Valley High Ventures and Coro Mining Corp. Complete Mexican Transaction: Financial News

Valley High Ventures and Coro Mining Corp. Complete Mexican Transaction
Monday September 29, 2008 2:10 pm ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 29, 2008 -- Valley High Ventures Ltd. ("Valley High") (CDNX:VHV.V - News) and Coro Mining Corp. ("Coro") (Toronto:COP.TO - News) are pleased to announce that they have completed the transfer of all of the issued and outstanding shares of Coro's subsidiary, Coro Minera de Mexico SA de CV ("Coro Mexico"). In consideration, Coro received 8,140,353 common shares of Valley High at a deemed price of $0.25 per share. In addition, Coro has completed a private placement of 1,000,000 common shares of the Company at a deemed price of $0.25 per share.

Concurrently with the completion of the acquisition by Valley High of the shares of Coro Mexico: Valley High has agreed to settle $700,000 of existing debt by the issuance of common shares of Valley High at a deemed price of $0.30 per share for a total of 2,333,333 shares. After completion of the transaction, Coro owns 9,140,353 shares of the Company or 35.6% of the outstanding common shares of Valley High.

CORO MINING CORP.

Alan Stephens, President and CEO

VALLEY HIGH VENTURES LTD.

Robert Cameron, President and CEO

About Coro Mining Corp.:

Coro Mining Corp. was founded with the goal of building a mining company focused on medium-sized base metals deposits in Latin America. Coro intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production and it has established an experienced development and exploration team to accomplish this. Coro has two main properties; Barreal Seco, in Chile and San Jorge, in Argentina, an option to acquire the Cerro Negro copper mine in Chile, as well as other exploration properties located in Chile and Mexico.

About Valley High Ventures Ltd.:

Valley High Ventures Ltd. is a Canadian based precious and base metal exploration company with several properties, totaling approximately 10,000 hectares, located in south-central British Columbia, along the Quesnel trough and adjacent to the producing Imperial Metals Mt. Polley copper-gold-silver mine. Valley High has confirmed copper-gold mineralization, through previous drilling, and plans further exploration and development of its mineral properties in the area.

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Coro or Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.

Neither the TSX nor the TSX Venture Exchange accept responsibility for the adequacy or accuracy of this release.