EPZ Esperanza Resources Corp.

Esperanza Resources Corp (TSX VENTURE:EPZ)(PINK SHEETS:ESPZF) is pleased to
provide this update on its exploration activities in Peru.


Colqui Orcco/Pucara

At the Colqui Orcco (Silver Hill) property, mapping and rock chip-channel
sampling on trenches have identified three steeply dipping clustered veins in
andesite with a cumulative strike length of 1,500 meters and widths up to 4.6 m.
High-grade silver mineralization was encountered in two of the channels sampled.
Assay results from trenches C-16 and C-17, spaced 50 m apart, include:




--  C-16 1.0 m averaging 805 g/t Ag, (this includes 0.12 m of 4,984 g/t Ag) 
    
--  C-17 1.1 m averaging 561 g/t Ag, (this includes 0.21 m of 3,806 g/t Ag) 



Fine grain mineral textures, brecciation, coalescing horse-tail structures, gold
assays up to 1 g/t, and anomalous pathfinder elements (As, Hg, and Sb) suggest
that we are at the top of a mineralized system. This property consists of 700
hectares and is located in the Cusco Department.


At the adjacent Pucara property, mapping and rock chip-channel sampling on
trenches have identified a stockwork zone of quartz veining and lenses in
dacite, with an outcropping strike length of at least 200 m and widths up to 20
m. Assay results from trenches spaced at approximately 40 meter intervals
yielded:




--  C-2 12.0 m averaging 134 g/t Ag, (this includes 1.5m of 621 g/t Ag)
    
--  C-3 2.7 m averaging 217 g/t Ag, (this includes 1.3 m of 327 g/t Ag) 
    
--  C-4 9.6 m averaging 339 g/t Ag, (this includes 2.9 m of 488 g/t Ag and
    4.4% Pb) 
    
--  C-5 15.0 m averaging 41 g/t Ag, (this includes 2.3 m of 2.18 g/t Au and
    64 g/t Ag) 
    
--  C-6 5.5 m averaging 126 g/t Ag 



This property consists of 600 hectares and is located in the Cusco Department.
The local community has been engaged and given oral permission for surface work,
we are now seeking written permission. 


The Colqui Orcco and Pucara properties are 100% owned/held by Esperanza.

Pucurana

The Pucarana property is adjacent to the prolific Orcopampa district in Arequipa
Department. This district has produced over 100 million ounces of silver and 1.5
million ounces of gold. Esperanza geologists have defined an extensive zone of
structure and rock alteration that is similar to the nearby Chipmo mine in
Orcopampa. Rock chip sampling has yielded values as high as 1.6 g/t gold. The
Company interprets that the principal zone of precious metal mineralization
should be 350-550 meters below the surface based on comparison to the Chipmo
mine. This will be tested by 2,300 meters in four drill holes.


Pucarana is a joint venture with Estrella Gold Corp (TSX-V:EST). Access and
community permissions have been granted for Colqui Orcco and Pucarana
properties. The Company is preparing applications necessary to obtain permits
for initial discovery drilling in early 2011.


About Esperanza

Esperanza is an emerging producer 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 11 other exploration interests in Peru and Mexico. In
October of 2010 it announced a strategic investment which resulted in a 36.7%
interest in Global Minerals Ltd. owner of the Strieborna silver/copper/antimony
project in Roznava, Slovakia.


Qualified Person: Mr. J. Stevens Zuker, MSc., Senior Vice President, is a
Qualified Person (QP) for the purposes of National Instrument 43-101 Standards
of Disclosure for Mineral Projects of the Canadian Securities Administrators,
and has prepared, reviewed and verified the technical information contained in
this news release. Field work has been conducted under his supervision. All
samples were submitted to SGS del Peru SAC laboratories for preparation and
analysis in Lima, Peru. Gold samples were analyzed by fire assay and AA finish
with a 30 g nominal sample weight. Silver is analyzed by ICP-OES and when silver
exceeds 100 ppm, samples are reanalyzed using an ore-grade method with a
four-acid digestion and AA finish. A description of quality control and quality
assurance protocols can be found at: http://www.epzresources.com/protocols.php


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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