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Last updated on April 25, 2014 at 1:22 EDT

Cordoba Minerals Outlines Exploration Plans for Cordoba Property in Colombia

May 8, 2012

VANCOUVER, May 8, 2012 /PRNewswire/ – Cordoba Minerals Corp. (“Cordoba” or the
“Company” – formerly Wesgold Minerals Inc.) (TSX-V:CDB) and Minatura
International LLC (“Minatura”) are pleased to provide an update on the
25,790 hectare Cordoba copper-gold project, located roughly 200km north
of Medellin, Colombia. Cordoba has an option to acquire a 51% interest
in the property from Minatura, by spending $15 million on exploration
and making certain cash payments, over a 30 month period (please refer
to the Company’s SEDAR filings for full details). Initial work on the
property has confirmed the presence of a highly prospective copper/gold
porphyry system exposed in artisanal workings.

The project is at an early stage, however the discovery of a robust
quartz/magnetite stockwork system hosted by porphyry intrusive and
volcanic rocks, returning significant copper-gold grades and situated
along an inferred extension of the Middle Cauca Gold Belt of Colombia,
indicates this large property has excellent potential. This belt is
known to be highly prospective for copper-gold mineralization, with
over 50 million ounces of gold being discovered in just the last five
years. The Cordoba property has never been drilled tested or seen any
methodical exploration until now.

Work completed to date includes a 1310 line kilometre regional airborne
Magnetometer and Radiometric survey covering 216 square kilometres of
the northern half of the property, and preliminary hand trenching and
rock sampling in the central target area, in and around an artisanal
open pit mine. Initial trench results in this area returned significant
values such as: 18 metres of 1.35 g/t gold with 0.54% copper; 21 metres
of 1.76 g/t gold with 0.32% copper; and 17 metres of 0.94 g/t gold with
0.69% copper (see news release of March 1(st), 2012). Soil sampling over a larger area surrounding the pit has
returned encouraging copper-gold anomalies over a 500 x 700 meter area,
which remains open to the south, northwest and east.

Outcrop exposure over this large property is limited, so soil sampling
and geophysical surveying will be key to further discoveries in the
district, as will mapping and interpretation of other artisanal
workings within the land position. The airborne geophysical survey
outlined several magnetic and radiometric features coincident with
existing geochemical anomalies, plus several distinct linear features
which may represent regional structural controls on mineralization. All
of these target areas will be followed up in due course.

The Company’s new President, Peter Thiersch, stated: “Having just
returned from my first visit to the property, I am highly encouraged by
the tenor and scale of mineralization already identified on the
property, and we are still at a very early stage of exploration. The
number of alluvial operations in the area suggests significant
potential for the district and I believe we may be situated along a
previously unrecognized extension to the highly endowed Mid Cauca Gold
Belt.”

The Cordoba property consists of three granted mining concessions, five
pending concession agreements, and five concession applications for a
total of 25,790 hectares. Exploration work is currently proceeding on a
restricted basis, consisting of low impact prospecting, soil and rock
sampling and hand trenching, until such time as concessions
applications are formally approved. The Company is not aware of any
issues which would prevent final government approval of the concessions
and shortly expects such approval. Once formal approval is received,
exploration work will ramp up to include machine trenching, additional
geophysical surveying and drilling. Environmental and water permits for
drilling are being prepared for submission now, for a phase one program
of 5,000 metres of drilling in an artisanal mining area.

Qualified Person

Cordoba’s President, Peter Thiersch, M.Sc. P.Geo. (APEGBC), is the
Company’s Qualified Person in accordance with NI 43-101, and is
responsible for the Company’s work programs and the accuracy of this
news release.

About Cordoba Minerals

Cordoba Minerals Corp. is a Vancouver-based mineral exploration company
focused on the acquisition and exploration of copper and gold projects
in Colombia.  The Company currently owns 11% of the 25,790 hectare
Cordoba project, and has an option to earn 51% from Minatura.  Please
visit our website www.cordobamineralscorp.com for additional project information.

About Minatura

Minatura International is a privately held company engaged in the
exploration, development and extraction of precious and base metals in
Colombia, Ghana, Sierra Leone and Senegal, and holds over 450,000
hectares of various hard rock and alluvial mining titles and claims in
these countries. Please visit www.minatura.com for additional information about Minatura.

ON BEHALF OF THE BOARD,

     “Peter Thiersch”
Peter Thiersch, President


Symbol: TSX-V:CDB
Shares Issued: 17.7-million

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this news release.

SOURCE Cordoba Minerals Corp.


Source: PR Newswire