FOR IMMEDIATE RELEASE

CORONADO CHANGES NAME AND EFFECTUATES REVERSE SPLIT OF ITS OUTSTANDING COMMON
SHARES

July 24, 2002ay 23rd,, Las Vegas, Nevada - Coronado Explorations Ltd.
announced today that the company's corporate name has changed to Naturol
Holdings Ltd. The Company's new trading symbol is "NTUH". Further, the
Company has effectuated a 1 for 5 reverse split of all of its issued and
outstanding common stock as of the close of business on July 22, 2002.

The name change and reverse split were approved by written consent of the
majority stockholder of the Company and notice was sent to stockholders of
record as of June 24, 2002. Other items approved by the majority stockholder
included the change in the Company's reporting year-end to December 31 for
2002, the approval of a stock option plan for two million shares of common
stock, and the amendment and restatement of the Company's Bylaws. Readers are
urged to review the Company's Definitive Information Statement on Form 14C
filed with the SEC on June 28, 2002, a copy of which is available on the
SEC's website (www.sec.gov).

Naturol Holdings Ltd, through it wholly-owned subsidiary Naturol Inc., Inc.
is dedicated to becoming a global leader in the commercialization of
technology for the production of low cost, high quality extracts from natural
materials. Naturol's proprietary technologies offer a more benign and cost
effective alternative to current extraction technologies and that will
producefor the production of high quality extracts to be   for used in the
$2.4 billion dollar U.S. market for plant based pharmaceuticals,
neutraceuticals, food additives, flavors and fragrances.

Forward-Looking  Statements: Except for historical information,  the  matters
discussed  in  this  press release contain forward-looking statements,  which
involve  certain risks and uncertainties that could cause actual  results  to
differ,  including  activities,  events  or  developments  that  the  Company
expects, believes or anticipates will or may occur in the future. A number of
such  statements  are  subject to assumptions, risks and  uncertainties  that
could  cause  actual results to differ from those indicated in  the  forward-
looking  statements,  including, but not limited  to:  any  benefits  of  the
corporate  name change, the ability of the Company to become a global  leader
in  the extract industry, the benefits of the Company's technology, the  size
of  the  U.S.  extraction  market,  the competitive  environment  within  the
extraction industry, the Company's ability to continue to successfully market
and  provide  its technology, the continuation of the arrangements  with  the
Company's  testing and development partners, the ability of  the  Company  to
meet its financial projections, and general economic conditions. Readers  are
cautioned  that such statements are not guarantees of future performance  and
that  actual  results or developments may differ materially  from  those  set
forth in the forward-looking statements. The Company undertakes no obligation
to  publicly update or revise forward-looking statements whether as a  result
of new information or otherwise.


CONTACT:
Naturol Holdings Ltd.
Brad Grieco or Isaac Moss
Tel: 702 450 1600
Fax: 702 450 5790