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| | July 23, 2007
Minera San Jorge files an action to challenge the constitutionality of recently passed Mendoza Provincial Act - NR 07-05
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| | NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
July 23, 2007 Minera San Jorge SA, a subsidiary of Coro Mining Corp. (TSX symbol: COP) ("Coro" or the "Company"), has filed an action to have the recently passed Provincial Act in Mendoza (the "Act"), declared unconstitutional. As noted in the Company's News Release 07-02, dated June 21, 2007, the Act prohibits the use of toxic substances including sulphuric acid in any metalliferous mining in the Province.
The legal process in Mendoza, involves the presentation of the action directly to the Provincial Supreme Court of Justice (the "Court"); once the action is accepted by the Court, the Government of Mendoza will then be notified of the action. The Government is then expected to respond to the action before the case could go to trial.
Notwithstanding this action, the Company is continuing with its evaluation of San Jorge and plans to complete its pre-feasibility study by the end of this year. It is the Company's intention to continue to work with all levels of government and interested third parties to demonstrate that the project, if viable, could be developed in a socially and environmentally responsible manner and would provide economic and social benefits to the local community and to the Province.
CORO MINING CORP.
"Alan Stephens"
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 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. The Company has two main properties; Barreal Seco, in Chile and San Jorge, in Argentina, as well as other exploration properties located in Chile and Mexico.
For further information please visit our website at www.coromining.com or contact Michael Philpot, Executive Vice-President, at (604) 682 5546 or email investor.info@coromining.com
This news release is not intended for and should not be disseminated to or read by any resident of the United States or any U.S. person. The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable state securities laws.
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, Price Edward Island and Newfoundland and Labrador. |
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| | You can view the Next News Releases item: Thu Aug 2, 2007, Coro Mining Corp. appoints Angelo Peri Vice-President of Exploration - News Release 07-06
You can view the Previous News Releases item: Tue Jul 10, 2007, Coro Mining Corp. closes its C$13.5 Million Initial Public Offering. Shares to start trading on the Toronto Stock Exchange - News Release 07-04
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