CuOro Reports Positive Preliminary Metallurgical Test Results of 94.6% Copper and 97% Gold Recoveries at Santa Elena Project

CuOro Resources Corp. (TSX VENTURE:CUA)(OTCQX:CRUOF) ("CuOro" or the "Company")
is pleased to announce that it has received positive preliminary results for its
initial metallurgical test work from the Santa Elena VMS project in Colombia. 


Preliminary Metallurgical Testwork Highlights



--  94.6% copper and 97.1% gold recovery for massive sulphide sample 
--  89% copper recovery from secondary disseminated sulphide sample



Table 1: Preliminary metallurgical testwork rougher flotation tests parameters
and results




----------------------------------------------------------------------------
                                             Head   Head                    
                                            Assay  Assay  Recovery  Recovery
                                               Cu     Au        Cu        Au
Test       Reagents g/ton  pH          p80    (%)  (g/t)       (%)       (%)
----------------------------------------------------------------------------
MS           A-3418    15  10  70% - 75 um   3.29  0.163     94.62     97.08
     --------------------                                                   
               Z-14    40                                                   
     --------------------                                                   
               MIBC    20                                                   
     --------------------                                                   
      Lime (kg/ton)  1.73                                                   
----------------------------------------------------------------------------
DS           A-3418    10  10  70% - 75 um   0.13  0.046     88.96        ND
     --------------------                                                   
               Z-14    20                                                   
     --------------------                                                   
               MIBC    20                                                   
     --------------------                                                   
      Lime (kg/ton)  0.61                                                   
----------------------------------------------------------------------------



MS - Massive Sulphides, DS - Disseminated Sulphides, ND - none detected 

CuOro Resources President & CEO, Robert Sedgemore stated: "These initial
metallurgical test results were surprisingly high on both the copper and gold
recoveries with excellent results in the mid 90% range. Recoveries are typically
in the mid to high 80% range so we are very pleased with these results."


Summary of Metallurgical Testwork

CuOro retained SGS Mineral Services of Lima, Peru, to conduct the metallurgical
testwork. Two test samples were provided: sample SM-01 Massive Sulphide weighed
113.84 Kg and was taken from the core of four separate drill holes. Sample DS-01
Disseminated Sulphide weighed 87 kg and was taken from the core of three
separate drill holes. The samples where milled, split and assayed. Reagents and
lime were conditioned at a pH of 10 for 3 minutes with a 1kg representative
sample and then a single stage rougher flotation test was carried out in a
2-liter Denver rougher flotation cell for 8 minutes. The results and test
parameters are provided in Table 1. 


The kinetic flotation test aimed to study the effect of the type of reagent on
copper and gold recovery. The massive sulphide composite (114 kg), with a head
grade of 3.29% Cu and 0.163 g/t Au, produced recoveries of 94.6% Cu and 97.1%
Au. The disseminated sulphide composite (87 kg), with a head grade of 0.13% Cu
and 0.046 g/t Au, produced recoveries of 89.0% Cu and non-detectable recoveries
for Au. The recoverable copper exists primarily in chalcopyrite, along with
trace amounts of chalcocite, digenite, covellite and bornite. The excellent gold
recoveries indicate that the majority of the gold is hosted with the
chalcopyrite mineralization.


Additional locked cycle and cleaner flotation test work is being carried out on
the remaining samples to determine the optimal base line flotation parameters,
in addition to secondary flotation tests for the recovery of zinc and silver. 


About CuOro Resources Corp.

CuOro is a Canadian publicly listed exploration company with two exploration
projects in Colombia. The company flagship Santa Elena copper project, located
in Antioquia is prospective for high-grade near surface VMS copper deposits. The
current 25,000m drill program is nearing completion with recent results
returning assays of 6.0m at 4.9% Cu (July 31, 2012 Press Release). The Company
is well capitalized and has the right to acquire 100% interest in the Santa
Elena Property. It is managed by an experienced management and technical team
that resides in Medellin, Colombia. 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.


The above information has been prepared under the supervision of Iain Kelso
HBSc., P.Geo who is designated as a "Qualified Person", who 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.