Mr. Alan Stephens reports

CORO ANNOUNCES APPROVAL OF BERTA PROJECT ENVIRONMENTAL IMPACT DECLARATION

The evaluation commission of the Atacama region of Chile, part of the Chilean Environmental Evaluation Service, has approved the environmental impact declaration of Coro Mining Corp.'s Berta copper project, and has emitted the corresponding resolution of environmental qualification. The project is located in the III region of Chile and is owned by SCM Berta (SCMB), a Chilean company whose shareholders are Coro and ProPipe SA, an engineering firm based in Santiago, Chile.

As announced in the company's news release on Sept. 3, 2014, SCMB and Inmobiliaria y Constructora Fundart Ltda., a local construction group, have executed a memorandum of understanding which provides $15-million (U.S.) of debt financing for the development of the Berta copper resource, located approximately 20 kilometres west of the village of Inca de Oro, and for the acquisition of the Nora solvent extraction and electro winning (SXEW) plant, located four kilometres north of the town of Diego de Almagro and 42 kilometres north of Berta. Successful completion of the debt financing and planned acquisition of the Nora plant will increase ProPipe's interest in SCMB to 50 per cent. In the company's news release dated Sept. 15 2014, the company announced the positive conclusions of a preliminary economic assessment for the project, which is expected to produce 38,000 tonnes of copper cathode over a mine life of eight years, generating an after-tax internal rate of return of 46.9 per cent and a net present value discounted at 8 per cent of $26.6-million (U.S.).

Alan Stephens, president and chief executive officer of Coro, commented: "We are delighted to have achieved this important milestone in the development of the Berta project, with the SCMB environmental team led by Marcelo Cortes, Coro's vice-president development, having done an excellent job in delivering a fully approved EID in less than 12 months. We now look forward to closing the loan financing and taking possession of the Nora plant. In that regard, we have been advised that the time needed to transfer the required surface title and environmental permits from the previous owners of Nora to SCMB will extend beyond our original estimated closing date of Oct. 22, 2014."

About Fundart

Fundart is a Chilean construction group formed in 1996 by the architect Patricio Rodriguez Bass. Since then, it has completed over 400 construction projects with a total of 700,000 square metres built in a variety of work throughout Chile. The principal areas of activities include the construction of apartment buildings, housing and retail complexes, and commercial buildings, as well as development and construction projects in the copper mining industry. Fundart employs 40 professional staff and has a work force of more than 700 who have been well trained to implement the latest generation of construction technology and processes.

About ProPipe

ProPipe is a Chilean supplier of consultancy, engineering and project management services to its customers in the mining process, infrastructure and environment markets. ProPipe has relevant experience in conceptual and basic design, preliminary feasibility and feasibilities studies, and detailed engineering for mining companies in Chile. Some of its principal clients are BHP Billiton (Minera Escondida), Antofagasta Minerals (Minera Los Pelambres, Minera El Tesoro and Minera Esperanza), Minera Las Cenizas and Algorta Norte. ProPipe's recent projects include the Camarones 7,000-tonne-per-day copper cathode plant, the Algorta Norte 78-kilometre sea water pipeline and Minera Escondida's Coloso filter plant expansion project.

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