Cerro Grande Mining Corporation Commences Trading on the OTCQX International

TORONTO, July 27, 2011 /PRNewswire/ - Cerro Grande Mining Corporation (the "Company" or "CEG") (TSX: CEG) (OTCQX: CEGMF) reported that its common stock began trading today on the OTCQX International under the symbol "CEGMF". OTCQX, operated by OTC Markets Group, is the highest tier of the OTC market.

OTC Markets Group Inc. (OTCQX : OTCM) operates the world's largest marketplace for broker-dealers to trade unlisted stocks. The OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest equity trading venue after NASDAQ and the New York Stock Exchange.

The Company's purpose is to build shareholder value. The trading of its shares in the U.S. as CEGMF, coupled with its listing on the Toronto Stock Exchange will allow for greater liquidity to the shares of the Company and provide the platform for greater market capitalization.

Berenbaum Weinshienk PC of Denver, Colorado will serve as the Company's Principal American Liaison ("PAL") on the OTCQX.

Cerro Grande Mining Corporation is a profitable minerals producing, exploration and development company with properties and activities currently focused in Chile. It recently announced the signing of a letter agreement which gives the Company an opportunity to acquire a majority interest in the Santa Cecilia gold/copper/silver project located in the highly prolific Maricunga Gold District of Chile.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements.  Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE Cerro Grande Mining Corporation

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