Coronado Resources Ltd.

Coronado Resources Ltd.

October 08, 2009 13:39 ET

Summary: Coronado Resources Ships Over 1,750 Ounces of Gold and Over 1.350 Million Pounds of Copper to Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2009) - Coronado Resources Ltd. (TSX VENTURE:CRD) is proud to report the mining summary from its 100% owned Madison high-grade gold copper project in Montana USA. Coronado commenced its high-grade gold and copper shipments in mid 2008 with the most recent grades averaging 0.47 oz/ton gold and 35% Cu ton.

Coronado Resources Ltd. has been proactive and operating the Madison mine during some of the most challenging economic times in recent history. During these times Coronado was able to sell its high-grade gold to Kinross and Golden Sunlight and sell its high-grade copper to China through H&H metals to pay for its ongoing development of the Madison project without any major share dilution and is now in a position to begin receiving a return on investment.

Since mid 2008 Coronado Resources Ltd. has shipped a total of 1,073 contained ounces of gold to Republic, WA and a total of 719 contained ounces of gold sent to Golden sunlight mine. This gives a total of 1,792 contained ounces of gold produced. In that same period Coronado managed to ship 1,362,063 pounds of copper to China through its New York based Broker H&H Metals.

Shipments are ongoing and will be reported on a per shipment basis.

Coronado Resources Ltd. is a Canadian based exploration and development mining company that is focused on its 100% owned Madison Gold/Copper property in Montana, USA. Madison is a former producer that is now producing cash flow from high grade shipments which commenced in 2008 with recent grades averaging 35% cu/ton and .47 au/oz/ton. The Madison region hosts well establish processing and mining infrastructure. The company remains focused on expanding the Madison project with continued exploration and development drilling from the cash flow from sales. Our proven management team is actively pursuing new mining opportunities for its shareholders.

On Behalf of the Board

Eugene Larabie, President

The foregoing information may contain forward-looking statements relating to the future perforinance of Coronado Resources Ltd. Forward-looking statements, specifically those concerned with future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in filings with the appropriate securities commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information