Corona Gold Corporation - News Release

    TORONTO, March 2 /CNW/ - Corona Gold Corporation (CRG-TSX) announces that
it is in preliminary discussions with a third party with respect to the
possible sale of its interest in the Thunder Lake West, Thunder Lake East and
certain adjacent properties located in and around Dryden, Ontario. Corona
emphasizes that no agreement has been reached and no letter of intent or
formal agreement has been entered into in respect of the transaction and there
is no assurance that any agreement will be concluded. Corona will make further
announcements if and when circumstances warrant and in accordance with
applicable securities laws and stock exchange requirements.
    This announcement was made at the request of the Toronto Stock Exchange.

    %SEDAR: 00012331E

For further information:

For further information: Corona Gold Corporation, Murray John,
President, Tel: (416) 482-8606, Fax: (416) 488-1676

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