MARI.TO · 2018-01-17 12:00:00

Coro Mining Reports Remaining Results from Infill Drilling at Marimaca Copper Project, Chile

Drill Results

Suite 1280 – 625 Howe St

Vancouver, B.C. V6C 2T6

News Release

TSX: COP

www.coromining.com

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Coro Mining Reports Remaining Results from Infill Drilling at Marimaca Copper

Project, Chile

- Drilling highlights include 122m @ 0.79%CuT and 62m @ 0.90%CuT

January 17, 2018 - Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce

the results of the final 26 reverse circulation (RC) holes from the infill drill program completed at its Marimaca

copper project, located 22km E of the port of Mejillones in the II Region of Chile, (Figs. 1 & 2). Together with

the previously released results from Marimaca (November 9, December 5, and December 22, 2017), Coro has

now published the results of all holes in the program.

“These results complete the drilling for an updated Marimaca resource estimate and Definitive Feasibility

Study that is underway,” commented Coro President and CEO, Luis Tondo. “Results from the exploration RC

holes completed at La Atomica and NE Marimaca, together with assays from six diamond drill holes completed

for geotechnical purposes will be released shortly.”

Drilling Results

Results are shown on Table 1 where %CuT means total copper. Drill hole locations are shown on Fig 3. Drill

collar coordinates are shown on Table 2.

Table 1: Intersections

Hole TD From To m %CuT Type

MAR-77 200m 106 138 32 0.46 Oxide

and 174 200 26 0.69 Enriched

MAR-79 200m

70 116 46 0.47 Oxide

and 116 136 20 0.67 Mixed

170 184 14 0.82 Mixed

MAR-88 150m 64 100 36 1.11 Oxide

MAR-89 150m 24 92 68 0.37 Oxide

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MAR-90 200m 64 130 66 0.42 Oxide

and 130 150 20 0.37 Mixed

MAR-93 200m 34 64 30 1.00 Oxide

and 94 106 12 0.95 Oxide

MAR-94 200m 6 106 100 0.34 Oxide

MAR-95 150m 64 90 26 0.35 Oxide

MAR-96 150m 48 110 62 0.90 Oxide

MAR-97 150m No Significant Results

MAR-98 100m 6 30 24 0.44 Oxide

MAR-99 150m 54 68 14 0.55 Oxide

MAR-100 150m 6 30 24 0.53 Oxide

MAR-101 150m 4 18 14 0.42 Oxide

and 22 60 38 0.48 Oxide

MAR-102 150m 0 46 46 0.60 Oxide

and 58 136 78 0.49 Oxide

MAR-103 150m 48 82 34 0.55 Oxide

MAR-104 150m No Significant Results

MAR-105 150m No Significant Results

MAR-106 200m 48 170 122 0.79 Oxide

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MAR-107 300m

42 60 18 0.75 Oxide

and

84 122 38 0.64 Oxide

122 134 12 1.60 Mixed

208 246 38 0.35 Mixed

256 292 36 0.39 Mixed

MAR-108 250m 90 150 60 0.31 Mixed

and 170 184 14 1.50 Oxide

MAR-109 250m 90 136 46 0.92 Mixed

MAR-110 300m 152 160 8 1.28 Oxide

MAR-111 150m No Significant Results

MAR-118 350m 0 98 98 0.40 Oxide

and 142 258 116 0.45 Oxide

MAR-119 300m

0 64 64 0.66 Oxide

and

114 158 44 0.48 Oxide

175 194 18 0.47 Mixed

236 244 8 1.06 Oxide

270 298 28 0.35 Mixed

Sampling and Assay Protocol

True widths cannot be determined with the information available at this time. Coro RC holes were sampled on

a 2 metre continuous basis, with dry samples riffle split on site and one quarter sent to the Andes Analytical

Assay preparation laboratory in Calama and the pulps then sent to the same company’s laboratory in Santiago

for assaying. A second quarter was stored on site for reference. Samples were prepared using the following

standard protocol: drying; crushing to better than 85% passing -10#; homogenizing; splitting; pulverizing a 500-

700g subsample to 95% passing -150#; and a 125g split of this sent for assaying. All samples were assayed for

CuT (total copper), CuS (acid soluble copper), CuCN (cyanide soluble copper) by AAS and for acid consumption.

A full QA/QC program, involving insertion of appropriate blanks, standards and duplicates was employed with

acceptable results. Pulps and sample rejects are stored by Coro for future reference.

Sergio Rivera, Vice President of Exploration, Coro Mining Corp, a geologist with more than 33 years of

experience and a member of the Colegio de Geologos de Chile and of the Instituto de Ingenieros de Minas de

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Chile, was responsible for the design and execution of the exploration program and is the Qualified Person for

the purposes of NI 43-101. Alan Stephens, FIMMM, Executive Director of Coro Mining Corp, a geologist with

more than 42 years of experience, and a Qualified Person for the purposes of NI 43-101, is responsible for the

contents of this news release.

Fig 1: Location of Marimaca

Fig 2: Marimaca Claim Map

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Fig 2: Marimaca Drill Plan

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Table 2: Drill Collars

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Hole Easting Northing Elevation Azimuth Inclination Depth

MAR-77 374845.64 7435655.16 1133.565 310 -60 200

MAR-79 374883.75 7435621.51 1126.270 310 -60 200

MAR-88 374799.90 7435428.31 1065.892 220 -60 150

MAR-89 374844.16 7435393.70 1063.870 220 -60 150

MAR-90 374840.50 7435396.72 1064.061 310 -60 200

MAR-93 375190.91 7435114.32 1054.606 220 -60 150

MAR-94 375185.11 7435114.91 1054.326 310 -60 200

MAR-95 374808.94 7435362.27 1061.826 220 -60 150

MAR-96 374805.97 7435367.54 1061.618 310 -60 150

MAR-97 374830.12 7435333.37 1065.364 310 -60 150

MAR-98 374851.41 7435351.80 1059.431 220 -60 100

MAR-99 374923.77 7435265.59 1037.956 310 -60 150

MAR-100 374926.80 7435263.87 1038.017 220 -60 150

MAR-101 375054.54 7435172.63 1046.476 220 -60 150

MAR-102 375047.60 7435175.92 1046.811 310 -60 150

MAR-103 375179.28 7435044.70 1046.672 310 -60 150

MAR-104 374879.98 7435225.98 1052.945 310 -60 150

MAR-105 374961.51 7435159.08 1024.055 310 -60 150

MAR-106 375059.60 7435346.51 1053.307 220 -60 200

MAR-107 375056.74 7435344.64 1053.493 310 -60 300

MAR-108 375097.07 7435382.27 1064.472 220 -60 250

MAR-109 375091.49 7435388.91 1064.478 310 -60 250

MAR-110 375143.02 7435431.12 1080.283 310 -60 300

MAR-111 375145.70 7435426.43 1080.272 220 -60 150

MAR-118 374816.25 7435538.25 1106.088 310 -60 350

MAR-119 374824.20 7435532.68 1106.510 220 -60 300

About Coro Mining Corp.:

Coro's strategy is to grow a mining business through the discovery, development and operation projects at any

stage of development, which are well located with respect to infrastructure and water, have low permitting

risk, and have the potential to achieve a short and cost effective timeline to production. The Company’s

preference is for open pit heap leach copper projects, where minimizing capital investment and creating

profitability are priorities and, where the likely capital cost is financeable relative to the Company’s market

capitalization. The Company's assets include the Marimaca development project; its 65% interest in the SCM

Berta company, which owns the Berta mine and Nora plant and the Llancahue prospect.

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For further information:

Contact Naomi Nemeth, VP Communications/IR at +1 (647) 556 1023, +1 (604) 682 5546, Toll free +1 877 702

2676 or [email protected]

Visit our website site at www.coromining.com

Email us at [email protected]

This news release includes certain "forward-looking statements" under applicable Canadian securities

legislation. Such forward-looking statements or information, include but are not limited to timing of future

results and further programs. Forward-looking statements involve known and unknown risks, uncertainties and

other factors which are beyond Coro’s ability to predict or control and may cause Coro’s actual results,

performance or achievements to be materially different from any of its future results, performance or

achievements expressed or implied by forward-looking statements. These risks, uncertainties and other factors

include, but are not limited to, the completion of assays and drill rig availability. Such forward-looking

statements are also based on a number of assumptions which may prove to be incorrect, 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.

Accordingly, readers should not place undue reliance on forward-looking statements. Coro undertakes no

obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a

result of new information or future events or otherwise, except as may be required by law.

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