Zoro Mining Corp.
OTC Bulletin Board : ZORM

Zoro Mining Corp.

April 05, 2011 14:11 ET

Zoro Mining Executes Earn-In Agreement for Escondida Project, Region III, Chile

TUCSON, ARIZONA--(Marketwire - April 5, 2011) - Zoro Mining Corp. (OTCBB:ZORM) is pleased to announce that it has entered into an Earn-In agreement with Llanos de Caldera, S. A. Cerrada, ("Llanos"), a privately-held Chilean corporation, for participationby Llanos in Zoro's Escondida precious metals project located south of the port city of Caldera, approximately 60 km from Copiapo in Chile Region III.

The Escondida Project covers nearly 2500 hectares (5500 acres) of coastal plain in Chile Region III. Previous work by Zoro and others at the project, including trenching, geochemical sampling, shallow reverse circulation drilling, and laboratory analysis has identified precious metals contained in sedimentary units occurring on the surface of and extending up to 100 meters of depth at the concessions.

The agreement grants Llanos a one-year period during which to act as operator and expend US$500,000 in qualifying expenditures at the project, constituting an initial exploration program and including drilling, sampling analytical and metallurgical test work.

At the end of this period, if it has properly incurred the qualifying expenditures, Llanos can elect to Earn-In and acquire an undivided 70% of the Escondida project. On Earn-In the parties will form a joint venture and execute a Joint Operating Agreement whereby Llanos will be the Operator, and the parties shall fund their respective shares of expenses going forward.

Llanos is a privately held Chilean corporation funded through venture capitalists residing principally in the state of Colorado, USA.

Zoro's main holdings are in the Fritis, Don Beno, Escondida, and Piedra Parada districts in Chile, and the Yura district in Peru.

On Behalf of the Board 


Andrew A. Brodkey, President and CEO

More detailed information with respect to Zoro's projects, corporate information and leadership team can be found at the company's website: www.zorominingcorp.com.

Should you have any questions or comments, please do not hesitate to contact the Company at the referenced number above.

FORWARD-LOOKING STATEMENTS: This press release may contain projections and certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, which involve various risks and uncertainties regarding future events. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) inability to complete the Earn-In for any reason; (ii) adverse market conditions; (iii) a decrease in demand for and price of gold and precious metals; (iv) the inability to obtain, or a change in local governmental or regulatory approval or policies that may adversely affect permitting and the exploration work; (v) general uncertainties with respect to mineral exploration;(vi) the possibility of project cost overruns and of unanticipated costs and expenses; and (vii)the availability and costs of financing needed in the future. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates of opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

CUSIP: 98977W 20

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