Results At Cerro Jumil Project 

VANCOUVER, BC - Esperanza Resources Corp. reported on its Cerro Jumil, Mexico project. An additional 5,566 meters of drilling has now been completed since the start of the current campaign for a project total of over 47,148 meters. The current program is designed to evaluate areas adjacent to the known resources and to fill-in those areas now classified as inferred resource. Highlights of the drill results include: Drill Hole RCHE-11-205 intersected 27.0 meterscontaining1.0 grams of gold per tonne.  Drill Hole RCHE-11-206 intersected 24.0 meters containing 1.2 grams gold per tonne.  Drill Hole RCHE-11-208intersected 21.0 meters containing 1.0 gram gold per tonne.

Drill holes RCHE-205,206 and 208 are considered to be step-out drill holes and appear to extend the Calabazas and Southeast Zones (the principal zones) of mineralization in a southwesterly direction. Skarn alteration (often related to gold mineralization) outcrops a further 400 meters southwest of these drill holes identifying an area for new exploration. These holes are the first indicating potential new mineralization in this area.

Current work is now focused on completing in-fill drilling of the West Zone and exploration of the Maiz target area. Future efforts will continue to explore the newly identified southwestern extension described above, as well as the Colotepec target.

Additionally the Company has identified a further 6 drill targets within a 10 km radius of Cerro Jumil. Work has begun on securing necessary government and community approvals to begin their exploration.

Esperanza provided the results of an Updated Preliminary Economic Assessment on September 13, 2011. According to the study completed by Golder Associates, a proposed mine would produce 103,000 gold ounces annually at a cash cost of US$499 per ounce. Initial capital, including pre-stripping, is estimated to be US$114 million. The Company will move the project into full feasibility and is now preparing a request for proposals to qualified engineering companies.

Pucarana and Colqui Orcco, Peru

Esperanza also announces that it has completed initial exploration drilling campaigns on its Pucarana and Colqui Orcco projects in Peru. Although low-grade mineralization was encountered in vein structures the company does not anticipate further drilling. It is reviewing its options in regards to the properties.

The company's address is 543 Granville Street, Suite 501, Vancouver, BC V6C 1X8, (604) 685-2242, fax: (604) 688-1157.