MARI Marimaca Copper Corp

Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) regrets to announce that
the Provincial Legislature of Mendoza has voted against the ratification of the
Company's approved Environmental Impact Declaration ("EID"), notwithstanding
that the EID was conditional, inter alia, upon the Company's Argentinean
subsidiary, Minera San Jorge ("MSJ"), complying with the highest standards of
environmental protection, control and monitoring prior to, and during the
construction and operation of the project. Over the past 3 years, Coro has
strictly complied with all laws and regulations, including the 7722 law which
required the ratification of the approved EID, and has made every effort to
ensure that the legislators were fully informed about the project. In addition,
a Mendoza court recently determined that the process which led to the approval
of the EID was neither illegitimate nor arbitrary, and therefore fully complied
with provincial law. 


As recently as August 24th, the head of the Lower House confirmed that the
ratification vote would take place after the elections scheduled for October, in
order that the decision could be taken based on the merits of the project and
not on a calculation of electoral advantage. Unfortunately, the vote took place
in any event, without consideration of the conclusions of the legislature's
commissions who have spent the last several months evaluating the EID, and more
pertinently, the validity of the process which led to its approval. The decision
to not ratify the EID was taken against the clearly expressed wishes of the
current government, with whom the Company was in advanced discussions aimed at
delivering a carried 10% interest in MSJ to the province.


Coro will now consider its alternatives to seek legal redress and compensation
through the Argentinean and international courts. In particular, the 7722 law is
currently subject to legal challenges of its constitutionality by Coro and
several other parties. We anticipate that this lawsuit may be resolved by mid
2012 and in the event that the courts find that the law is indeed
unconstitutional, the denial of legislative ratification of the Company's valid
and approved EID, may be deemed to be null and void. 


Finally, we wish to express our gratitude to the people of Uspallata who had
supported the development of San Jorge. We sincerely regret the rejection our
project by your elected representatives, especially given the rigorous review
and consultation process that has taken place over the past 3 years. Coro had
hoped to work with you in raising your living standards and demonstrating the
economic and social benefits that San Jorge could have brought to your
community; unfortunately, this opportunity has now been denied to us.


CORO MINING CORP.

Alan Stephens, President and CEO

About San Jorge:

The San Jorge copper-gold project is located in Mendoza, Argentina. The Company
completed an independent Preliminary Economic Assessment ("PEA"), in April 2008
which contemplated production of 39,500 tonnes of copper per annum and 39,000
ounces of gold per annum over a 16 year mine life. The deposit remains open at
depth and using a $2.00 per pound copper and $600 per ounce gold price returned
an after tax NPV of $220 million, with a capital expenditure of $277 million.


Alan Stephens FIMMM, President and CEO of Coro, a geologist with more than 35
years of industry experience is the Qualified Person for Coro who has reviewed
and approved the contents of this News Release. In respect of the PEA, it should
be noted that mineral resources that are not mineral reserves do not have
demonstrated economic viability.


About Coro Mining Corp.:

The Company was founded with the goal of building a mining company focused on
medium-sized base and precious 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. Coro's properties
include the advanced San Jorge copper-gold project, in Argentina, and the
Chacay, Berta, Llancahue and Celeste copper 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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