CGW

Corazon Gold Corp. (TSX VENTURE:CGW) ("Corazon") is pleased to announce that it
has completed initial geological mapping over a significant portion of the 650
hectare historic Santo Domingo gold-silver property in central Nicaragua. The
exploration work has identified multiple epithermal quartz veins with more than
15 kilometres of cumulative strike, for which rock chip sampling has returned
assay results ranging up to 55.78 g/t gold over 1.3 metres (true width). An
ongoing trenching and sampling program is expected to further delineate targets
for an initial drilling program.


The Santo Domingo property is located 125 kilometres northeast of Nicaragua and
10 kilometres east of B2Gold Corp.'s La Libertad Mine. Corazon's concession is
entirely surrounded by B2Gold's concession block. On December 14, 2010, B2Gold
announced exploratory drill results from their Jabali vein that included 16.86
metres of 23.98 g/t gold starting at a depth of 102.31 metres. The Jabali
structure is less than 200 metres from the Santo Domingo concession border. The
Santo Domingo concession encompasses numerous artisanal mines, where small-scale
miners are selectively exploiting gold-bearing quartz veins to shallow depths.


The high grade gold in quartz veins at Santo Domingo have been mined for their
gold for more than 200 years. Santo Domingo was first brought to the attention
of the West, in Thomas Belt's 1874 book, The Naturalist in Nicaragua. Santo
Domingo has long been known as the heart of the region's mining activities and
is recognized as the first known mining camp in Nicaragua. Mining and milling
methods brought by the Spanish have not changed significantly in the district.
Mining is conducted with picks and shovels in broken, oxidized vein material to
depths generally less than 40 metres. In 1980, a group of artisanal miners
formed a cooperative and were granted a concession over the known veins at Santo
Domingo. Historically, the area has not seen the application of modern
exploration techniques, nor has it ever been drilled.


Recent geologic mapping by Corazon, conducted at a scale of 1:1,000, has
detailed approximately 80% of the concession, and provides Corazon with a wealth
of new information about the district, and provides a compelling exploration
story. The salient features of this work program include:




--  Delineation of a well defined set of steeply dipping, sub parallel,
    east-northeast to east-west trending, epithermal quartz veins. These
    veins, some with strike lengths exceeding 3 km, and widths up to 8
    metres, have been mapped across the property; 

--  The veins are generally hosted by andesitic flows, tuffs, and
    pyroclastic units of the mid-Tertiary Matagalpa Formation, however,
    detailed mapping has identified a series of rhyolitic to dacitic
    intrusives that may have played a important role in the evolution of the
    district; 

--  Surface veins are generally oxidized and leached to a depth of 70
    metres, resulting in 'gossanous' quartz veins containing variable
    amounts of iron and manganese oxides, along with native gold; extensive
    sampling of 'mill feed' by Corazon personnel has revealed values up to
    38.45 g/t Au and 577.90 g/t Ag. 

--  Artisanal mining occasionally encounters trace to less than 10% sulfide
    minerals in the veins, including: pyrite, sphalerite, chalcopyrite, and
    galena. Higher grade gold and silver values in these unoxidized samples
    contain from 6.28 to 17.01 g/t Au and 24.7 to 359.5 g/t Ag; and 

--  Mapping to date has identified in excess of a cumulative 15 kilometres
    in 'major' quartz veins with composite vein widths in excess of 3 metres
    - seven of which have strike lengths of 1 km or more.  



Following the initial program of geologic mapping and reconnaissance sampling,
an aggressive trenching program was initiated to expose the veins. Corazon is
currently awaiting the receipt and compilation of all trenching results prior to
their release. 


Numerous high-quality drill targets have been defined by the mapping and
sampling program and it is Corazon's intent to prioritize and test these targets
in early 2011. Patrick Brauckmann, President and CEO of Corazon confirms, "We
have advanced our Santo Domingo project to a drill ready stage and are thrilled
to be the first modern exploration company to evaluate these highly prospective
veins beneath the shallow levels of historic high-grade mining activity. We are
also proud of the relationship we have established with the local stakeholders
and we believe that our relationship with the community of Santo Domingo will be
mutually beneficial going forward."


Geologic consultant, John C. Spurney, the Qualified Person for the Santo Domingo
project, as defined by National Instrument 43-101 ("NI 43-101"), has reviewed
and approved the contents of this news release. Mr. Spurney was unable to verify
the information B2Gold announced on December 14, 2010 and the information
regarding the Jabali vein is not necessarily indicative of the mineralization on
the Santo Domingo property. Quality assurance and quality control procedures
include the systematic insertion of blanks, standards and duplicates into all
soil and rock samples submitted for assay. All samples are placed in sealed
plastic bags and shipped directly to Inspectorate America's Reno, Nevada
laboratory. Rock chip samples consisting of 2-4 kg of material, are crushed and
pulverized, then analyzed via 30 gram fire assay with AA finish. Silver, base
metals, and trace elements are analyzed as part of a multi-element ICP package.
For further information about the Santo Domingo project, please see our NI
43-101 compliant report entitled, "NI 43-101 Technical Report on the Santo
Domingo Concession, Nicaragua", dated October 25, 2010 and authored by Paul
Pelke, California Registered Geologist, which is available on SEDAR at
www.sedar.com.


ON BEHALF OF THE BOARD

CORAZON GOLD CORP.

Patrick Brauckmann, President

Disclaimer for Forward-Looking Statements

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify forward-looking
statements. Forward-looking statements in this news release include statements
that: (i) an ongoing trenching and sampling program is expected to further
delineate drill targets for an initial drilling program on the Santo Domingo
property; (ii) that numerous high quality drill targets have been defined by the
mapping and sampling program and it is the Company's intent to prioritize and
test these targets in early 2011; and (iii) that the Company believes its
relationship with the community of Santo Domingo will be mutually beneficial
going forward. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the Company's control. These risks
and uncertainties include, among other things: (i) an inability by the Company
to undertake or complete its initial drilling program; (ii) any adverse
occurrences that prevent the Company from prioritizing and testing high quality
drill targets in early 2011; (iii) a breakdown in the relationship between the
Company and the community of Santo Domingo; (iv) a downturn in economic
conditions in Nicaragua or internationally; (v) the inherent uncertainties and
speculative nature associated with mineral exploration; (vi) any number of
events or causes which may delay exploration and development of the Santo
Domingo property, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems; (vii) an inability by the Company
to finance operations and growth; and (viii) other factors beyond the Company's
control. These forward-looking statements are made as of the date of this news
release and, except as required by applicable laws, the Company assumes no
obligation to update these forward-looking statements, or to update the reasons
why actual results differed from those projected in the forward-looking
statements.

Corazon Gold Corp. (TSXV:CGW)
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Corazon Gold Corp. (TSXV:CGW)
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