Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce
that it has completed a 36 hole 4,030m reverse circulation ("RC") infill
drilling program at its Berta oxide copper project located approximately 20km
west of the village of Inca de Oro, in the III Region of Chile. Assay results
will be announced in due course. 


Coro also has initiated an estimated 10 hole, 3,500m, wide spaced, RC drill
program to test its recently acquired El Inca project. As described in the
Company's news release dated August 14th 2012, the El Inca property includes a
2km x 2km, gravel covered area which may host a major porphyry copper-gold
deposit similar to the PanAust/Codelco Inca de Oro project, located
approximately 2km to the southwest. The location of Berta and El Inca is shown
on Figure 1.


Alan Stephens, President and CEO of Coro commented, "Once the results of the
Berta drill program are to hand, we will complete a resource estimate, which
together with the results from the initial metallurgical testwork that is in
progress, will enable us to produce a Preliminary Economic Assessment for the
project. We are excited to be drilling El Inca so quickly after acquiring it,
and look forward to receiving assay results from this scouting program."


Sergio Rivera, Vice President of Exploration, Coro Mining Corp, a geologist with
more than 30 years of experience and a member of the Colegio de Geologos de
Chile and of the Instituto de Ingenieros de Minas de Chile, is responsible for
the design and execution of the Berta and El Inca exploration programs and is
the Qualified Person for the purposes of NI 43-101. Alan Stephens, FIMMM,
President and CEO, of Coro Mining Corp, a geologist with more than 36 years of
experience, and a Qualified Person for the purposes of NI 43-101, is responsible
for the contents of this news release.


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 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 Berta,
Chacay, El Desesperado, El Inca, 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 resource estimation,
metallurgical testwork, preliminary economic assessments and drilling programs
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.


To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/COP0822.pdf
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