Mr. John Seaman reports

CUORO RESOURCES ANNOUNCES CHANGES AND ADDITIONS TO MANAGEMENT AND BOARD OF DIRECTORS

Cuoro Resources Corp. has appointed director John Seaman as interim president and chief executive officer. Iain Kelso, PGeo, has been promoted to vice-president of exploration, and Pablo Orsolani has been retained to serve as general manager in Colombia. The board has accepted Robert Sedgemore's resignation as president, CEO and a director of the company, and has begun a search for a full-time replacement.

Mr. Seaman commented, "The board wishes to thank Mr. Sedgemore for his service as president and CEO, and we wish Robert the best in his future endeavours."

Mr. Kelso has been appointed vice-president of exploration. Mr. Kelso has over 10 years of experience in the mineral exploration industry, with extensive experience in mineral resource estimation, National Instrument 43-101 reporting and management of exploration programs involving a variety of commodities and projects in North and South America, Africa, and Central Asia. Mr. Kelso is a qualified person under the terms defined by National Instrument 43-101 and has been living in Colombia for the past four years. Mr. Kelso has been working for the company as senior project geologist overseeing the Santa Elena exploration program since July, 2012.

In addition, the company has strengthened its Colombian operating team through the appointment of Mr. Orsolani as general manager of the company's subsidiary in Colombia. Mr. Orsolani has 30 years of experience in international business and is fluent in English and Spanish. Most recently, Mr. Orsolani was chief operating officer of Atlantis Gold and president of its Colombian operations, successfully merging the company with London Stock Exchange-listed Touchstone Gold. Previously, Mr. Orsolani was chief financial officer and director of Galway Resources, and prior to that Mr. Orsolani was involved with sale of a Jordex Resources asset to Anglo American for $65-million. Mr. Orsolani has a strong expertise in the restructuring and the optimization of businesses to unlock and create value. Mr. Orsolani holds a mechanical engineering degree from Universidad Simon Bolivar, Caracas, Venezuela; he also holds two masters from the Massachusetts Institute of Technology (MIT), an MBA from the Sloan School and a master of science in mechanical engineering.

Mr. Seaman commented: "The board welcomes these two strong executives to our management team. Mr. Kelso and Mr. Orsolani bring a wealth of knowledge and experience to Cuoro, and their experience will be extremely valuable to the company as it moves forward with its exploration plans."

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