EPZ Esperanza Resources Corp.

Esperanza Resources Corp. ("Esperanza") (TSX VENTURE:EPZ) is pleased to announce
the strategic investment of $1.45 million in Global Minerals Ltd. (TSX
VENTURE:CTG) The investment will ultimately yield Esperanza a 36.4% equity
interest in Global. Global's primary asset is the Streborna silver-copper
deposit in Slovakia. This is an advanced stage exploration project. 


Bill Pincus, Esperanza's President, said, "This investments allows us to get a
firm position in a developing project that we are confident will yield excellent
results." More information on the Streiborna project can be found on Global's
website: www.globalminerals.com. 


Global raised $2,550,000 through the issuance of 23,066,667 common shares at a
price of $0.075 per share for gross proceeds of $1,730,000 and 10,933,333
special warrants at a price of $0.075 per special warrant for gross proceeds of
$820,000. Esperanza purchased 8,400,000 common shares resulting in a 19.9%
ownership interest in Global. In addition, Esperanza purchased all of the
special warrants, which will convert automatically into 10,933,333 common
shares, without payment of additional consideration, upon receipt of approval by
Global's shareholders of Esperanza becoming a 'control person' of Global
(holding a 36.4% ownership interest in Global), which approval is to be sought
at Global's Annual and Special General Meeting scheduled to be held on Friday,
December 3, 2010. If such shareholder approval is not obtained, the special
warrants will convert automatically into a non-convertible secured debenture in
the principal amount of $820,000 bearing interest at 8% per year, with a term of
18 months. Esperanza's investment was made section 2.10 of National Instrument
45-106 Prospectus and Registration Exemptions of the Canadian Securities
Administrators. Presently, Esperanza does not have any intention of acquiring
any further securities of Global, but may acquire ownership of or control over
further securities in the future depending upon market circumstances. 


Esperanza has filed an Early Warning Report with the British Columbia and
Alberta Securities Commissions in respect of the acquisition. Copies of the
Report may be obtained from SEDAR (www.sedar.com) or without charge from us.


About Esperanza

Esperanza is an emerging producer company focused on advancing the development
of its two principal properties: the San Luis gold and silver joint venture in
Peru and the 100%-owned Cerro Jumil gold project in Morelos State, Mexico. It is
also actively investigating 17 other exploration interests in Peru and Mexico. 


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.

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