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COMPANY OVERVIEW - CORO Mining Corp.

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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

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