Esperanza Resources Begins Drilling at Pucarana Project, Peru
Published : April 27, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 27, 2011) - Esperanza Resources Corp. (News - Market indicators)(PINK SHEETS:ESPZF) is pleased to announce that drilling at the Pucarana project has started. The drill plan includes 2,500 meters in 10 Diamond-drill core holes.

This project is located in the Arequipa region of southern Peru, near to the Orcopampa gold-silver mining camp. Esperanza Resources is the operator of the joint venture, held with Estrella Gold (TSX VENTURE:EST). The Pucarana project consists of two concessions, totaling 1,889 hectares Pucarana is seven (7) kilometers from the portal of the high-grade underground Chipmo mine and 15 km from the Poracota mine, which have a combined annual production of 360,000 oz of gold and 131,000 oz of silver during 2010. Pucarana is a gold-rich system consisting of quartz veins and silicified bodies together with alteration similar to that observed at the nearby Chipmo Mine. The veins and structures that are being drill tested, trend northeast toward the active underground workings of Chipmo.

Esperanza Resources can earn-in to 60% of the Pucarana Project by expending US$1.3 million and making combined cash payment(s) totaling up to US$80,000.

More information on our Pucarana and Peru exploration program can be seen on Esperanza's website at: http://www.epzresources.com/newproject_perumap.php.

About Esperanza

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. In October of 2010 it announced a strategic investment which resulted in a 35% interest in Global Minerals Ltd. (TSX VENTURE:CTG), majority owner of the Strieborná silver/copper/antimony project in Roznava, Slovakia.

QUALIFIED PERSON: Mr. J. Stevens Zuker, M.Sc., Geology and Senior Vice President, Esperanza Resources Corp. is the Qualified Person (QP) under NI 43-101 responsible for the Peru exploration program. He has verified the data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision. Gold samples were analyzed by fire assay and atomic absorption spectroscopy with a 30 g nominal sample weight. Silver is analyzed by induction coupled plasma – atomic emission spectroscopy (ICP-AES). A description of quality control and quality assurance protocols can be found at www.epzresources.com/protocols.php.

SAFE HARBOR: Some statements in this release are forward-looking in nature. The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Such statements include statements as to the potential of the Pucarana property, the ability to finance further exploration, permit drilling and other exploration work, and the availability of drill rigs.

The forward-looking statements involve risks and uncertainties and other factors that could cause actual results to differ materially, including those relating to exploration and bringing properties into production. Please refer to a discussion of some of these and other risk factors in Esperanza's Form 20-F filed with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this document constitute managements' current estimates as of the date of this release with respect to the matters covered herein. Esperanza expects that these forward-looking statements will change as new information is received and that actual results will vary, possibly in material ways. Forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change. For these reasons, investors should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Esperanza Resources Corp.
Bill Pincus
President and CEO
Toll Free: 1 866 890 5509
info@epzresources.com
www.epzresources.com
Data and Statistics for these countries : Canada | Mexico | Peru | Slovakia | All
Gold and Silver Prices for these countries : Canada | Mexico | Peru | Slovakia | All

Esperanza Resources Corp.

CODE : EPZ.V
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Esperanza Res. is a producing company based in Canada.

Esperanza Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 79.6 millions as of today (US$ 75.6 millions, € 57.2 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.25, and its lowest recent point on October 24, 2008 at CA$ 0.31.

Esperanza Res. has 78 846 000 shares outstanding.

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In the News and Medias of Esperanza Resources Corp.
4/15/2008 May Start Two Gold-Silver Mines by 2011
Annual reports of Esperanza Resources Corp.
2009 Annual Report
2007 Annual Report
Option Grants of Esperanza Resources Corp.
2/8/2008Granting of Stock Options/Director Resigns
Nominations of Esperanza Resources Corp.
9/4/2008Appoints George Elliott Director
Project news of Esperanza Resources Corp.
10/31/2012(Cerro Jumil)Signs Surface Rights Agreement for the Cerro Jumil Gold Proj...
5/22/2011(Colqui Orcco)Begins Drilling at Colqui Orcco Project, Peru
4/27/2011(Pucarana)Begins Drilling at Pucarana Project, Peru
4/20/2011(Cerro Jumil)Starts Expansion Drill Program and Begins Update of the Prel...
3/30/2011(Colqui Orcco)Esperanza Provides Exploration Update
3/1/2011(San Luis Project)to Sell San Luis, Peru Interest to Silver Standard
9/8/2009(Cerro Jumil)Cerro Jumil Preliminary Economic Assessment Very Positive
12/2/2008(San Luis Project)San Luis Gold Resources Increase by 31%
10/1/2008(Cerro Jumil)Announces Initial Cerro Jumil Gold Resource
5/28/2008(Cerro Jumil)Begins Resource Estimate, Expanded Metallurgical Testing for...
5/9/2008(San Luis Project)San Luis Project Update and New Resource Estimate to be Prep...
3/3/2008(Cerro Jumil) Discovers Potential New Gold Zone at Cerro Jumil
Corporate news of Esperanza Resources Corp.
8/30/2013Alamos Announces Closing of Esperanza Resources Acquisition
8/22/2013Acknowledges Recent Amendment to State Law in Morelos, Mexic...
8/16/2013Leading Independent Proxy Advisory Firms Recommend Esperanza...
7/12/2013Alamos Announces Friendly Acquisition of Esperanza Resources
6/10/2013Provides Update on Permitting for Esperanza Gold Project
5/28/2013Announces Execution of Definitive Agreements with Pan Americ...
5/28/2013Announces Execution of Definitive Agreements with Pan Americ...
3/13/2013Announces the Grant of Stock Options and Restricted Share Un...
2/25/2013Enters into Agreement with Pan American Silver to Acquire Th...
1/15/2013Announces Disposition of Non-Core Assets
10/16/2012Commences Trading on the OTCQX
9/11/2012(Cerro Jumil)Increases Measured and Indicated Gold Resources by 61% at th...
7/5/2011Signs Definitive Agreement to Sell San Luis Joint Venture to...
6/13/2011Corporate Update and Granting of Incentive Stock Options
2/25/2009Provides Update of Company Activities
11/25/2008at the San Francisco Hard Assets & Mines and Money London 20...
8/25/2008Confirms Base-Metal Breccia Pipe at San Luis, Peru
5/9/2008at the New York Hard Assets 2008
1/28/2008Esperanza Reports Continued Expansion of Cerro Jumil's South...
1/28/2008 Reports Continued Expansion of Cerro Jumil's Southeast Zone
3/22/2006and Silver standard extend strike length of gold-silver disc...
1/18/2006Announces New Cerro Jumil Drill Results
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