Coro shareholders reject changing share structure

Jul 9, 2014

CORO ANNOUNCES ELECTION OF DIRECTORS AND RESULTS FROM ANNUAL GENERAL AND SPECIAL MEETING

All of the nominees listed in Coro Mining Corp.’s information circular dated June 3, 2014, were elected as directors of Coro at the company’s annual general and special meeting of shareholders held in Vancouver on Tuesday, July 8, 2014.

The detailed results of the vote by ballot are listed in the attached table.

                                                For          Withheld

Robert A. Watts                          81,531,696            70,500
Alan J. Stephens                         81,531,696            70,500
Michael D. Philpot                       81,521,696            80,500
Alvin W. Jackson                         81,521,696            80,500
Roderick J. Webster                      81,531,696            70,500
Gordon J. Fretwell                       81,522,696            79,500

In addition, the company announces that its shareholders did not approve a special resolution to modify the articles in order to permit the directors to change the authorized share structure of the company. Although a majority of the other voting shareholders supported the resolution, Benton Capital Corp., which currently owns 61 million shares of the company, voted against the special resolution.

Other matters

Benton held its annual general and special meeting today (July 8, 2014) at 10 a.m. to approve a plan of arrangement, where, amongst other things, it proposed to distribute its 61 million shares of Coro to its shareholders. If approved, it is expected that the shares will be distributed on or around July 15, 2014. Coro would like to take the opportunity to thank Benton for its continued support over the past five years and looks forward to welcoming Benton’s shareholders as direct shareholders of Coro.

http://www.coromining.com/s/newsreleases.asp