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CUA

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Share Name Share Symbol Market Type
TSXV:CUA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

CuOro Commences VTEM Survey Over the Santa Elena Project in Colombia

17/10/2012 6:30pm

Marketwired Canada


CuOro Resources Corp. (TSX VENTURE:CUA)(OTCQX:CRUOF) (the "Company") is pleased
to announce that Geotech Ltd. of Aurora, Ontario ("Geotech") has been engaged to
complete a 416 line-kilometre, helicopter-borne versatile time-domain
electromagnetic ("VTEM") survey of the Santa Elena Copper-Gold Project, in
Antioquia Department, Colombia.


Geotech's VTEM system has been shown to be excellent at identifying conductive,
massive-sulphide bodies as well as mapping lateral and vertical variations in
resistivity. The VTEM system is also equipped with a high sensitivity
magnetometer which can aid in mapping geologic structure and lithology.


The survey is expected to be completed during October 2012. The Company will
immediately investigate any targets generated by the survey with exploration and
drilling.


About CuOro Resources Corp.

CuOro aims to identify mineral properties that have significant potential to
develop large-scale resources in well-established and mining receptive
jurisdictions such as Colombia. Management looks to leverage its exploration and
development expertise to bring additional value to shareholders and to reduce
development risk and expense through its focus on community relations, corporate
and social responsibility. The Company will continue to look for additional
opportunities that can bring value to the Company and its shareholders. The
company is committed to upholding the highest environmental and social standards
while focusing on delivering the financial growth that its shareholders expect.


The above information has been prepared under the supervision of Iain Kelso
HBSc., P.Geo who is designated as a "Qualified Person", and has reviewed the
information and has verified the authenticity and validity of the data in this
news release. 


For further information regarding CuOro, see CuOro's disclosure documents on
SEDAR at www.sedar.com.


On Behalf of the Board of Directors of CuOro,

Robert Sedgemore, President & CEO

Forward Looking Statement

Statements contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forward-looking
statements include, without limitation, possible events, statements with respect
to possible events, the future price of gold and silver, the realization of
mineral resource estimates and success of exploration activities. The words "is
expected" or "estimates" or variations of such words and phrases or statements
that certain actions, events or results "may" or "could" occur and similar
expressions identify forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by the Company as of the date of such statements, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. The estimates and assumptions of the Company
contained in this release which may prove to be incorrect, include, but are not
limited to, (1) the discovery and expansion of mineral resources on the
Company's Property being consistent with the Company's current expectations; (2)
the implementation of Colombia's mining law and related regulations and policies
being consistent with the Company's current expectations; (3) certain price
assumptions for gold and silver. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking
statements. Such factors include, but are not limited to: fluctuations in the
spot and forward price of gold or certain other commodities; changes in national
and local government legislation, taxation, controls, regulations and political
or economic developments in Canada, Colombia or other countries in which the
Company does business or may carry on business in the future; business
opportunities that may be presented to, or pursued by, the Company; operating or
technical difficulties in connection with mining activities; the speculative
nature of gold exploration and development, including the risks of obtaining
necessary licenses and permits; diminishing quantities or grades of reserves;
and contests over title to properties, particularly title to undeveloped
properties. 

In addition, there are risks and hazards associated with the business of gold
exploration, development and mining, including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins, flooding and
gold bullion losses (and the risk of inadequate insurance, or the inability to
obtain insurance, to cover these risks). Many of these uncertainties and
contingencies can affect the Company's actual results and could cause actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company. There can be
no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Forward-looking statements are provided for the purpose of
providing information about management's expectations and plans relating to the
future. All of the forward-looking statements made in this release are qualified
by these cautionary statements and those made in our other filings with the
securities regulators in Canada. These factors are not intended to represent a
complete list of the factors that could affect the Company. Although the Company
believes that the expectations in the forward-looking statements are reasonable,
actual results may vary, and future results, levels of activity, performance or
achievements cannot be guaranteed.


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