Mr. Simon Ridgway reports

CORDOBA MINERALS COMPLETES $3.24 MILLION TRANCHE OF PRIVATE PLACEMENT

Cordoba Minerals Corp. has closed the first tranche of its previously announced non-brokered private placement by issuing 7,208,890 units at 45 cents per unit for gross proceeds of $3,244,000. Each unit consists of one common share and one-half of a warrant, each whole warrant entitling the holder to purchase one additional common share for two years at 50 cents. The company also issued 273,333 common shares and 435,999 warrants as finders' fees in connection with this portion of the financing. The finders' fee warrants have the same terms as the unit warrants. All of the shares and warrants have a resale restriction until April 21, 2013.

The net proceeds of the placement will be used toward exploration of the company's Cordoba property, Colombia, and for general working capital purposes.

Early warning report

As a result of his participation in the private placement, Amin Lakha, of 500-108 Ave. Northeast, Bellevue, Wash., has acquired 1,111,112 common shares of the company at a price of 45 cents each, as well as share purchase warrants to purchase a further 555,556 shares of the company, which are exercisable for two years at a price of 50 cents per share. As a result, Mr. Lakha owns a total of 2,177,779 shares, which represents 8.6 per cent of the issued and outstanding shares of the company. Assuming the exercise of his warrants in full, Mr. Lakha would own 3,066,669 shares or 11.7 per cent of the then-issued capital of the company.

The shares were acquired by Mr. Lakha for investment purposes and he may, from time to time, directly or indirectly, acquire additional securities of the company. Mr. Lakha has filed on SEDAR a report pursuant to National Instrument 62-103.

We seek Safe Harbor.