Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce
that, as described in the Company's news release dated 8th May 2013, its partner
ProPipe SA, ("ProPipe") has made the US$500,000 option payment due to the
underlying owner of the Berta property. As a result, Propipe has acquired an
initial 10% shareholding in SCM Berta, a new company established to develop and
operate the Berta property which hosts a copper oxide deposit and is located
approximately 20km west of the village of Inca de Oro, in the III Region of
Chile. Propipe has the right to earn up to a 50% interest in SCM Berta, with
Minera Coro Chile Ltda., Coro's 100% owned Chilean subsidiary, holding the
remainder, by completing additional work on the property and obtaining and
structuring project financing.


Alan Stephens, President and CEO of Coro commented, "We are delighted that
ProPipe has made this initial investment in Berta. ProPipe is currently
undertaking additional metallurgical test work and engineering & environmental
studies for the project aimed at advancing it rapidly to a production decision.
A resource update, incorporating the Berta Central deposits, is nearing
completion and will be announced shortly."


About Berta

Berta is a modest sized, near surface, copper oxide deposit, with
mineralization, as defined by drilling, mapping and geochemistry, occurring in
three principal areas; Berta Sur, Central and Norte. Mineralization is
associated with sub-vertical, elongate, potassically altered porphyry intrusive
bodies and related hydrothermal and intrusive breccias, emplaced into a tonalite
stock. At Berta Sur, this mineralization is present within a roughly horseshoe
shape area with oxidation extending from surface to depths of 50m to 100m. Berta
Central comprises several smaller bodies, located immediately north of Berta
Sur, which were the focus for previous small scale copper oxide production.
Berta Norte comprises several, discreet, NW oriented zones of mineralization,
individually 25-85m in width, 100-250m in strike length and partially gravel
covered. 


Coro announced a NI43-101 compliant resource estimate for the Berta Sur area, in
its news release dated December 6th 2012, the results of preliminary
metallurgical test work in its news release dated November 5th 2012, and the
signing of a Letter of Intent with ProPipe in its news release dated May 8th
2013. There are additional resources on the property in the Berta Central
deposits, and there is potential elsewhere on the property and in the
surrounding district to augment these. 


About ProPipe SA

ProPipe is a Chilean supplier of consultancy, engineering and project management
services to its customers in the mining process, infrastructure and environment
markets. ProPipe have relevant experience in conceptual and basic design,
preliminary feasibility and feasibilities studies, and detailed engineering for
mining companies in Chile. Some of its principal clients are BHP Billiton
(Minera Escondida), Antofagasta Minerals (Minera Los Pelambres, Minera El
Tesoro, and Minera Esperanza), Minera Las Cenizas and Algorta Norte. ProPipe's
recent projects include the Camarones 7,000 tonne per year copper cathode plant,
the Algorta Norte 78 km sea water pipeline, and Minera Escondida's Coloso filter
plant expansion project.


Alan Stephens, FIMMM, President and CEO of Coro, a geologist with more than 37
years of experience, is the Qualified Person for Coro who has reviewed and
approved 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 Berta copper development project and the Payen, El Desesperado,
Llancahue exploration properties all located in Chile; and the advanced San
Jorge copper-gold project, in Argentina.


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 resources, the potential for
additional resources and the timeline to a production decision, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Coro Mining Corp.
Michael Philpot
Executive Vice-President
(604) 682 5546
investor.info@coromining.com
www.coromining.com
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