Coronado Resources completes a shipment of 196 DMT containing an indicated grade of 45% copper which calculates to a total of 82.5 tonnes of copper to Korea. H&H metals have sent Coronado Resources 90% provisional payment and have secured a price of USD 3.52 per pound for that amount. The remaining tonnage will be priced on 30 day average once the shipment has reached Korea and weights and assays are adjusted.

The decline is presently at the gold zone identified in the February 3rd 2010 news release that showed an average of .481 per tonne oz au and development is underway to prepare the gold bearing section for shrinkage stope mining. The funds received from the copper shipment will be more than sufficient to fully prepare for the mining procedure outlined above.

A contract has been signed with the Kinross processing plant, located in Republic, WA, USA, to process the oxide gold ore stored on surface. The shipment has commenced for a minimum of 1020 tonnes grading .491 per tonne au and will take approximately 4 to 5 weeks to complete.

Coronado continues to make progress on the Panique Gold Project located in the prolific mining area of Masbate in the Philippines and a detailed update is forthcoming. Recently more concessions in the same area have been made available to Coronado and they are presently under review.