Esperanza Updates Cerro Jumil Project 

VANCOUVER, BC – Esperanza Resources Corp. reported an update on its Cerro Jumil, Mexico project. Over 4,000 additional meters of drilling has now been completed for a total of over 45,000 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-11-175 intersected 30.0 meters containing 1.3 grams of gold per tonne; Drill Hole RCHE-11-179 intersected 22.5 meters containing 1.13 grams gold per tonne; Drill Hole RCHE-11-192 intersected 9.0 meters containing 3.07 grams gold per tonne.

Current resources at Cerro Jumil are included in three principal Zones: Southeast, West and Las Calabazas. The drilling reported here has been concentrated in the area between the Las Calabazas and West Zones which are separated by a gap of approximately 150 meters. The results indicate that the two zones appear to have expanded toward each other. Nevertheless there are areas with only sporadic mineralization between the two zones. Current drilling is now being conducted on the southwest edge of the Las Calabazas Zone. Additional drilling will be done to further define the West Zone. Esperanza has completed a program of pilot-scale column testing at McClelland Laboratories under the supervision of Lyntek Inc. Approximately 18 tonnes of mineralized material was shipped to McClelland and used to construct three 20-foot tall columns. One column was filled with "run of mine" or uncrushed material; the other two columns were filled with material crushed to -50mm and -20mm respectively. Upon review of all test results it was determined that crushing to -50mm (approx. 1 inch) provides the best results. The Company has contracted Golder Associates to complete a PEA. This is expected in the current quarter of this year. Golder is being assisted by Lyntek Inc. on process design and Mine Development Associates on mine design. The PEA will be based on the resources announced last year. Esperanza is focused on advancing the development of its principal property, the wholly-owned Cerro Jumil gold project in Morelos State, Mexico. It is also actively investigating 11 other exploration interests in Peru and Mexico. The company’s address is 543 Granville Street, Suite 501,Vancouver, BC V6C 1X8, (604) 685-2242, fax: (604) 688-1157.