Coro Announces Management Changes and Provides Update on San Jorge Project

VANCOUVER, BRITISH COLUMBIA, Jul 30 (MARKET WIRE) --
Coro Mining Corp. ("Coro" or the "Company") (TSX: COP) announces that Mr.
Marcelo Cortes, the current Project Manager for San Jorge, will assume
the responsibilities of Mr. Juan Carlos Roman, VP of Development, who has
resigned effective July 31st 2009, in order to take up a senior
management position with a major mining company in Chile. Mr. Cortes is a
Chilean civil engineer with an MBA with specialization in Environmental
Management, from Liverpool University, in the UK and has 19 years of
experience in the mining industry. He was previously Manager
Infrastructure for Antofagasta Minerals.

The Company also announces that Mr. Fabian Gregorio has been appointed
President of Minera San Jorge (MSJ), its Argentinean subsidiary. Mr.
Gregorio is an Argentinean lawyer, based in Mendoza, and has been working
as a consultant to the Company for the past three years, responsible for
government relations. The Mendoza based Minera San Jorge team includes
Julio Cesar Ortiz, an Argentinean lawyer responsible for administration
and public communication; Pablo Alonso, an Argentinean environmental
engineer, responsible for all environmental aspects and community
relationships; and Alejandro Palma, an Argentinean geologist, responsible
for project geology.

MSJ has adopted a policy of complete transparency and frankness, has
stressed the economic and employment benefits of the project to
Argentina, as well as a commitment to exacting industry standards in
environmental management, and has invited citizen participation in the
environmental monitoring of the operation. The Company has demonstrated
its commitment to water conservation through the proposed use of paste
tailings, which minimizes water usage through recycling, and have
committed to train as many local residents as possible for employment in
any future operation at San Jorge.

Alan Stephens, President and CEO, commented, "The appointment of Mr.
Fabian Gregorio as President of MSJ further enhances our Argentinean
based team and provides us with a greater presence in Mendoza as the
project advances. We are confident that the team lead by Marcelo and
Fabian will continue to carry the project forward expeditiously and
efficiently and look forward to the outcome of the Environmental Impact
Study (EIS) approval process over the coming months. This process has
several steps, the first of which is a technical evaluation of the Study
by the National Technical University on behalf of the government, which
is expected to be finalized shortly. This is followed by a ministerial
project review, and public meetings, and if the EIS is then approved by
the Mendoza government, ratification by the provincial legislature
shortly thereafter. A formal public consultation process has commenced,
and the Company has opened an office in Uspallata, the nearest town to
the project site, to enhance our communications and strengthen our
relationship with the local community. Finally, I would like to thank
Juan Carlos for all his hard work over the last three years, which has
helped to bring San Jorge to the point where the approval process for the
EIS is so well advanced, and we wish him well in his new position."

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 property is the advanced
San Jorge copper-gold project, in Argentina, 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.

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

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