Coro Mining Corp.

Coro Mining Corp.

June 14, 2007 11:51 ET

Coro Mining Corp. Prices C$25 Million Initial Public Offering for Listing on the Toronto Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Coro Mining Corp. ("Coro" or the "Company") has filed a final prospectus with the securities regulators in each of the Provinces of Canada, other than Quebec, in connection with its initial public offering of common shares on the Toronto Stock Exchange (the "TSX"), and has also received conditional approval to list its shares on the TSX.

Coro has agreed to issue 10 million common shares, at an offering price of C$2.50 per share, for total proceeds of C$25 million. Haywood Securities Inc., RBC Capital Markets and Dundee Securities Corporation are acting as agents (collectively the "Agents"), and the Company has agreed to grant the Agents an over-allotment option for an additional 1,500,000 shares on the same terms and conditions for a period of thirty days following closing. The initial public offering is expected to close on June 22, 2007.

The TSX has conditionally approved the listing of the common shares under the symbol "COP", subject to the Company fulfilling all of the requirements of the TSX.

The Company intends to use the net proceeds of the Offering to complete an exploration program, a scoping study and a pre-feasibility study on its Barreal Seco copper property, in Chile, and to complete a pre-feasibility and feasibility study on its San Jorge copper property, in Argentina, and to fund the remaining property option payments due in 2007. The remaining proceeds will be used for general corporate purposes.

"The filing of the final prospectus and conditional approval to list on the Toronto Stock Exchange represents a significant milestone for Coro. The initial public offering should provide the Company with better access to capital markets and with other opportunities, for Coro to achieve its objective of becoming a mid-tier copper producer in Latin America" commented Alan Stephens, President and CEO of the Company.

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 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. The Company has two main properties; Barreal Seco, in Chile and San Jorge, in Argentina, as well as other exploration properties located in Chile and Mexico.

San Jorge is an advanced stage heap leach project, located in the Province of Mendoza, Argentina. The Company currently anticipates completing a pre-feasibility study on San Jorge in the fourth quarter of 2007, and, if positive, a definitive feasibility study during the first quarter of 2008. Barreal Seco is an advanced stage heap leach project, located in Region II / III in Chile, on which the Company anticipates completing a scoping study by the middle of 2008.

For further information please review to the Company final prospectus filed on www.sedar.com.

This news release is not intended for and should not be disseminated to or read by any resident of the United States or any U.S. person. The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable state securities laws.

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, Price Edward Island and Newfoundland and Labrador.

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