The Trading Floor

[Arctec]

CORONADO RESOURCES LTD.

CRD – TSX-V


Vancouver, B.C., Canada, February 15, 2007



Confirmation of Four Mineralized SKARN Zones

Underground Diamond Drill Mobilized



Coronado Resources Ltd. recently received a brief report form Mr. Thomas Evans consulting geologist and owner of Nevada based Western Geosciences Inc. Mr. Evans is also Technical Advisor for the company and acted as the on site geologist during the 2005 and 2006 diamond drill programs. His responsibilities included, drill hole locating, core logging and determination of sample intervals.



Mr. Evans has summarized that there are four distinct and separate mineralized skarn zones located on the property. As previously reported, the zones have returned excellent gold and copper assay results. Similarly the consultant presently preparing the resource calculation has verbally reported that early observations suggests that four separate mineralized skarn zones do exists as well as a massive sulfide zone.



This is in agreement with the earlier summation by company management and reported in a November 2nd 2006 news release that five zones do indeed exist.



The underground decline has reached a linear depth of 330 feet. Two underground drill stations have been established and an underground diamond drill is presently being mobilized to the property.



The company has agreed to re - price 500,000 employee options and has granted 100,000 additional options to an officer and employees all at $ 0.84 per share exercisable for a period of 2 years.



Eugene Larabie , P. Eng. Is the “qualified person” overseeing the project. For more information, please visit the company’s website at http://www.coronadoresourcesltd.com.




On Behalf of the Board



“Eugene Larabie”

Eugene Larabie , President