EPZ Esperanza Resources Corp.

Esperanza Resources Corp. (TSX VENTURE:EPZ)(OTCQX:ESPZF) is pleased to announce
that it has entered into an agreement (the "Agreement") with Pucara Resources
Corp. ("Pucara") in respect of the purchase and sale of certain non-core mineral
claims in Peru that comprise the "Pucara Portfolio".


Pursuant to the terms of the Agreement Pucara will receive the Pucara Portfolio
in exchange for the payment of shares in the capital of Pucara and the retention
by Esperanza of a 1% net smelter returns royalty on the Pucara Portfolio. On
closing of the transaction, Esperanza will own approximately 10% of the
outstanding shares of Pucara.


In addition Esperanza will have the right to have a nominee put forward for
election to the board of directors of Pucara Resources. Mr. William Pincus, the
Chairman of Esperanza, is proposed as the nominee for Esperanza that will stand
for election to the board of directors of Pucara.


Pucara Resources is a privately held company incorporated in the province of
British Columbia. Mr. J. Stevens Zuker, a former executive with the Company, is
the President and Chief Executive Officer of Pucara Resources.


Greg Smith, President and CEO, commented, "The sale of these non-core properties
is consistent with our focus on advancing our Esperanza gold project to
production. Further, the Company will retain exposure to the Pucara Portfolio
through our share position and royalty, while eliminating the need for ongoing
expenditures at the properties. Pucara is well funded and led by an experienced
and highly accomplished exploration team and we look forward to participating in
their success."


The Pucara Portfolio comprises approximately 14,000 hectares of mineral
concessions in Peru. These concessions make up eight projects referred to as
Guadalupe, Lourdes, Navidad, Paucar, Capricho, Santa Lucia, Santo Tomas and
Utcucocha. All eight projects are grassroots exploration stage projects. 


About Esperanza 

Esperanza is a precious metals exploration and development company focused on
advancing its principal property, the wholly-owned Esperanza gold project
(formerly referred to as the Cerro Jumil gold project) in Morelos State, Mexico.


Information regarding the Company and the Esperanza gold project is available on
the Company's website at www.epzresources.com and under the Company's profile at
SEDAR (www.sedar.com).


Forward Looking Statements

Certain statements and information contained in this press release constitute
"forward-looking statements" within the meaning of applicable U.S. securities
laws and "forward-looking information" within the meaning of applicable Canadian
securities laws, which we refer to collectively as "forward-looking statements".
The United States Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. Forward-looking statements
are statements and information regarding possible events, conditions or results
of operations that are based upon assumptions about future economic conditions
and courses of action. All statements and information other than statements of
historical fact may be forward-looking statements. In some cases,
forward-looking statements can be identified by the use of words such as "seek",
"expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast",
"intend", "believe", "predict", "potential", "target", "may", "could", "would",
"might", "will" and similar words or phrases (including negative variations)
suggesting future outcomes or statements regarding an outlook. Forward-looking
statements in this and other press releases include, but are not limited to
statements and information regarding: the Company's exploration and development
plans, including anticipated costs and timing thereof; the Company's plans for
growth through exploration activities, acquisitions or otherwise; the granting
of stock options, and expectations regarding future maintenance and capital
expenditures, and working capital requirements. Such forward-looking statements
are based on a number of material factors and assumptions and involve known and
unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements, or industry results, to differ materially from
those anticipated in such forward-looking information. You are cautioned not to
place undue reliance on forward-looking statements contained in this press
release. Some of the known risks and other factors which could cause actual
results to differ materially from those expressed in the forward-looking
statements are described in the section entitled "Risk Factors" in our Annual
Report on Form 20-F filed with the U.S. Securities and Exchange Commission,
which is available at www.sec.gov and is filed on SEDAR at www.sedar.com. The
Company undertakes no obligation to update or revise any forward-looking
statements included in this press release if these beliefs, estimates and
opinions or other circumstances should change, except as otherwise required by
applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Esperanza Resources Corp.
Simon Venhuizen
Director, Investor Relations
604-336-8194 or Toll Free: 1-866-890-5509
simon@epzresources.com
www.epzresources.com

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