Coro Announces Planned Drilling of Chacay Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2010) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce that it will commence further reverse circulation drilling at its Chacay project in early December. Chacay is located 12 km SE of Teck's Relincho major copper molybdenum project in Region III, Chile.Alan Stephens commented, "We are pleased to confirm that we will be initiating a 3,000m reverse circulation drilling program at our Chacay porphyry copper project in Chile, in early December. The objective of the program is to further define the chalcocite enrichment blanket intersected in previous drilling of the Nacho Zone, as described in our May 4th 2010 news release, as well as to test the Titan 24 induced polarization deeper primary sulphide targets described in our July 20th 2010 press release. The program will also test the Lucho and Martin Zones where chalcocite was intersected in old drill holes. The Company has commissioned an independent consultant's NI 43-101 report on Chacay and this will be filed on SEDAR shortly."CORO MINING CORP.Alan Stephens, President and CEOAbout 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 San Jorge copper-gold project, in Argentina, and the Chacay, Llancahue and Celeste copper exploration properties located in Chile. The Company also holds 9,140,353 shares (a 15% interest) in Valley High, which holds a 49% interest in the Cordero property in Mexico (www.valleyhighventures.com).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.