EPZ Esperanza Resources Corp.

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED
STATES OF AMERICA


Esperanza Resources Corp. (TSX VENTURE:EPZ) has closed its private placement of
units announced December 6 and 15, 2010. The placement consisted of 2,926,900
units at a price of $2.05 per unit for gross proceeds of over $6 million. Each
unit was comprised of one common share and one transferable share purchase
warrant to purchase one common share at a price of $2.75 until December 22,
2012.


The private placement (other than 208,000 units placed directly by Esperanza)
was conducted on a best efforts agency basis by a syndicate led by Salman
Partners Inc. and including Mackie Research Capital Corporation and Haywood
Securities Inc. The agents were paid a fee of 5% of the proceeds raised by them
and issued brokers' warrants to purchase that number of shares equal to 5% of
the number of units sold by them. The broker warrants are also exercisable at a
price of $2.75 until December 22, 2012.


The shares and any shares issued on exercise of the warrants are subject to a
four month restriction on transfer expiring April 23, 2011. 


About Esperanza

Esperanza is focused on advancing the development of its two principal
properties: the San Luis gold and silver joint venture in Peru and the
wholly-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. (TSX-V: CTG), owner of the Strieborna
silver/copper/antimony project in Roznava, Slovakia.


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 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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.

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