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CUA

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Share Name Share Symbol Market Type
TSXV:CUA TSX Venture Common Stock
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CuOro Intersects 6 Metres of 4.9% Copper at the Santa Elena Project in Colombia

31/07/2012 5:10pm

Marketwired Canada


CuOro Resources Corp. (TSX VENTURE:CUA) ("CuOro" or the "Company") is pleased to
announce additional drill results from eight drill holes at its Santa Elena
Copper-Gold Project, in Antioquia Department, Colombia, with highlights
including 6.0 metres grading 4.9% copper in hole SEDDH-84. The Company currently
has two drill rigs on the property continuing its Phase I 25,000 metre drill
program. To date a total of 100 drill holes have been completed with
approximately 19,735 metres drilled (see Figure 1). 


Highlights:



--  Hole SEDDH-84 intersected 6.0 metres of 4.9% copper at a down-hole depth
    of 56.0 metres 
--  Hole SEDDH-91 intersected 5.0 metres of 1.2% copper at a down-hole depth
    of 35.0 metres 
--  Hole SEDDH-88 intersected 67.5 metres of 0.22% copper at a down-hole
    depth of 145.5 metres 



Table 1: Drilling Assay Results



----------------------------------------------------------------------------
                                                EOH  From    To             
Drill Hole UTM East  UTM North  Azimuth  Dip    (m)   (m)   (m) Length  Cu %
----------------------------------------------------------------------------
SE-DDH-84  476475.9   754663.9      330  -45  106.6  56.0  62.0    6.0  4.93
----------------------------------------------------------------------------
SE-DDH-88  476409.9   754702.1      240  -65  314.5 145.5 213.0   67.5  0.22
----------------------------------------------------------------------------
SE-DDH-91  476410.0   754707.0       70  -70   89.0  28.0  30.0    2.0  1.82
and                                                  35.0  40.0    5.0  1.18
----------------------------------------------------------------------------



All other drill holes not listed in the table above did not return any
significant economic values. All widths represent down-hole core lengths and the
true widths are unknown at this stage. Average grades are calculated by the
average weighted length of each individual intercept over the entire length of
the intercept. 


CuOro Resources President & CEO, Robert Sedgemore stated, "These new drill
results show that we are increasing our understanding of the Santa Elena project
and continuing to locate the high grade copper containing massive sulphide
mineralization that we are seeking."


Drilling Results 

Drill holes SEDDH-84 and SEDDH-91 both targeted a geophysical off-hole conductor
that was identified from down-hole Pulse EM surveys in holes SEDDH-79 and
SEDDH-83 that also intersected massive sulphide mineralization by (see June 5,
2012 press release). Mineralization was intercepted in drill hole SEDDH-84
approximately 40 metres below surface; and in drill hole SEDDH-91 approximately
25m below surface. The intercepts are 50 metres apart. To date, this newly
discovered massive sulphide body is approximately 65 metres in length, strikes
N60W, flat-lying and almost parallel to surface at a shallow depth of no greater
than 40 metres below surface. Drilling continues in order to define the extent
and limits of the mineralized body. Please see Figure 1 for a map of the drill
hole locations reported in this release, and Figure 2 for a cross section
relating to the drill holes reported in this release.


The Company continues to advance with its aggressive exploration program at
Santa Elena that includes a Phase I 25,000 metre diamond drilling program,
regional and detailed geological and structural mapping, and geophysical
surveying. 


Table 2: Drill hole locations



----------------------------------------------------------------------------
Hole        East UTM   North UTM   Elevation (m)   EOH (m)     Dip   Azimuth
----------------------------------------------------------------------------
SE-DDH-84   476475.9    754663.9          1105.7     106.6     -45       330
----------------------------------------------------------------------------
SE-DDH-85   476944.4    755274.6           981.0     173.0     -65       180
----------------------------------------------------------------------------
SE-DDH-86   476477.9    754664.6          1105.7     126.6     -45        20
----------------------------------------------------------------------------
SE-DDH-87   476704.0    755566.0          1176.5     433.6     -70        90
----------------------------------------------------------------------------
SE-DDH-88   476409.9    754702.1          1126.9     314.5     -65       240
----------------------------------------------------------------------------
SE-DDH-89   476477.2    754664.4          1105.7      96.0     -70        20
----------------------------------------------------------------------------
SE-DDH-90   476409.9    754702.1          1126.9     218.7     -50       240
----------------------------------------------------------------------------
SE-DDH-91   476410.0    754707.0          1127.7      89.0     -70        70
----------------------------------------------------------------------------



Geophysics Update

The down-hole pulse EM results and surface survey EM results display a strong
correlation (direct relation) with mineralization; the outcropping massive
sulphides and known mineralization at depth. The presence of geophysical
anomalies spatially associated with known mineralization is extremely
encouraging. The EM survey has proven to be extremely effective in discovering
and mapping previously undetected VMS bodies, and drilling has confirmed the
validity of the data. 


As a result of the successful drilling results, the Company is continuing the EM
surface survey outwards in all directions from the current drill area. All drill
holes will be tested with the down-hole EM method as they are completed. The
ongoing drilling program will make maximum use of the borehole and surface
transient electromagnetic surveying to systematically locate and target
potential massive sulphide bodies.


Additional Exploration

The Company also reports that channel sampling of recently exposed outcrops at
TEM-2 (El Arroyo) at the Santa Elena Project has returned high-grade copper
values with an average mean grade of 1.61% copper over 70 metres of surface
exposed massive suphides.


Indications are that at TEM-2 the massive sulphides form a tabular zone dipping
at 45 degrees to the north and plunging at 40 degrees to the east. The outcrops
were previously thought to have a strike length of approximately 10 metres,
however, ongoing exploration has shown that the outcropping VMS-style
mineralization continues an additional 60 metres to the west increasing the
total length of the outcrops to approximately 70 metres.


CuOro President & CEO, Robert Sedgemore stated, "We are delighted to have
extended the strike length of the massive sulphide outcrops at TEM-2, which are
further evidence of the high-grade copper potential at Santa Elena."


CuOro completed an extensive saw-cut channel sampling program over the exposed
sections of massive sulphides. Vertical channel samples were cut at two to three
metre intervals where exposure permitted. Due to the limitations of the natural
outcroppings this nominal spacing was adjusted to fit the local conditions. The
true thickness of the outcrops has yet to be determined. 


The program consisted of 15 individual saw-cut vertical channel samples totaling
11.54 linear metres collected over the exposed strike length. The assay results
returned an average mean grade of 1.61% copper. The highest individual result
from this round of channel sampling was a 0.65 metre vertical channel sample at
3.83% copper. Note that average assays values are calculated using the length
weighted average for each sample. Assay results are listed in Table 3. 


Table 3: Channel Sampling Assay Results



----------------------------------------------------------------------------
Sample          UTM       UTM     Length  Cu (%)  Au (g/t)  Ag (g/t)  Zn (%)
Designation    East     North        (m)  AAS41B    FAA515    AAS41B  AAS41B
----------------------------------------------------------------------------
B000057      476532    754767       0.35    0.07      0.12       6.5    0.01
----------------------------------------------------------------------------
B000058      476536    754771       1.00    0.97      0.06       9.6    0.07
----------------------------------------------------------------------------
B000059      476538    754772       0.90    1.52      0.35      13.0    0.19
----------------------------------------------------------------------------
B000060      476541    754771       1.00    0.99      0.12       8.0    0.07
----------------------------------------------------------------------------
B000061      476536    754775       1.00    1.35      0.20      12.0    0.08
----------------------------------------------------------------------------
B000062      476538    754774       0.85    0.91      0.20      11.0    0.10
----------------------------------------------------------------------------
B000063      476540    754774       0.80    1.58      0.13      14.0    0.12
----------------------------------------------------------------------------
B000064      476542    754774       0.80    1.75      0.19      14.0    0.65
----------------------------------------------------------------------------
B000065      476544    754774       0.50    0.71      0.12       8.0    0.19
----------------------------------------------------------------------------
B000066      476544    754771       0.70    1.96      0.06      13.0    2.33
----------------------------------------------------------------------------
B000067      476571    754774       0.49    2.18      0.22      17.0    0.60
----------------------------------------------------------------------------
B000068      476571    754776       0.82    1.60      0.14      13.0    0.11
----------------------------------------------------------------------------
B000069      476582    754766       1.08    2.38      0.47      26.0    0.27
----------------------------------------------------------------------------
B000070      476589    754774       0.60    2.07      0.17      15.0    0.35
----------------------------------------------------------------------------
B000071      476592    754772       0.65    3.83      0.20      28.0    0.52
----------------------------------------------------------------------------
                                 Average                                    
                                   Grade    1.61      0.19      14.1    0.35
                             -----------------------------------------------



CuOro staff cut channels on all exposed outcrops. The outcrops were cleaned of
debris and plant matter with a high pressure water sprayer. Channels were
clearly marked in bright orange spray paint. All channel samples were cut with a
diamond saw to a nominal width of five centimeters, three centimeters deep and
one meter in length (where feasible) yielding an average 4.4 kilograms per meter
of sample length. The resulting channel samples were broken from the cut using a
hammer and chisel. Care was taken so that no samples fell to the ground in order
to avoid any possible contamination. Channel samples were cut vertically,
perpendicular to the true thickness.


Qualified Person

CuOro also announces Iain Kelso HBSc., P.Geo as the qualified person as defined
by National Instrument 43-101 who is responsible for the technical information
provided in this release and all future news releases. The Company would like to
thank Michael Rowland P.Geo for his past work at CuOro Resources as the
qualified person.


QA/QC

All drill-hole core and collected field samples were assayed by SGS at its
laboratory in Lima, Peru, after preparation at an SGS facility in Medellin,
Colombia. Duplicate channel samples were collected for QA/QC control and sent
for testing. Standards were also entered into the sampling stream. All channel
samples, rock chip samples and stream sediment samples are collected under the
supervision of Company geologists in accordance with standard industry practice.
Gold was analyzed by fire assay (SGS analysis FAA515); silver, copper and zinc
results were determined by 4-acid ICP MS (SGS analysis ICM40B) and AA (SGS
analysis AAS41B) techniques.


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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