Esperanza Silver Corporation

Esperanza Silver Corporation

January 22, 2007 11:13 ET

Esperanza Appoints Paul Bartos as Chief Geologist to Support Exploration Growth

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 22, 2007) - Esperanza Silver Corporation ("Esperanza" or "the Company") (TSX VENTURE:EPZ) is pleased to announce the appointment of Dr. Paul J. Bartos as Vice President and Chief Geologist. He will assist in overseeing its exploration activities in Mexico and South America as the Company expands its successful programs, in particular the programs at the bonanza-grade San Luis epithermal gold and silver deposit in Peru and the Cerro Jumil bulk-tonnage gold deposit in Mexico.

Dr. Bartos is a noted authority on epithermal deposits and was with ASARCO Inc. for 20 years most recently as its Latin American Exploration and Business Development Manager. Among other exploration accomplishments, he was responsible for the discovery and development of mineral resources of the San Bartolome silver deposit in Bolivia. This deposit, containing an estimated 152 million ounces of silver reserves, is now being taken into production by Coeur d'Alene Mines. Recently Dr. Bartos was Director of the Geology Museum at the Colorado School of Mines where he also earned his doctorate in geology.

In welcoming Dr. Bartos, Esperanza CEO Bill Pincus said, "I look forward to working more closely with Paul who, as a member of the Company's Executive Advisory Committee for the past two years was an early champion of the San Luis project in Peru. His support enabled the rapid advancement of this company-making discovery."

Bill Pincus continued, "Filling the position of Chief Geologist is an important step in strengthening Esperanza's management team. We want to build upon our success at San Luis and Cerro Jumil to discover and develop new silver and gold deposits as these earlier ones advance.

Dr. Bartos has been granted 100,000 incentive stock options exercisable at $3.35 per share for a period of five years.

About Esperanza

Esperanza is an exploration company focused on precious metals and is founded on the experience and success of its management and field teams in discovering orebodies. Its properties include the San Luis high-grade gold and silver discovery in central Peru and the 100%-owned Cerro Jumil bulk tonnage gold project in Morelos State, Mexico, as well as other exploration interests in Peru, Mexico and Bolivia. The Company's objective is to take properties up to the resource definition stage and then find partners to take them into production.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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