Caerus Resource Corporation

Caerus Resource Corporation

September 13, 2010 14:12 ET

Caerus Resource: Exploration Update at El Cafatel Gold Mine, Colombia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - Caerus Resource Corporation ("the Company") (TSX VENTURE:CA) is pleased to provide this exploration update for the El Cafatel Gold Mine, located in Valparaiso Municipality, Department of Antioquia, Colombia. The 135 hectare mine lies 12 kilometers north of the Marmato disseminated gold-silver district. The project is also adjacent to the Yarumalito Project, currently under evaluation by Colombia Mines Corporation (TSX-V: CMJ) The El Cafetál project area has a current Environmental License and valid Work Plan, and is easily accessed by paved road. The property contains extensive historical workings comprised of shallow adits and tunnels up to 170 meters in depth which access veins within the project area.

The zone of interest as presently mapped is 175 meters wide and 1,300 meters long. Contained within this zone, is a zone of stockwork and sheeted veinlet mineralization. The veins strike east-west and are steeply dipping. The sulfide veins as exposed in the underground workings range in width from 20 centimeters to 1.5 meters. The veins are hosted by andesite with sericitic-argillic alteration halos extending from the veins, with the andesite wall rock cut by stockwork of generally broad-spaced sulfide and quartz veinlets suggestive of porphyry-style mineralization. The size of the stockwork zone as exposed through jungle cover encompasses an area approximately 230 meters in length and 125 meters in width.

As a first pass reconnaissance, the Company has cleared and opened fifteen adits/tunnels found on the property, and obtained at least one sample from each. The tunnel samples included panel samples from the back of the tunnel comprised of the space between walls, which ranged from 0.5 of a meter to 1.5 meters, as noted below. In some instances, panel samples of wall rock from within the tunnel were obtained. The following table lists the sample location, size and result. All exploration samples were collected in accordance with accepted industry best practices by a Company geologist. Samples were transported under supervision of the geologist to ACME Laboratories, Medellin Colombia, for preparation. All samples were analyzed by fire assay with ICP/AES finish at ACME Laboratories, Vancouver B.C., Canada. Systematic blanks were utilized for quality control.

# Gpt Au Gpt AG % Cu   Location and Width
55 2.99 6     El Cafatel Tunnel / 22 M from entrance/one meter panel sample at end of tunnel between walls
56 0.139       La Honda Creek Short Tunnel / one meter panel sample at end of tunnel between walls
57 1.237 10     Las Cruces Tunnel / one meter panel sample of stockwork wallrock
58 1.266       Las Cruse Tunnel/ 1.25 meter panel sample of altered wallrock
59 14.7 10     Upper El Pomo Tunnel at tunnel end between walls / half meter panel sample
60 0.990 38 0.74   Lower El Pomo Tunnel at east of drift / one meter panel at end between walls
61 0.146 10     El Pomo at Tunnel at end between walls
62 0.356 6 0.1   El Pomo at Crosscut / wallrock / one half meter panel sample
63 0.768 23 0.1   Rock Outcrop in streambank / one half meter panel sample of stockwork
64 13.83 83 0.86   Volcan Tunnel 7 M from entrance / half meter panel sample of stockwork
65 1.99 11     Upper Volcan Tunnel 22 M from entrance / one meter panel sample bewteen walls
66 0.245 3     Unnamed tunnel / one meter panel sample of wallrock
67 2.8 10     La Cebrada Tunnel / tunnel 8 M from entrance / half meter panel sample
68 0.68 3     San Martin Tunnel / one meter panel sample 13 meters from entrance / wall sample
69 2.2 56 0.5   Vein outcrop outside El Pomo Tunnel entrance / 40 centimeter panel sample
70 0.1       Outcrop El Pomo Tunnel entrance/ 60 centimeter panel sample
71 1.53 137 1.6   Outcrop outside El Pomo Tunnel / one meter panel sample / vein
72 5.43 6     One meter panel sample of outcrop at roadcut
73 0.963 5     Volcan Tunnel / 3 meter panel sample of wallrock
74 0.03       Outcrop
75 0.245       Outcrop below mill
76 0.0       Outcrop
77 2.38 9     Dump sample
78 0.622 9     El Muro Tunnel 72 M from entrance/ one half meter panel sample
79 1.1 24 0.2   La Velez Tunnel 28 M from entrance / .75 meter stope sample of breccia

As described above, of the twenty five samples obtained, twenty three samples returned gold values greater than 0.1 gpt Au. These gold values range from 0.10 grams per tonne gold (gpt au) to a high of 14.7 gpt au. In several samples both copper and silver were encountered in significant amounts.

The reconnaissance sample program has established mineralization within vein structures, stockwork and breccias. The Company is initiating an extensive sample program of underground workings designed to expand the known extend of the stockwork mineralization. On surface, a project grid will be established. Samples will be taken taken every 100 meters on lines 100 meters apart. Sample and line spacing will be reduced to 50 and possibly 25 meters where warranted. The Company plans to utilize Mobile Metal Ion sampling provided by SGS Laboratories, which measures mobile metal ions in surface soils. The Company will also utilize standard sampling techniques for outcrops and roadcuts.

Chief Financial Officer Appointed

Christopher Cherry has been appointed Chief Financial Officer of Caerus Resource Corporation replacing David Camp, who has resigned as an officer of Caerus Resource Corporation in order to focus on other business matters. Mr. Camp will remain with the Company as a Director and Consultant. The Company wishes Mr. Camp well in his future ventures and we look forward to his continued participation as a Director. Mr. Cherry is a Chartered Accountant and financial controller with iO Corporate Services Ltd., and is CFO of a number of listed companies, including Mexivada Mining Corp. and MAX Resource Corp.

Mr. Paul Pelke, a consulting geologist and Qualified Person under NI-43-101 has reviewed the contents of this press release.

On Behalf of the Board of Directors of Caerus Resource Corporation

Adrian F.C. Hobkirk / President and Chief Executive Officer

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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