Environmental Baseline Study At Marimaca Copper Project 

VANCOUVER - Coro Mining Corp. reported that an environmental baseline study has been completed for the Marimaca copper leach development-stage project, located in the II Region of the Republic of Chile. The work was carried out by an independent consultant, BORDOLI & Consultores Asociados EIRL of Antofagasta, Chile between November 2016 and January 2017. The consultant concluded that there were no material environmental issues that would impede the development of the Marimaca project, and the information gathered will form part of the feasibility study for the project that is in progress. It will also form the basis for the environmental permit applications for Marimaca, which will be submitted in due course. Alan Stephens, President and CEO of Coro said, "We are pleased to have completed this important phase of the project's evaluation which, together with the previously announced maiden resource estimate and the planned acquisition of the Ivan processing plant, confirm our intention to accelerate the development of Marimaca. 

The Company is also progressing through the acquisition of the Ivan processing plant and anticipates a closing of this arrangement by the end of Q1 2017. The recently announced Marimaca pit-constrained mineral resource estimate of 145,500 tonnes of copper in the measured and indicated categories and the 99,300 tonnes of copper in the inferred category provided the resource confirmation necessary to validate the decision to acquire the Ivan processing plant.