Corazon Provides Update on Drilling Program and Grants Options

Corazon Gold Corp. ("Corazon" or the "Company") (TSX VENTURE:CGW) is pleased to
provide an update on the current 3,000 metre drilling program at the Santo
Domingo Project in central Nicaragua, located 10 kilometres east of B2 Gold's La
Libertad mine, Nicaragua's largest open pit mine.


In the past three weeks, Corazon has completed a total of 5 holes for an
aggregate of 622 metres. The Company is currently testing both the El Tigre and
Amparo zones. Trenching work at Santo Domingo in the fall of 2010 demonstrated
that quartz veins, with more than 15 kilometres of cumulative strike are found
on the property. Samples are being prepared by Inspectorate at their Managua,
Nicaragua laboratory. Inspectorate is an ISO 9001 accredited laboratory with
their assay laboratory located in Richmond, BC. Assay results are expected in
the coming weeks.


To see a surface map of Santo Domingo, please click here:
http://corazongold.com/upload/satmap.jpg)


While Santo Domingo has had a rich history in mining, until now, the Santo
Domingo property has never been drill tested. Locals have been mining high-grade
ore from the property for generations and have established Santo Domingo as the
heart of Nicaragua's mining activities.


Corazon also wishes to announce that the Company has granted an aggregate of
2,100,000 stock options to directors, officers and employees of the Company,
subject to TSX approval. All of the options have a five year expiry term, will
fully vest over an 18-month period and have an exercise price of $.75 per share.


About Corazon

Corazon is a Canadian-based mineral exploration company with its focus on
exploration of the 650-hectare Santo Domingo property in central Nicaragua. The
Santo Domingo property is located 125 kilometres northeast of the capital city
of Managua, Nicaragua, and 10 kilometres east of B2Gold Corp.'s La Libertad
Mine. Corazon's property is entirely surrounded by B2Gold's concession block and
has long been recognized as the original gold discovery in Nicaragua. The Santo
Domingo - La Libertad area is a mining friendly jurisdiction, with B2Gold Corp.
operating the largest mine (open pit) in the country at La Libertad. Until
Corazon initiated work last year, no modern exploration work has been completed
on the Santo Domingo property.


ON BEHALF OF THE BOARD

Corazon Gold CORP.

Patrick Brauckmann, President

Disclaimer for Forward-Looking Statements

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify forward-looking
statements. Forward-looking statements in this news release include statements
that: (i) an ongoing trenching and sampling program is expected to further
delineate drill targets for an initial drilling program on the Santo Domingo
property; (ii) that numerous high quality drill targets have been defined by the
mapping and sampling program and it is the Company's intent to prioritize and
test these targets in early 2011; and (iii) that the Company believes its
relationship with the community of Santo Domingo will be mutually beneficial
going forward. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the Company's control. These risks
and uncertainties include, among other things: (i) an inability by the Company
to undertake or complete its initial drilling program; (ii) any adverse
occurrences that prevent the Company from prioritizing and testing high quality
drill targets in early 2011; (iii) a breakdown in the relationship between the
Company and the community of Santo Domingo; (iv) a downturn in economic
conditions in Nicaragua or internationally; (v) the inherent uncertainties and
speculative nature associated with mineral exploration; (vi) any number of
events or causes which may delay exploration and development of the Santo
Domingo property, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems; (vii) an inability by the Company
to finance operations and growth; and (viii) other factors beyond the Company's
control. These forward-looking statements are made as of the date of this news
release and, except as required by applicable laws, the Company assumes no
obligation to update these forward-looking statements, or to update the reasons
why actual results differed from those projected in the forward-looking
statements.