CuOro Provides Corporate Update

CuOro Resources Corp. (TSX VENTURE:CUA)(OTCQX:CRUOF)(FRANKFURT:6BC) ("CuOro" or
the "Company") is pleased to provide a corporate update and announce the
addition of Joseph Belan to its Board of Directors.


Highlights



--  New management has refocused the exploration program over the entire
    Santa Elena Copper-Gold property 
--  The company remains well funded with $8.5M in cash and has made recent
    expenditure reductions to further preserve capital 
--  Mr. Joseph Belan has been appointed to Board of Directors 



The Company is continuing to develop the high-grade copper potential of its
Santa Elena Project and has refocused its exploration program to expand on the
high grade drill results achieved to date. The significant drill results
(previously reported) to date (Table 1) have been centered around the TEM
anomalies representing approximately 10% of the Santa Elena property. Santa
Elena is a Volcanogenic Massive Sulfide (VMS) project, a type of ore deposit
that is typically characterized by having many ore-bearing lenses. To date, the
company has completed and reported on approximately 23,500 meters of drilling
and has discovered two such lenses (TEM 1 and TEM 2). These lenses have the
potential to be part of a much larger VMS system on the Santa Elena Property.
"It may be expected that the Santa Elena district will contain several deposits,
with one giant deposit (greater than 30MT) and one or two mid-sized deposits
(10-15MT) and several smaller deposits (3-5MT each)", reports James Franklin,
Ph.D, FRSC, P.Geo.


Corporate Update 

The Company is well funded and currently has approximately $8,500,000 in the
treasury and has recently initiated cost-cutting measures to further preserve
its treasury given that financing markets for junior exploration companies
continue to be difficult. At the present time, the Company expects that its
current cash position will be more than sufficient to proceed to the next phase
of drilling at the Santa Elena Project. 


In addition to the recent appointments of Pablo Orsolani as General Manager,
Colombia Operations and Iain Kelso as Vice-President, Exploration, the Company
is pleased to announce that Mr. Joseph Belan has been appointed to the Board of
Directors. Mr. Belan is a seasoned mining investment professional having held
senior positions at Bank of America Merrill Lynch, Pala Investments AG, and
Goldman Sachs International. In addition, Mr. Belan brings direct Colombian
mining experience having served as Interim CEO and Board Member of Coal Corp
Mining Inc. from January 2009 to March 2010, where he led the development and
implementation of a restructuring plan designed to preserve liquidity, establish
a foundation for a viable business and allow the company to pursue strategic
alternatives. Mr. Belan's unique combination of mining, capital markets and
management experience will further strengthen the new management team at CuOro.
Combined with Mr. Orsolani and Mr. Kelso, a wealth of knowledge and experience
is brought to CuOro, which will be extremely valuable to the Company as it moves
forward with its exploration and growth plans. 


Under the leadership of Mr. Iain Kelso, the Company is actively evaluating
various project opportunities in Colombia in order to opportunistically add
other projects to its portfolio.


President and CEO John Seaman said: "I believe that with a revised management
team and under the direction of Mr. Kelso, we will continue to develop Santa
Elena Property, build on our initial exploration successes and work to identify
the additional massive sulphide lenses that would make Santa Elena an
economically important high-grade copper project. Final drill results from our
25,000 meter Phase 1 program are pending and will be released as soon as
available."


Table 1: Santa Elena Significant Drill Results



----------------------------------------------------------------------------
                                     Total                                  
                 Azimuth       Dip   Depth    From      TO  Interval      Cu
Hole ID        (Degrees) (Degrees)     (m)     (m)     (m)       (m)     (%)
----------------------------------------------------------------------------
SE-DDH-7              10       -75     228    35.6      43       7.4    1.18
----------------------------------------------------------------------------
SE-DDH-9             270       -45   259.9    76.3   119.3        43    0.31
----------------------------------------------------------------------------
SE-DDH-18              0       -90   288.5      12      17         5    2.13
----------------------------------------------------------------------------
SE-DDH-20            135       -75     230      51      71        20    1.47
----------------------------------------------------------------------------
SE-DDH-24            270       -75  205.85    12.5    21.5         9    2.69
----------------------------------------------------------------------------
SE-DDH-25            150       -45   164.5      71      77         6    4.84
----------------------------------------------------------------------------
SE-DDH-26            270       -60   212.8    13.8    17.9       6.9    1.94
----------------------------------------------------------------------------
SE-DDH-29             90       -45   182.3     103     117        14    0.37
----------------------------------------------------------------------------
SE-DDH-37            115       -45   202.5     125     146        21    1.61
----------------------------------------------------------------------------
SE-DDH-39            190       -55     150    30.6   133.5     102.9    1.44
----------------------------------------------------------------------------
SE-DDH-47            110       -45     250     156     160         4    1.78
----------------------------------------------------------------------------
SE-DDH-53            150       -45     250  100.65   111.5     10.85    0.45
----------------------------------------------------------------------------
SE-DDH-62            150       -45     250      37      47        10    0.86
----------------------------------------------------------------------------
SE-DDH-69            180       -55     218     112   130.5      18.5    0.58
----------------------------------------------------------------------------
SE-DDH-79            175       -55   155.8      42      52        10    3.21
----------------------------------------------------------------------------
SE-DDH-81            125       -45    99.5    72.5    81.5         9    1.51
----------------------------------------------------------------------------
SE-DDH-83            235       -45    82.5      28      40        12    4.28
----------------------------------------------------------------------------
SE-DDH-84            330       -45   106.6      56      62         6    4.93
----------------------------------------------------------------------------
SE-DDH-88            240       -65   314.5   145.5     213      67.5    0.22
----------------------------------------------------------------------------



(i)True widths are not known at this time and full drill results are available
on the company's website at www.cuororesources.com and on www.sedar.com.


Santa Elena Exploration Update

The Company recently began a regional work program over the entirety of its
Santa Elena Property with the aim of identifying additional anomalies to
generate drill targets. In September 2012, the Company completed surface work
including soil sampling over ridges, stream sediment sampling and rock chip
sampling. The Company expects to receive and release these results in the coming
weeks.


Additionally, the Company commissioned Geotech Ltd. to fly a 416 line-kilometre,
helicopter-borne versatile time-domain electromagnetic ("VTEM") survey over the
entire Santa Elena property. The survey has been completed and analysis and
interpretation of the data is expected to be completed during December.
Geotech's VTEM system has a successful track record at identifying VMS targets,
which have later been confirmed by drilling.


Together, the results from the recently completed geochemical and geophysical
work programs are expected to provide several new targets that the Company plans
on drilling in early 2013 as it seeks to identify more VMS ore body lenses at
the Santa Elena Project.


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,
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,

John Seaman, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CuOro Resources Corp.
Dave Doherty
VP Corporate Development
[phone]
[e-mail]
www.cuororesources.com