Coronado Resources Ltd.

Gold, copper & silver exploration, production & underground development program - Montana

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Message: final settlement of the third fall copper shipment at the end of January 2009

final settlement of the third fall copper shipment at the end of January 2009

posted on Jan 29, 2009 08:37AM

The company expects final settlement of the third fall copper shipment at the end of January 2009.

Coronado has suspended copper shipments in light of current commodity prices.

VANCOUVER, BC--(Marketwire - January 29, 2009) - Coronado Resources Ltd. (TSX-V: CRD)

has signed a contract with and begun shipping gold to the Kinross processing plant located at Republic, Washington, near the Canadian border.

A total of 830 wet tons on surface will be trucked for processing in February 2009. A more accurate and in depth sampling procedure has indicated a gold grade of 0.624 ounces per ton.

We are expecting to receive full payment for this shipment in March 2009, based on the March gold price.

The total payable tonnage will be in the order of 790 dry tons with a recovery rate of approximately 90% and shipping and processing fees estimated at $150.00 US per ton.

Coronado Resources Ltd., Copper Shipments Completed -- Gold Stockpiled

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VANCOUVER, BC--(Marketwire - October 23, 2008) - Coronado (TSX-V: CRD)

has completed its first three shipments of copper mineralization to China.

Settlement is second month after arrival in China. Payable pounds times London Metal Exchange quotation less fixed costs.

Fixed costs are for processing, transportation and refining costs.

Company has been advanced $375,000 towards final settlement of shipments. Settlement for first shipment was fixed at $2.47 per pound.

The Company has approximately 450 tons of sulphide gold mineralization grading an average of 1.1 oz/ton gold stockpiled on surface. The company is in discussions with an off site refining facility to process this type of mineralization. The processing of sulphide mineralization is different that that of the oxide mineralization which has previously been shipped to the Golden Sunlight Mill sixteen miles away.

Company is now focused on sampling and assaying oxide gold mineralization on Level I. Coronado will continue to mine and stockpile sulphide and gold mineralization from Level II underground.

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