New Cerro Jumil Project Drill Results  

VANCOUVER, BC - Esperanza Resources Corp. reported on its Cerro Jumil, Mexico project. Drill Hole RCHE-11-220 had two consecutive samples (1.5 meters each) which contained 119 and 82 grams of gold per tonnes respectively. This demonstrates that small but high grade pockets do exist. All assays are cut to a top grade of 10 grams per tonne for the calculation of the average grade of any interval as well as for resource estimation.

The current drill results include in-fill holes designed to upgrade areas of inferred resource to measured or indicated status (RCHE-11-220, 221, and 222), condemnation holes that confirm no mineralization exists in areas proposed for future mine infrastructure (RCHE-11-217, 218, 226, 227, 228), and confirmation drilling of possible extensions of known zones either to depth or along strike of the identified deposit (RCHE-11-219, 223, 224,225).

Esperanza has contracted two new drill rigs which are expected to be in place this month. These will be used for exploration drilling as well as geotechnical and metallurgical sampling to support the upcoming feasibility study.