SOURCE: Caerus Resource Corp

Caerus Resource Corp

March 18, 2011 11:05 ET

Caerus Resource: Buritica West Gold Project Moving Towards Drill Ready Status

VANCOUVER, BC--(Marketwire - March 18, 2011) - Caerus Resource Corporation (TSX-V: CA) ("The Company") is pleased to report on continued exploration at the Buritica West Gold Project and the Buritica North Gold Project, located in Antioquia, Colombia. The two contiguous projects totaling approximately 1,100 hectares are strategically located immediately west and north of the Continental Gold: CNL.T Buritica Gold Project. Exploration work at the Buritica Gold Project by Continental Gold has focused on two vein systems, the Yaragua and Veta Sur vein systems. Continental Gold has completed a total of 50,000 meters of underground and surface drilling at the Buritica Gold Project and plans a further 60,000 meters in 2011, according to their recent press release.

Ongoing Mobile Metallic Ion ( SGS Laboratories ) soil sampling by the Company has identified multiple anomalous zones at the Buritica West Gold Project. The zones run east west and follow a trend extension of the Yaragua and Veta Sur vein systems on the contiguous Continental Gold Buritica Gold Project. MMI sampling to date has been completed on 20 meter intervals along grid lines 100 meters apart. Infill sampling will focus in this area, with a tighter spacing of 50 meters. A ground Induced Polarity program is currently being scheduled for this zone area. The purpose of the combined sample and IP programs is to define a drill target. At the Buritica North Gold Project, a geological team is on site performing stream sediment sampling and project area reconnaissance. Two rock chip samples and 25 stream sediment samples have been forwarded to Inspectorate Laboratories in Medellin for assay. Significant placer working in gravel terraces were found in the north part of the property.

The TSX Venture Exchange has conditionally accepted the Buritica West Gold Project transaction, and the Company has issued 100,000 common shares to the vendor, which will be held in trust by the Company until final title is completed. A title opinion from Colombian counsel conducted in 2010 indicated that the vendor had complied with all the requirements of obtaining a resource title in Colombia. A recent title review by Colombian counsel indicates that the contract for title is now with the Governor of Antioquia for signature.

Caerus Resource Corporation is an aggressive exploration company with an exclusive focus on Colombia, South America. The Company has an extensive portfolio of exploration opportunities in Colombia, including the Buritica West Gold Project and the Buritica North Gold Project, the El Cafetal Gold Project and the El Pino Gold Project. Other acquisitions are currently under negotiation. Further information is available at the Company website at:
www.resourceexploration.com.

On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk / President and Chief Executive Officer
adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk at 714-316-3272 or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain " forward- looking statements " within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

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