Cerro Jumil Drill Results

VANCOUVER, BC - Esperanza Resources Corp. reported recent drill results at its Cerro Jumil gold project in Morelos, Mexico. The current drill holes are in-fill and have increased confidence in the resource by upgrading previously reported inferred and indicated resources. Drill Hole DHE-12-74 intersected 25.5 meters containing 1.65 grams of gold pertonne; Drill Hole DHE-12-77 intersected two separate intervals with 31.5 meters containing 2.8 grams gold pertonne and another interval of 39.0 meters containing 0.7 grams gold per tonne; Drill Hole DHE-12-81 intersected 45.0 meters containing 1.9 grams of gold pertonne; Drill Hole DHE-12-90 intersected two separate intervals with 27.0 meters containing 1.1 grams of gold per tonne and another interval with 121.5 meters containing 1.1 grams gold pertonne.

Esperanza, together with its metallurgical consultants Lyntek Inc. and McClelland Labs Inc. has designed a feasibility-level test program. The Company has now shipped approximately 75 tonnes of metallurgical samples which includes bulk-sampling from five surface locations, large diameter core from various locations and depths of the deposit and numerous reverse-circulation drill cuttings for bottle-roll testing. In addition to the bottle-roll tests the Company will build columns from at least five bulk-surface samples and six large-diameter core samples. All samples have been shipped to McClelland laboratories in Sparks, Nevada for testing. The Company does not anticipate final test results until late in the third quarter.