Cerro Resources NL (ASX:CJO)(TSX VENTURE:CJO) ("Cerro" or "the Company") releases its Quarterly Activities Report, including the financial statements for the quarter ending September 30, 2012. The report is available on the Company's website www.cerroresources.com and on SEDAR (www.sedar.com).

About Cerro Resources

Cerro Resources is a precious and base metals exploration and development company. The Company is currently focused on Mexico where it is developing the Cerro del Gallo gold/silver project in the central state of Guanajuato, Mexico, actively exploring the Namiquipa silver project in northern Mexico, and commencing exploration on the Espiritu Santo gold/silver project in Jalisco. It also maintains an active focus on the Mt Isa, Queensland, region where it holds 100% of the Mt Philp haematite project as well as a continued interest in the Kalman molybdenum, rhenium, and copper project.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Tony McDonald, Managing Director; or Craig McPherson, Chief Financial Officer +61 7 3221 7501admin@cerroresources.com Greg Germon General Manager Investor Relations - Australia +61 2 9300 3341greg@cerroresources.com Ms. Gerri Paxton Manager Investor Relations - North America +1-514-544-2696gpaxton@cerroresources.com

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