Coro Terminates Option to Purchase 75% of Barreal Seco Copper Project, Chile

• Press Release
• Source: Coro Mining Corp.
• On 5:39 pm EST, Monday February 9, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 9, 2009) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP - News) announces that it has elected to terminate its option over the Barreal Seco property, located in the III Region of northern Chile. The Company has also terminated its option over the Salvadora prospect, located 19km southwest of Barreal Seco.

Related Quotes

Symbol	Price	Change
COP.TO	0.31	0.00

{"s" : "cop.to","k" : "c10,l10,p20,t10","o" : "","j" : ""}

Alan Stephens, President & CEO of Coro, said; "Our internal scoping evaluation of the Barreal Seco leach resources concluded that they were uneconomic as a stand alone operation at current copper and sulphuric acid prices, and attempts to renegotiate the terms of the underlying option agreement, which included significant cash payments to the owners, were unsuccessful."

Coro intends to focus its attention on the development of its advanced San Jorge copper gold project in Argentina and on further exploration of its copper gold exploration properties in the Talca Belt of central Chile.

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 and it has established an experienced development and exploration team to accomplish this. Coro's core project property is the advanced San Jorge copper-gold project, in Argentina, as well as and the Company holds other earlier stage 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.

Michael Philpot
Coro Mining Corp.
Executive Vice-President
(604) 682-5546
Email: investor.info@coromining.com
Website: www.coromining.com