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COMPANY OVERVIEW - CORO Mining Corp.

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<strong>COMPANY</strong> <strong>OVERVIEW</strong> TSX: COP- Mar 2010<br />

BUILDING A NEW COPPER-GOLD DEVELOPMENT <strong>COMPANY</strong> IN<br />

SOUTH AMERICA<br />

www.coromining.com<br />

<strong>CORO</strong> is well positioned to take advantage of the increasingly positive outlook towards mining in Mendoza,<br />

Argentina through its San Jorge Copper-Gold Concentrate Project which has a very manageable CAPEX<br />

($277million) and a low operating cost (net cash cost $0.69 per pound of copper). Coro is currently awaiting<br />

the final approval of the Environmental Impact Study (“EIS”) which is anticipated in Q2 2010.<br />

<strong>CORO</strong> completed an Independent Preliminary Economic Assessment (“PEA”) in April 2008, which indicated the<br />

San Jorge Project had an NPV (@ 10%) of $220 million (Using a copper price of $2.00 /lb and a gold price of<br />

$600/ oz). The Company estimates using prices that better reflect current prices (copper price of $3.00 per lb<br />

and gold of $1,000/ oz) the San Jorge Project NPV (@10%) is $677 million.<br />

<strong>CORO</strong>’s experienced management team has also compiled an attractive exploration portfolio in Chile to provide<br />

a further pipeline of projects, thus growth. Coro’s Management is well supported by an experienced Board of<br />

Directors and a strong supportive shareholder base.<br />

SAN JORGE<br />

M&I<br />

RESOURCE<br />

2.1 billion lbs<br />

Cu<br />

1.2 million oz<br />

Au<br />

PERMIT<br />

Q210<br />

DFS<br />

Q211<br />

CAPEX<br />

$277m<br />

PROD.<br />

40,000 Cu (t)<br />

39,000 Au oz<br />

(16+yrs)<br />

At $3 Cu & $1,000 Au NPV (@10%) = $677m<br />

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SAN JORGE <strong>OVERVIEW</strong><br />

San Jorge (acquiring 100%) is a medium sized copper-gold porphyry project located in the Las Heras Department,<br />

Mendoza, Argentina. Las Heras is a pro-mining district where there is little or no competing agricultural interests, low<br />

population density and no competition for water resources (which exist on the property). Coro owns the surface rights<br />

through its ownership of a 120,000 hectare ranch. The Company has completed a pre-feasibility study (“PFS”) on the<br />

leachable copper resources and a preliminary economic assessment (“PEA”) on the secondary and preliminary copper<br />

resources.<br />

(Water source located on San Jorge property)<br />

PEA Concentrate Only Economics – Apr08<br />

Mine Life<br />

Initial Capital Cost (+/- 30%)<br />

16 yrs<br />

$277 m<br />

Total Cu Production (lbs)<br />

1,393 m<br />

Total Au Production (ozs) 629,000<br />

Cash Cost (Yrs 1-5) (per lb) $0.91<br />

Gold Credit (at $600/oz gold) $0.22<br />

Net Cash Cost $0.69<br />

NPV and IRR at $600/oz gold and $2.00/lb Cu<br />

After Tax IRR 28.6%<br />

After Tax NPV (@10%)<br />

$220m<br />

Environmental Impact Study<br />

EIS Submitted for Approval<br />

EIS Accepted for Evaluation<br />

UTN Appointed for Technical Review<br />

UTN Completes Independent Evaluation<br />

Sectorial Review<br />

Formal Public Meetings<br />

Environmental Minister Approval<br />

Provincial Ratification (EIS Approval)<br />

OCT 08<br />

MAR 09<br />

APR 09<br />

SEPT 09<br />

FEB 10<br />

Q110<br />

Q210<br />

Q210<br />

Domain Type Tonnes<br />

(millions)<br />

In Pit Resources - @ 0.30% Cu Cutoff<br />

CuT<br />

%<br />

Au<br />

(g/t)<br />

2<br />

Cu (lbs)<br />

(millions)<br />

Au<br />

(000’ozs)<br />

Enriched M&I 26 0.65 0.21 374 177<br />

Primary M&I 136 0.43 0.19 1,297 852<br />

Total M&I 152 0.48 0.20 1,671 1,029<br />

Oxides M&I 32 0.53 0.22 380 228


EXPLORATION <strong>OVERVIEW</strong><br />

The team of Alan Stephens (President & CEO) and Angelo Peri (VP Exploration) with their extensive backgrounds and<br />

success in mining industry for 30+ years is a huge asset to Coro <strong>Mining</strong> <strong>Corp</strong>. and will ensure that the Company always<br />

has an attractive and exciting exploration program.<br />

During the recent financial downturn the Company has managed to maintain its core exploration prospects and has<br />

recently completed successful short drill programs at Llancahue and Chacay.<br />

PROJECTS<br />

Llancahue<br />

(Cu, Mo, Ag)<br />

Chacay<br />

(Cu)<br />

Other Properties<br />

PIPELINE<br />

STRATEGY<br />

Staked in 2008. Two short drill programs in 2009 with Hole LLA07 highlighting an interception of<br />

100m at 1.38% Cu & 0.015% Mo & 3.8 g/t Ag and LR04 returning 36m at 2.43% Cu & 0.10% Mo<br />

& 5.8 g/t Ag.<br />

100% owned located 12km SE from Teck’s Relincho project. Significant past drilling by BHP and<br />

Anglo but assays not available. Coro drill testing in 2009 was highlighted with hole CHCRC09<br />

with an interception of 88m at 0.47% Cut with excellent solubility. Three of the four widely<br />

spaced holes intercepted the secondary enrichment blanket. Further drill testing planned in 2010<br />

Pocillas- Au, Talca Belt of Properties (15,500 hectares)-Cu/ Au, Gloria Property-Cu, Celeste-Cu<br />

To continue to acquire exploration prospects in Latin America to build a pipeline of projects<br />

<strong>CORO</strong> also holds a 20.6% interest (9,140,353 common shares) in Valley High<br />

Ventures (TSX-V: VHV) which has a 49% interest in the Cordero Property as<br />

well as other exploration properties within Canada. Valley High Ventures is<br />

led by Rob Cameron (President & CEO) who has extensive exploration<br />

experience.<br />

3


CORPORATE INFORMATION<br />

FOR MORE INFORMATION:<br />

Contact: Michael Philpot<br />

Suite 1280 – 625 Howe Street, Vancouver BC, Canada, V6C 2T6<br />

Phone (604) 682 5546 Fax (604) 682 5542<br />

Investor.info@coromining.com – www.coromining.com<br />

(Photo of San Jorge Camp)<br />

DIRECTORS AND OFFICERS:<br />

Coro’s Board of Directors and senior management have a<br />

proven track record in exploration, development, financing and<br />

building successful mining companies. Coro is well-positioned<br />

to purse its objective of broadening the Company’s portfolio<br />

along with verifying and developing its principal properties.<br />

EXECUTIVES<br />

Alan Stephens - President & CEO, Director<br />

Michael Philpot - VP & <strong>Corp</strong>orate Secretary, Director<br />

Damian Towns - CFO<br />

Marcelo Cortes - VP Project Development<br />

Angelo Peri - VP Exploration<br />

Market Capitalization – February 28, 2010<br />

Shares Outstanding (million) 91.4<br />

Warrants Outstanding (million) 30.1<br />

Options Outstanding (million) 6.5<br />

Fully Diluted (million) 128.0<br />

Share Price $0.47<br />

Market Capitalization $43m<br />

OTHER DIRECTORS<br />

Robert Watts - Chairman, Independent Director<br />

R. Stuart Angus - Independent Director<br />

Rod Webster - Independent Director<br />

Alvin Jackson - Independent Director<br />

Gordon Fretwell - Non-executive Director<br />

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