Coro Mining Corp.

Coro Mining Corp.
Valley High Ventures Ltd.

Valley High Ventures Ltd.

June 13, 2008 09:00 ET

Valley High Ventures and Coro Mining Corp. Reach Definitive Agreement on Mexican Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2008) - Valley High Ventures Ltd. ("Valley High") (TSX VENTURE:VHV) and Coro Mining Corp. ("Coro") (TSX:COP) are pleased to announce that they have reached a definitive agreement pursuant to which Valley High will, subject to regulatory approval, acquire all of the issued and outstanding shares of Coro's subsidiary, Coro Minera de Mexico SA de CV ("Coro Mexico") for US$ 1,982,383, which is equal to the aggregate value of Coro's investment in Coro Mexico. The purchase price will be settled through the issuance to Coro of common shares of Valley High at a deemed price of $0.25 per share. The transaction is at arm's length.

Concurrently with the completion of the acquisition by Valley High of the shares of Coro Mexico: Valley High has agreed to settle $700,000 of existing debt by the issuance of common shares of Valley High at a deemed price of $0.30 per share for a total of 2,333,333 shares; and Coro has agreed to purchase for cash, on a private placement basis, common shares of Valley High for gross proceeds to Valley High of $250,000 at a deemed price of $0.25 per share, all subject to regulatory approval.

Coro Mexico has options to acquire two properties in Mexico. The Cordero-Sanson property is located approximately 220 km south of the city of Chihuahua, and approximately 40 km northeast of the town of Hidalgo de Parral. Cordero comprises a 332 ha claim block that has been optioned by Coro Mexico, and which contains the Cordero polymetallic prospect, from which historic artisinal underground mining has taken place; and a surrounding, wholly Coro Mexico owned claim block, which contains the Sanson porphyry molybdenum prospect. The optioned property comprises the Herrera claims and the Jandrina claims covering the Cordero property. Coro Mexico has staked the 100% owned Sanson mining claim, covering 9,210 ha, surrounding the Herrera and Jandrina claim groups. Valley High engaged a qualified person to prepare a technical report in compliance with National Instrument 43-101, and will upon approval of TSX will file such report on SEDAR.

Coro Mexico also has rights under a Data Use Agreement with Freeport - McMoran Exploration ("FMEC") pursuant to which Coro Mexico has access to the Phelps Dodge database of proprietary geophysical, geologic, geochemistry, maps, data reports and other files on various properties in Mexico and Central America for a period expiring May 20, 2009. Pursuant to the agreement, FMEC has a back-in right, which will expire on May 20, 2009, to acquire an undivided 70% of Coro Mexico's interest in any property which it may acquire within the areas of Mexico and Central America covered by the agreement which has a minimum of 2 million tonnes of contained copper, of which a minimum of 1 million tonnes must be in the measured mineral resource or indicated mineral resource categories. The Cordero-Sanson property is subject to FMEC's back-in right.

With the completion of the definitive agreement, Valley High has granted stock options to certain directors, officers and key employees totaling 2,254,000 at an exercise of $0.30 per share.


Alan Stephens, President and CEO


Kathrine MacDonald, President

About Coro Mining Corp.:

Coro Mining Corp. was founded with the goal of building a mining company focused on medium-sized base metals deposits in Latin America. Coro 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; Barreal Seco, in Chile and San Jorge, in Argentina, an option to acquire the Cerro Negro copper mine in Chile, as well as other exploration properties located in Chile and Mexico.

About Valley High Ventures Ltd.:

Valley High Ventures Ltd. is a Canadian based precious and base metal exploration company with several properties, totalling approximately 10,000 hectares, located in south-central British Columbia, along the Quesnel trough and adjacent to the producing Imperial Metals Mt. Polley copper-gold-silver mine. Valley High has confirmed copper-gold mineralization, through previous drilling, and plans further exploration and development of its mineral properties in the area.

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 Coro or Valley High 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 documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.

Neither the TSX nor the TSX Venture Exchange accept responsibility for the adequacy or accuracy of this release.

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