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Last updated on April 17, 2014 at 12:21 EDT

Coronado Updates Madison Operations

March 19, 2012

VANCOUVER, March 19, 2012 /PRNewswire/ – Coronado Resources Ltd. (TSX-V: CRD) reports that the Company as of date has not been able to secure a
long-term contract with the mill that has been previously processing
some of the Company’s ore into salable copper concentrates, which
previously generated cash flow and contributed to funding ongoing
operations. Under the current circumstances, Coronado is therefore
currently uncertain if further underground development work at the
Madison project will continue as a consequence of the Company’s ability
to mill sufficient quantities of ore, which will result in cash
constraints.

Coronado is now reviewing its options in regards to the future of the
Madison project and reassessing the overall forward plan and
development strategy, which could result in an outright sale of the
property or refocusing the Company’s attention to gold/copper
exploration targets identified within the claim group, provided that
additional funding can be secured.

The Madison Project is located near Silver Star, Montana in the United
States.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

The foregoing information may contain forward-looking information
relating to Coronado, including but not limited to statements with
respect to: the Company’s ability to secure a contract with a suitable
mill to process the Company’s copper ore from the Madison project; and
the Company’s overall forward plan and development strategy for the
Madison project.  Actual results may vary from the forward-looking
information contained in this news release.  Material risk factors that
could cause actual results to differ materially from the
forward-looking information contained in this news release include, but
are not limited to, the risk that: no suitable mill exists to process
the Company’s copper ore from the Madison project or that the Company
is not able to secure a contract with such a mill; the Company is
unable to complete a reassessment of its overall forward plan and
development strategy for the Madison project; any funding required for
the Company’s strategy for the Madison project cannot be obtained by
the Company. The following material factors and assumptions were used
to develop the forward-looking information contained in this news
release; that a suitable mill to process the Company’s copper ore from
the Madison project exists and that the Company can secure a contract
with such mill; that the strategy for the Madison project can be
created and that, if required, the funding necessary to execute this
strategy can be obtained by the Company. Although the Company has
attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update
any forward-looking information, except in accordance with applicable
securities laws.

SOURCE CORONADO RESOURCES LTD.


Source: PR Newswire