EPZ Esperanza Resources Corp.

Esperanza Silver Corp. (TSX VENTURE:EPZ)(PINK SHEETS:ESPZF) is pleased to
announce that it has begun a new drill campaign at its wholly-owned Cerro Jumil
gold project in Morelos State, Mexico. The drill program will focus on expanding
the currently defined gold resource (News Release Oct 1, 2008:
http://www.esperanzasilver.com/release.php?R_ID=142), primarily in the Calabasas
zone. Earlier drilling has encountered gold mineralization in this area that
will now be further defined and quantified.


An additional focus of the drill program will be to upgrade resources currently
categorized as inferred to the measured and indicated categories. Also new
exploration targets in the immediate resource area will be tested. Esperanza
anticipates a minimum of 10,000 meters will be drilled during this program
adding to the 32,000 meters already completed in earlier drill campaigns.


A recently completed Preliminary Economic Assessment (News Release Sept 8, 2009:
http://www.esperanzasilver.com/release.php?R_ID=179) recommended further
metallurgical testing. Accordingly a sample has been shipped to SGS Laboratories
in Durango, Mexico and column testing to further define heap leach
characteristics will begin shortly. This will be the first in a series of
subsequent metallurgical investigations designed to further optimize the
heap-leach process parameters for use in a feasibility study.


Bill Pincus, Esperanza's President said, "We are excited to start on this new
drill program and the metallurgical testing as it now moves Cerro Jumil into the
feasibility stage of development. We expect that the results of this new work
will enhance Cerro Jumil's already considerable potential and move the project
that much closer to production."


About Esperanza

Esperanza is a gold and silver company focused on advancing the development of
its two principal properties: the 100%-owned Cerro Jumil gold project in Morelos
State, Mexico and the San Luis gold and silver joint venture in Peru. It also
holds an extensive portfolio of exploration properties in Mexico and Peru.


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 Cerro Jumil 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.


RESOURCES: The terms "measured resource", "indicated resource" and "inferred
resource" used in this news release are Canadian geological and mining terms as
defined in accordance with National Instrument 43-101, Standards of Disclosure
for Mineral Projects of the Canadian Securities Administrators under the
guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum
(the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the
CIM Council as may be amended from time to time by the CIM. Mineral resources
that are not mineral reserves do not have demonstrated economic viability. 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, indicated, and inferred categories will be converted into reserves.

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