EPZ Esperanza Resources Corp.

Esperanza Resources Corp. (TSX VENTURE:EPZ) ("Esperanza" or the "Company) is
pleased to announce that it has closed the previously announced private
placement of 24,000,000 special warrants ("Special Warrants") at a price of
C$1.25 per Special Warrant (the "Issue Price") for aggregate gross proceeds of
C$30 million (the "Offering"). The Offering was conducted through a syndicate of
agents co-led by Cormark Securities Inc. and National Bank Financial Inc. and
including Canaccord Genuity Corp. and Stonecap Securities Inc. (collectively,
the "Agents"). The Agents also partially exercised the Agents' option and sold
an additional 3,214,000 Special Warrants at the Issue Price for additional gross
proceeds of approximately C$4 million. As consideration for their services in
connection with the Offering, the Company has paid to the Agents a cash
commission equal to 6% of the proceeds of the Offering.


The net proceeds of the Offering will be used to advance the Cerro Jumil project
in Mexico and for general working capital purposes.


Each Special Warrant, subject to the Penalty Provision (as defined below) and
subject to adjustments in certain circumstances, will be exercisable into one
unit of the Company (the "Units"), with each Unit comprised of one common share
in the capital of the Company (a "Common Share") and one-half of one Common
Share purchase warrant (each whole Common Share purchase warrant a "Warrant") by
the holders thereof at any time following the closing of the Offering for no
additional consideration. Each Warrant will entitle the holder thereof to
purchase one Common Share of the Company (a "Warrant Share") for a period of 5
years following the closing of the Offering at an exercise price of C$1.80 per
Warrant Share.


All unexercised Special Warrants will be deemed to be exercised on the earlier
of: (a) September 25, 2012, and (b) the third business day after a receipt (the
"Final Receipt") is issued for a final prospectus (the "Prospectus") by the
securities regulatory authorities in each of the provinces of Canada, except
Quebec, qualifying the securities to be issued upon the exercise of the Special
Warrants.


The Company shall use its best efforts to obtain the Final Receipt before August
7, 2012. If the Company does not obtain the Final Receipt before August 7, 2012,
the holders of the Special Warrants will be entitled to receive 1.05 Common
Shares (in lieu of 1 Common Share) and 0.525 of a Warrant (in lieu of 0.5 of a
Warrant) upon the exercise or deemed exercise of the Special Warrants (the
"Penalty Provision").


Until the Final Receipt is obtained for the Prospectus, the Special Warrants
(and all underlying securities issuable thereunder) are subject to a four-month
plus one day statutory resale restriction period ending on September 25, 2012.


This news release is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration and any public offering of securities to be
made in the United States will be made by means of a prospectus that may be
obtained from the Company and that will contain detailed information about the
Company and management, as well as financial statements.


About Esperanza Resources Corp.

Esperanza is focused on advancing the development of its principal property, the
wholly-owned Cerro Jumil gold project in Morelos State, Mexico.


SAFE HARBOUR: Some statements in this release are forward-looking in nature. The
United States Private Securities Litigation Reform Act of 1995 provides a "safe
harbour" for certain forward-looking statements. Such statements include
statements as to the potential of the Cerro Jumil property, the commencement of
commercial production at Cerro Jumil, the corporate development of Esperanza
Resources Corp., 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. Please refer to a
discussion of some of these risk factors in Esperanza Resources Corp.'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 Resources Corp. 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.


We advise U.S. investors that while such terms are recognized and permitted
under Canadian regulations, the SEC does not recognize them. U.S. investors are
cautioned not to assume that any part or all of the mineral deposits in the
measured and indicated categories will be converted into reserves.

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