CuOro Reports It Has Received Shareholder Consent for the Transaction with Pacific Road Resources Fund II

CuOro Resources Corp. (TSX VENTURE:CUA) ("CuOro" or the "Company") is pleased to
announce that it has received shareholder consent for the transaction with
Pacific Road Resources Fund II and Pacific Road Resources Fund II L.P. (together
with Pacific Road Resources Fund II, "Pacific Road") previously announced on May
28, 2012.


CuOro has received the requisite majority shareholder consent of over 50% for
the transaction. The Company sought written shareholder consent for the
transaction under the terms of the transaction agreement (the "Agreement") with
Pacific Road dated May 28, 2012, in connection with Pacific Road potentially
becoming a control person under the rules of the TSXV in the event that it
acquires ownership of more than 20% of the common shares of the Company through
the exercise of the two options outlined in the Agreement and the completion of
certain permitted secondary market share purchases. 


CuOro Resources President & CEO, Robert Sedgemore stated, "We are pleased to
have shareholder consent of this transaction and we look forward to partnering
with Pacific Road. The transaction is potentially worth $47.5 million to CuOro
Resources, if the options are fully exercised which would allow the Company to
secure its funding requirements into the medium-term. This presents a solid
financing plan for CuOro and allows the Company to advance the Santa Elena high
grade copper project in line with our corporate goals for the next few years."


Under the terms of the Agreement, CuOro has granted to Pacific Road two separate
options to purchase units of the Company by way of non-brokered private
placements, subject to certain terms and conditions as set out in the Agreement.
The issuance of the units is subject to the final approval of the TSXV (see May
28, 2012 press release).


The Agreement also provides for Pacific Road to purchase a minimum of two
million common shares of the Company and a maximum of three million common
shares of the Company in the secondary market, subject to certain terms and
conditions as set out in the Agreement including the requisite shareholder
consent. Pacific Road's purchases of CuOro stock in the secondary market is to
be completed within 120 days from the date of shareholder approval for the
transaction, which was obtained on June 21, 2012.


A copy of the Agreement is available under the Company's profile on SEDAR at
www.sedar.com.


About CuOro Resources Corp. 

CuOro Resources (TSX VENTURE:CUA) is a Canadian publicly-listed exploration
company with two projects in Colombia. The company flagship Santa Elena Copper
project, located in Antioquia hosts potential high-grade near surface VMS
deposits. The current 25,000m drill program is well underway, with recent
results returning assays of 102.9 m at 1.44% Cu including 14 m at 2.9% copper.
The Company has the right to acquire 100% interest in the Santa Elena Property.
The Company is managed by an experienced and technical management team residing
in Medellin, Colombia and is well capitalized. The long-term growth strategy is
to continue identifying and acquiring new assets in South America with a focus
on copper and gold, and the commitment to upholding the highest environmental
and social standards.


About Pacific Road Entities 

The Pacific Road Entities are private equity funds investing in the global
mining industry. They provide expansion and buyout capital for mining projects,
mining related infrastructure and mining services businesses located throughout
resource-rich regions of the world. The Pacific Road Entities are managed or
advised by Pacific Road Capital Management Pty Ltd ("PRCM"). The PRCM team,
located in Sydney, Australia, San Francisco and New York, USA, is comprised of
experienced mining investment professionals that have extensive knowledge and
experience in the mining and infrastructure sectors, including considerable
operating, project development, transactional and investment banking experience.
For further information on the Pacific Road Entities and PRCM, please go to
their website at www.pacroad.com.au.


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 the balance of the terms and conditions of the Agreement being met by
each of the Company and Pacific Road, Pacific Road completing all of the
investments contemplated under the terms of the Agreement and the TSXV approving
the contemplated private placements of the units. 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: the
Company and/or Pacific Road failing to fulfill the terms and conditions of the
Agreement, 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.