NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce
that it has closed the second and final tranche of its previously announced
non-brokered private placement of up to 22,500,000 units ("Units") at a price of
$0.10 per Unit to raise gross proceeds of up to $2,250,000 (the "Private
Placement"). 


10,205,000 Units were issued in the second tranche for gross proceeds of the
Company of approximately $1,020,500. Each Unit is comprised of one common share
of the Company and one half of a common share purchase warrant (each whole
warrant, a "Warrant"). Each Warrant will entitle the holder to acquire an
additional common share of the Company at an exercise price of $0.15 for a
period until January 22, 2017. The Warrants will be subject to a forced exercise
provision after one year in the event the volume weighted average trading price
of the Company's common shares on the Toronto Stock Exchange is equal to or
above $0.30 for 20 consecutive trading days. 


Between the two tranches the Company raised gross proceeds of approximately $2.1
million and issued 21,078,246 common shares and 10,539,123 warrants. Cash
finder's fees of 6% of the proceeds were paid on a portion of the Private
Placement. The net proceeds of the Private Placement will be used to complete a
diamond drill program at the Company's El Desesperado Property and for general
working capital purposes. All securities issued pursuant to the Private
Placement are subject to a statutory hold period of four months and one day from
the date of issuance.


The Company is also pleased to announce that diamond drilling is currently
underway at El Desesperado using two rigs together with backhoe trenching
program. This exploration is being undertaken in the area where previously
reported reverse circulation drill hole CED-R-4 intercepted 204m @ 0.55% CuT
from surface. Assay results will be released in due course. 


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 Berta copper leach project and the Payen, El Desesperado,
Llancahue, and Celeste copper exploration properties, all located in Chile, and
the advanced San Jorge copper-gold project, located in Argentina.


For further information please visit the Company's website at www.coromining.com. 

Forward Looking Statements

Certain statements contained in this press release constitute forward-looking
information within the meaning of applicable securities laws. These forward
looking statements relate to future events or the Company's future performance,
business prospects or opportunities including, without limitation, statements
relating to the use of the net proceeds of the Private Placement. The Company
believes that the expectations reflected in such forward looking information are
reasonable, but no assurance can be given that these expectations will prove to
be correct and such forward-looking information should not be unduly relied
upon. These statements speak only as of the date of this press release. Forward
looking information involves risks and uncertainties which may cause actual
results to be materially different from those expressed or implied by such
forward looking information. Such risk and uncertainties relate to, among other
thing, management's discretion to reallocate the net proceeds of the Private
Placement. The Company does not intend, and does not assume any obligation, to
update any forward-looking information except as required by law. 


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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