Coro Mining Corp.

Coro Mining Corp.

October 20, 2008 13:13 ET

Coro Files Environmental Impact Study for San Jorge Copper-Gold Project in Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2008) - Coro Mining Corp. ("Coro", or the "Company") (TSX:COP) is pleased to announce that the Environmental Impact Study ("EIS") for its San Jorge copper-gold project has been formally accepted to enter the evaluation process by the Secretary of the Environment of the Government of Mendoza. The EIS will be evaluated over the coming months by a number of provincial government departments and their advisors, and the public will be given the opportunity to review and comment on the proposed development of the San Jorge project.

Alan Stephens, President and CEO of Coro Mining commented, "Coro is very pleased to have reached the important milestone of having our EIS accepted for evaluation by the provincial authorities of Mendoza. The Company looks forward to working with the local community and the province during the EIS evaluation process. We are committed to developing the San Jorge project in full compliance with the environmental laws and regulations of the Province of Mendoza, and in accordance with international best practices."

The Company has also recently completed an 8 hole diamond drilling program to provide additional geotechnical information to support ongoing engineering studies and to test for additional mineralization beyond the limits of the existing resource model, as well as an additional 8 holes to provide metallurgical samples for flotation test work. Results will be announced in due course.

Subject to continuing positive feedback from stakeholders in Mendoza, Coro intends to advance the project to near completion of a feasibility study prior to the end of 2009. We are confident that the San Jorge Project could be developed in an environmentally responsible manner to the lasting economic and social benefit of the local community and the Province of Mendoza. For further information about the project, please refer to the Company's website.


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 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 has two main properties; Flores, in Chile and San Jorge, in Argentina, as well as other 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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