bring San Jorge to the point where the approval process for the EIS is so well advanced, and we wish him well in his new position."


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 and it has established an experienced development and exploration team to accomplish this. Coro's core property is the advanced San Jorge copper-gold project, in Argentina, and the Company holds other earlier stage 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.

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