Mr. Robert Sedgemore reports

CUORO INTERSECTS 12 METRES OF 4.28% COPPER

Cuoro Resources Corp. has released additional drill results from its 100-per-cent-owned Colombian Santa Elena copper-gold project. The company currently has three drill rigs on the property continuing its phase one 25,000-metre drill program. To date a total of 88 drill holes have now been completed with approximately 17,720 metres drilled.

Highlights:

• Hole SEDDH-83 intersected 12.0 metres of 4.28 per cent copper (Cu) at a downhole depth of 28 metres in a newly discovered massive sulphide body.
• Hole SEDDH-79 intersected 10.0 metres of 3.21 per cent Cu at a downhole depth of 42 metres.
• SEDDH-81 intersected nine metres of 1.51 per cent Cu.
• Hole SEDDH-062 intercepted semi-massive sulphide mineralization at a downhole depth of 37.0 metres with an interval of five metres at 1.12 per cent Cu.
• Hole SEDDH-058 intercepted three distinct mineralized zones between depths of 29.6 metres to 114.5 metres downhole with intervals of 6.6 metres at 0.81 per cent Cu, eight metres at 0.52 per cent Cu, and six metres at 0.40 per cent Cu.

                      DRILLING ASSAY RESULTS                                             

Drill                  From            To        Length            Cu
hole                    (m)           (m)           (m)           (%)

SE-DDH-56              61.5          67.5           6.0          0.39
SE-DDH-58              29.6          36.2           6.6          0.81
and                    70.2          78.2           8.0          0.52
and                   108.5         114.5           6.0          0.40
SE-DDH-61              10.8          12.3           1.5          1.33
SE-DDH-62              37.0          47.0          10.0          0.86
including              37.0          42.0           5.0          1.12
and                    85.0          90.0           5.0          0.39
SE-DDH-65              19.8          30.8          11.0          0.38
SE-DDH-69             112.0         130.5          18.5          0.58
SE-DDH-79              42.0          52.0          10.0          3.21
SE-DDH-80             128.5         139.0          10.5          0.29
SE-DDH-81              72.5          81.5           9.0          1.51
SE-DDH-81A             78.0          83.0           5.0          1.27
SE-DDH-83              28.0          40.0          12.0          4.28

All other drill holes not listed in the table did not return any significant economic values. All widths represent downhole core lengths and the true widths are unknown at this stage. Average grades are calculated by the average weighted length of each individual intercept over the entire length of the intercept.

Cuoro Resources president and chief executive officer Robert Sedgemore stated: "We continue to advance our exploration at the Santa Elena with both geophysical surveys and drilling. The downhole pulse EM surveys have provided significant information that has allowed us to better target our drilling. These new drill results are very encouraging and demonstrate significant mineralization throughout our property."

Drill holes SEDDH-79 and SEDDH-83 tested an off-hole geophysical anomaly that was modelled from various drill holes. The off-hole conductor is located approximately 125 metres west of the TEM-2 outcrop. Initial modelling showed a 100-metre-long conductive body parallel and near surface striking east-west. Both holes targeted the central portion of the conductor and intercepted massive sulphide mineralization less than 40 metres from surface. This massive sulphide body is currently being drilled to delineate the size and extent of the body. Drill holes SEDDH-69 and SEDDH-80 tested an off-hole geophysical anomaly that was situated in the TEM-1 area located halfway between the TEM-1 massive sulphide outcrops and the exploration tunnel. Both holes intersected semi-massive sulphide mineralization where the off-hole conductor was modelled.

Drill hole SEDDH-058 encountered three distinct zones of mineralization in the TEM-4 area. Each mineralized zone consisted of disseminated and stringer-type mineralization. The drilling to date south and west of the TEM-2 area, toward the San Julian Creek, has shown very encouraging results with intercepts of 40 to 50 metres of disseminated sulphides in some areas consisting of phyrrotite, pyrite and chalcopyrite. These intercepts indicate that the drilling program is narrowing the gap to the location of the main massive sulphide orebody/orebodies.

Exploration update

The company currently has Crone Geophysics and Exploration Ltd. on-site conducting downhole pulse EM surveys. Downhole measurements are being made at five-metre intervals to identify any possible conductive off-hole targets. The company has received results from numerous drill holes that have been surveyed. In general, results from the survey have been very good to excellent. Many of the downhole EM results display a strong correlation with mineralization -- that being outcropping massive sulphides and known mineralization at depth. The presence of geophysical anomalies spatially associated with known mineralization is extremely encouraging. Likewise, several of the conductors that have been modelled are new exploration targets. The company prioritized the geophysical anomalies based on their size and strength, and concentrated on conductors -- modelled from several different holes -- that overlapped. The company is currently drill testing these targets.

QA/QC (quality assurance/quality control)

Sampling of the diamond drilling and sample preparation were performed by Cuoro personnel and were carried out under strict protocols. Samples were taken every one metre and split in half to yield seven-to-10-kilogram samples. Drill sample recovery was generally in excess of 90 per cent. Cuoro has a rigorous QA/QC program to control the chain of custody of samples and the insertion of blanks, duplicates and certified reference standards in each batch of samples. Samples were sent to SGS in Medellin where they were dried, crushed and pulverized. After preparation of the samples they were sent to SGS in Lima and assayed. All gold assays were obtained by standard 50-gram fire assaying with AA finish. All copper, silver and zinc assays reported in the press release were obtained by four-acid dissolution followed by ICP measurement. The above information has been prepared under the supervision of Michel Rowland, PGeo, who is designated as a qualified person, and who has reviewed the information and has verified the authenticity and validity of the data.

Cuoro shareholder consent for transaction with Pacific Road Resources Fund II

Additionally, the company would like to remind all shareholders of the recent transactions accounted on May 28, 2012, with Pacific Road Resources Fund II. The board of directors of Cuoro unanimously recommends that Cuoro shareholders consent to the transactions with Pacific Road and urge all shareholders to approve the proposed transaction agreement, as fully described on SEDAR, including Pacific Road potentially becoming a control person of Cuoro under TSX Venture Exchange rules.

We seek Safe Harbor.