CUA

CuOro Resources Corporation (TSX VENTURE:CUA)(FRANKFURT:6BC) ("CuOro" or the
"Company") announces that it has received the final technical report from Dr.
James Franklin on the Company's 100% owned Santa Elena Project, located in the
Department of Antioquia, Colombia.


As previously reported James Franklin, Ph.D, FRSC, P.Geo., has been retained by
the Company to review the Volcanogenic Massive Sulphide (VMS) potential of the
Company's Santa Elena Property. As part of this review, Dr. Franklin conducted a
site visit in late October to the Santa Elena project and to the company's core
storage facility to analyze drill core.


During the last few months Dr. Franklin has completed a thorough interpretation
of the Santa Elena project utilizing all current drill data, geochemical assay
data, geological and structural data, and geophysical data. Emphasis was placed
on the understanding of the alteration, geochemistry, and geologic setting, in
an effort to evaluate the potential of the Santa Elena project to host VMS-style
mineralization. 


In his report Dr. Franklin's states "CuOro's Santa Elena property has two
excellent Volcanogenic Massive Sulfide (VMS) occurrences, each of which has
potential to develop into an economically significant deposit. The style of
mineralization is remarkably consistent with that with mafic-dominated, bimodal
submarine volcanic sequences, similar to those found in major districts such as
Flin Flon, Manitoba, the Kidd Creek Mine at Timmins, and the Tambo Grande
deposits (of the same age as Santa Elena) in Peru. It may be expected that the
Santa Elena district will contain several deposits, with one giant deposit
(greater than 30MT) and one or two mid-sized deposits (10-15MT) and several
smaller deposits (3-5MT each)". The Company notes there is no certainty any of
these will be discovered, or if discovered, that they will be on CuOro's
property. 


Dr. Franklin has recommended that the next phase of drilling should focus on
developing the known resources in the two areas, which will be done
systematically. In particular, the focus will be on testing the structural
models proposed for each area as all VMS deposits are stratigraphically
controlled.


Based on the exploration recommendations from Dr. Franklin, the Company has
undertaken the following: 




--  Continued drill testing of the TEM1-Knapp Exploration Tunnel target
    area, where mineralization is believed to be continuous over a distance
    of 300 meters. A fence line of drill holes will be placed in an east-
    west direction and test for mineralization. The area south and east of
    the Knapp Exploration Tunnel will be of high importance. 
--  Testing the TEM4 target area (located 650m south of the TEM1 VMS
    mineralization) by placing a fence line of drill holes that target a
    strong IP anomaly, but which also should be on strike from the high
    sulfide zone intersected in hole SEDDH-025 (6.0m @ 4.84% Cu). High
    priority will be placed on testing the downward extension of this
    sulphide intersection. 
--  A fence line of drill holes will be placed between the TEM1 and TEM4
    areas. These holes will test for the continuity and presence of the VMS
    mineralization. The TEM3 VMS outcrop is located midway between the TEM1
    and TEM4 VMS occurrences. The drill holes will also test a large N-S
    geophysical anomaly. 



The company currently has two drill rigs on site and a third drill rig is en
route to the project. To date the company has drilled approximately 8,500 meters
during its current 25,000 meter drill program.


Dr. Franklin has over 40 years of extensive geological knowledge and expertise
of mineral deposits and regional metallogeny. He serves as a Fellow of the Royal
Society of Canada, was past President of both the Geological Association of
Canada and the Society of Economic Geologists, and has served as Chief
Geoscientist of Earth Sciences Sector for the GSC. He is an adjunct professor at
Queen's University, Kingston, and Laurentian University, Sudbury. He continues
his research as a visiting research scientist and is coeditor of Exploration and
Mining Geology. 


Dr. Franklin's expertise and interpretation has helped the Company immensely to
have a better understanding of the Santa Elena massive sulphide environment and
provide guidelines for seeking further discoveries.


The above information has been prepared under the supervision of Michel Rowland,
P.Geo., who is designated as a "Qualified Person", has reviewed the information
and has verified the authenticity and validity of the data. 


For further information regarding CuOro, see CuOro's disclosure documents on
SEDAR at www.sedar.com.


On Behalf of the Board of Directors of CuOro,

Robert Sedgemore, President & CEO

Forward-Looking Statement 

Statements contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forward-looking
statements include, without limitation, possible events, statements with respect
to possible events, the future price of gold and silver, the realization of
mineral resource estimates and success of exploration activities. The words "is
expected" or "estimates" or variations of such words and phrases or statements
that certain actions, events or results "may" or "could" occur and similar
expressions identify forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by the Company as of the date of such statements, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. The estimates and assumptions of the Company
contained in this release which may prove to be incorrect, include, but are not
limited to, (1) the discovery and expansion of mineral resources on the
Company's Property being consistent with the Company's current expectations; (2)
the implementation of Colombia's mining law and related regulations and policies
being consistent with the Company's current expectations; (3) certain price
assumptions for gold and silver. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking
statements. Such factors include, but are not limited to: fluctuations in the
spot and forward price of gold or certain other commodities; changes in national
and local government legislation, taxation, controls, regulations and political
or economic developments in Canada, Colombia or other countries in which the
Company does business or may carry on business in the future; business
opportunities that may be presented to, or pursued by, the Company; operating or
technical difficulties in connection with mining activities; the speculative
nature of gold exploration and development, including the risks of obtaining
necessary licenses and permits; 

diminishing quantities or grades of reserves; and contests over title to
properties, particularly title to undeveloped properties. In addition, there are
risks and hazards associated with the business of gold exploration, development
and mining, including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins, flooding and gold bullion losses
(and the risk of inadequate insurance, or the inability to obtain insurance, to
cover these risks). Many of these uncertainties and contingencies can affect the
Company's actual results and could cause actual results to differ materially
from those expressed or implied in any forward-looking statements made by, or on
behalf of, the Company. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Forward-looking
statements are provided for the purpose of providing information about
management's expectations and plans relating to the future. All of the
forward-looking statements made in this release are qualified by these
cautionary statements and those made in our other filings with the securities
regulators in Canada. These factors are not intended to represent a complete
list of the factors that could affect the Company. Although the Company believes
that the expectations in the forward-looking statements are reasonable, actual
results may vary, and future results, levels of activity, performance or
achievements cannot be guaranteed.

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