CGW

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES.

Corazon Gold Corp. ("Corazon" or the "Company") (TSX VENTURE:CGW) is pleased to
announce that it has entered into an agreement with Wellington West Capital
Markets Inc. (the "Underwriter") to sell 7,500,000 common shares of the Company
(the "Common Shares") at a price of $0.67 per Common Share to raise aggregate
gross proceeds of $5,025,000 on a "bought deal", private placement basis (the
"Offering"). 


Corazon will also grant to the Underwriter an option, exercisable at any time up
to 48 hours prior to the closing of the Offering, to purchase up to 4,500,000
additional Common Shares at a price of $0.67 per Common Share for additional
gross proceeds to the Company of up to $3,015,000. 


Corazon plans to use the net proceeds from the Offering to fund further
exploration work on the Company's Santo Domingo property and for general
corporate purposes. 


The Offering is scheduled to close on or about April 12, 2011 and is subject to
certain conditions typical for a transaction of this nature and the receipt of
all necessary regulatory approvals, including the approval of the TSX Venture
Exchange.


The Common Shares to be issued pursuant to the Offering will be subject to a
four-month restricted resale period, such period to commence upon the closing of
the Offering.


This news release is not an offer of Common Shares for sale in the United
States. The Common Shares have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from registration.


About Corazon

Corazon is a Canadian-based mineral exploration company with its focus on
exploration of the 650-hectare Santo Domingo property in central Nicaragua. The
Santo Domingo property is located 125 kilometres northeast of the capital city
of Managua, Nicaragua, and 10 kilometres east of B2Gold Corp.'s La Libertad
Mine. Corazon's property is entirely surrounded by B2Gold's concession block and
has long been recognized as the original gold discovery in Nicaragua. 


The Santo Domingo - La Libertad area is a mining friendly jurisdiction, with
B2Gold Corp. operating the largest mine (open pit) in the country at La
Libertad. Until Corazon initiated work last year, no modern exploration work has
been completed on the Santo Domingo property. 


ON BEHALF OF THE BOARD

Corazon Gold CORP.

Patrick Brauckmann, President

Disclaimer for Forward-Looking Statements

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify forward-looking
statements. Forward-looking statements in this news release include statements
that: (i) an ongoing trenching and sampling program is expected to further
delineate drill targets for an initial drilling program on the Santo Domingo
property; (ii) that numerous high quality drill targets have been defined by the
mapping and sampling program and it is the Company's intent to prioritize and
test these targets in early 2011; and (iii) that the Company believes its
relationship with the community of Santo Domingo will be mutually beneficial
going forward. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the Company's control. These risks
and uncertainties include, among other things: (i) an inability by the Company
to undertake or complete its initial drilling program; (ii) any adverse
occurrences that prevent the Company from prioritizing and testing high quality
drill targets in early 2011; (iii) a breakdown in the relationship between the
Company and the community of Santo Domingo; (iv) a downturn in economic
conditions in Nicaragua or internationally; (v) the inherent uncertainties and
speculative nature associated with mineral exploration; (vi) any number of
events or causes which may delay exploration and development of the Santo
Domingo property, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems; (vii) an inability by the Company
to finance operations and growth; and (viii) other factors beyond the Company's
control. These forward-looking statements are made as of the date of this news
release and, except as required by applicable laws, the Company assumes no
obligation to update these forward-looking statements, or to update the reasons
why actual results differed from those projected in the forward-looking
statements.

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