CGW

Corazon Gold Corp. ("Corazon" or the "Company") (TSX VENTURE:CGW) is pleased to
announce that the Company elected to make the second installment payment of
US$2,500,000 pursuant to the terms of the concession agreement with Cooperativa
de Pequenos Mineros de Santo Domingo RL. A final payment of US$2,500,000 is
required by April 15, 2012 in order for Corazon to complete the acquisition of a
100% interest in the Santo Domingo concession.


Corazon is also pleased to announce the appointment of Ms. Maricruz Alvarado,
C.G.A., to the position of Chief Financial Officer, replacing Mr. Alec Peck,
C.A.. Mr. Peck will continue to advise the company in the future and his
contribution to Corazon's growth has been greatly appreciated. Ms. Alvarado will
be responsible for the accounting, financial management and regulatory affairs
of the Company. Corazon is also pleased to announce the appointment of Ms. Lynne
Crouch who will assume the position of Corporate Secretary.


Maricruz Alvarado has over 20 years experience in accounting operations and
resigned her position as CFO of a TSX listed company, with gold production of
approximately 40,000 ounces per year and 150 employees, to join Corazon. Lynne
Crouch left a very successful mining group in Vancouver to become Corazon's
Corporate Secretary. Corazon is also pleased to announce the appointment of its
new Communications Director, Ms. Ellen Iakovenko, who comes to Corazon from a
TSX-V listed gold exploration company.


The Company also announces that it has granted an aggregate of 200,000 incentive
stock options to officers and employees of the Company. Such options are subject
to the terms and conditions of the incentive stock option plan of the Company
and the policies of the TSX Venture Exchange.


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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