Esperanza Silver Corporation

Esperanza Silver Corporation

April 11, 2006 08:00 ET

Esperanza Extends Cerro Jumil's Southeast Gold Zone to 600 Meters

DENVER, COLORADO--(CCNMatthews - April 11, 2006) - Esperanza Silver Corporation (the "Company" or "Esperanza") (TSX VENTURE:EPZ) today announced the results of eight additional drill holes at its wholly owned Cerro Jumil gold skarn project in Morelos State, Mexico. All eight holes intersected gold mineralization, including 15.0 meters of 3.34 gpt gold and 16.0 meters of 3.60 gpt gold. Individual one-meter sample intervals spiked as high as 127 gpt and 53 gpt gold. Cerro Jumil is a bulk-tonnage prospect.

The latest drilling extends gold mineralization in the Southeast Zone an additional 270 meters for a total of 600 meters. Gold mineralization within this zone is continuous and is open along strike. Results of the eight new drill holes are summarized below(1):

Hole From To Length Grade
(meters) (meters) (meters) (gpt Au)
DHE-06-22 19.0 51.0 32.0 1.57
Includes 25.0 37.0 12.0 2.64
DHE-06-23 130.0 147.0 17.0 1.04
Includes 139.0 147.0 8.0 1.66
168.0 174.0 6.0 1.25
DHE-06-24 163.0 172.0 9.0 1.28
DHE-06-25 42.0 66.0 24.0 1.01
78.0 114.0 36.0 1.40
121.0 132.0 11.0 1.31
DHE-06-26 46.0 63.0 17.0 1.91
87.0 152.0 65.0 0.98
Includes 87.0 102.0 15.0 1.53
Includes 115.0 124.0 9.0 1.44
192.0 202.0 10.0 0.98
DHE-06-27 62.0 97.0 35.0 0.99
Includes 68.0 91.0 23.0 1.21
130.0 149.0 19.0 0.79
DHE-06-28 66.0 81.0 15.0 3.34
88.0 91.0 3.0 9.93
123.0 155.0 32.0 1.28
DHE-06-29 33.0 65.0 32.0 1.62
85.0 101.0 16.0 3.60
148.0 168.0 20.0 1.41
All samples greater than 10 gpt Au have been cut to 10 gpt prior
to calculating interval averages.

An additional two holes have been drilled along the southern extension of the Southeast Zone. Analytical results are pending.

The new results significantly add to the overall potential of the project, increasing the strike length of the two zones identified to date by 40%. Mineralization in the latest drill-holes indicates the presence of multiple, mineralized horizons in the southern portion of the deposit. This has potential to add appreciably to the deposit's tonnage.

Esperanza has drilled 31 holes in two programs since March 2005 for a total of 4,850 meters. The West Zone has a currently known length of 350 meters and the Southeast Zone, which is emerging as the main ore zone, 600 meters. Both zones are open along their strike length and will be the focus of up-coming drilling. Esperanza's geologists have also identified new potential areas of mineralization that will be tested by drilling.

Further details about the property, including maps and sections, can be found at:

About Esperanza

Esperanza is a precious metals exploration company founded on the experience and success of its management and field teams in discovering orebodies. Its properties include the 50%-owned San Luis high-grade gold and silver discovery in central Peru and the 100%-owned Cerro Jumil bulk-tonnage gold prospect in Morelos State, Mexico. It has 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.

(1) William Bond, M.Sc., Geol., President and Vice President of Exploration of Esperanza is the Qualified Person (QP) under NI 43-101 responsible for the Cerro Jumil exploration program. He has verified the data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision. All samples were submitted to ALS Chemex laboratories for sample preparation in Guadalajara, Mexico and for analysis in Vancouver, Canada. Gold samples were analyzed by fire assay and atomic absorption spectroscopy with a 30-gram nominal sample weight. A description of quality control and quality assurance protocols can be found at

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

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