Coro Mining Corp. Announces Changes to its Board and an Update on Progress for its Flagship Marimaca Copper Project - Seite 2

The appointment of Mr. Haworth as Executive Chairman will provide support to the CEO, Mr Luis Tondo, as he spends increasing time on the completion of numerous technical work streams for Marimaca. These technical items represent key de-risking catalysts for the Company and include an immediate focus on the delivery of the PEA, a rigorous preliminary and follow-up metallurgical test work programme, ongoing exploration work to expand resources and define new deposits, as well as preparing for various permitting workstreams. Mr Haworth is a co-founder and Senior Partner of Greenstone Resources, which holds 24.9% of the shares of Coro Mining, and is Coro’s largest shareholder. His career in natural resources has spanned over 20 years including in roles as Managing Director and Head of Metals and Mining Corporate Finance in London for J.P. Morgan. He will provide leadership on corporate strategy, financing, investor engagement and marketing including investor roadshows.

Michael Haworth, Executive Chairman of Coro Mining Corp commented:

“I look forward to supporting Luis and his project team as they progress the development of what we believe is one of the most exciting copper oxide deposit discoveries in Chile in the last 10 years. Marimaca appears to have all the hallmarks of a low capital cost, high margin, copper mine development.

“2020 is expected to be a transformational year for the Company and my focus will be on providing structure for an active engagement with the capital markets and further developing our corporate strategy, including the various financing options available, as we aim to move Marimaca towards production. To complement this, we have commenced preparations for several changes to the corporate structure of Coro to best position us for a successful future development, including corporate rebranding in line with the primary focus on the development of Marimaca.

”The Board and I would like to thank Colin for his strong leadership as Non-Executive Chairman, and his ongoing involvement as a Non-Executive Director and Chairman of the Compensation Committee.”

Contact Information
For further information please visit www.coromining.com or contact:

Tavistock
[phone]
Jos Simson/Emily Fenton
[e-mail]

Qualified Persons

The scientific and technical information in this news release including the sampling, analytical and test data underlying such information, was prepared under the supervision of, or has been reviewed by, Sergio Rivera, Vice President of Exploration, Coro Mining Corp, a Qualified Person for the purposes of NI 43-101 and a geologist with more than 36 years of experience. Mr. Rivera is a member of the Colegio de Geologos de Chile and the Institute of Mining Engineers of Chile.