Corona Gold Corporation Announces Flow-Through Financing

    TORONTO, March 25 /CNW/ - Corona Gold Corporation (CRG-TSX) announces
that it has closed a private placement of 500,000 "flow-through" common shares
at a price of $0.75 per share to raise gross proceeds of $375,000. The
proceeds of the flow-through financing will be used to fund Corona's share of
a 2008 work program on the Sugar Zone property located in the Sault Ste. Marie
Mining Division of Ontario. Corona has a 51% joint venture interest in the
Sugar Zone property with the balance being held by Harte Gold Corp. Phase I of
the work program includes an airborne survey to be flown over the entire
property, including new claims staked in 2006. The Phase II work program to be
completed later this year will include ground truthing and possible drilling
of targets identified by the airborne survey and drilling of targets
identified as being extensions of the Sugar Zone.

    %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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