Esperanza Silver Corporation

Esperanza Silver Corporation

September 07, 2005 09:03 ET

Esperanza and Silver Standard Form San Luis Joint-Venture

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Esperanza Silver Corp. ("EPZ") (TSX VENTURE:EPZ) announces the formation of a joint-venture to explore the newly discovered San Luis prospect in Peru together with Silver Standard Resources Inc. ("SSO"). SSO has informed EPZ that it will, in accordance to pre-agreed terms, elect to increase its participation from 50 to 55 percent by funding the next US$500,000 in exploration work. The San Luis project results from activity arising from the previously announced prospecting agreement between the two companies (News Release March 29, 2005).

Outcrop sampling at San Luis has identified high grade zones of silver and gold. As earlier reported, channel samples along a 350 meter strike length of one vein carried as much as 78 grams of gold and 1865 grams of silver per tonne (News Release August 4, 2005). Other veins, up to six meters wide, have been discovered in the area and are currently being sampled.

Efforts are being focused on all aspects of exploration including on-going sampling and geologic mapping, establishing a camp and community relations. The Companies are also beginning the work necessary to secure all necessary drilling permits.

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

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