Esperanza Resources Corp.

Esperanza Resources Corp.

November 18, 2010 07:00 ET

Esperanza Rejects Silver Standard Proposal on San Luis Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2010) - Esperanza Resources Corp. (TSX VENTURE:EPZ) announces that it has received a proposal from Silver Standard Resources Inc. to purchase Esperanza's share of the companies' San Luis Joint Venture in Peru. Silver Standard proposed to acquire Esperanza's interest for US$20 million and a 1.5% net smelter royalty. After due consideration, Esperanza has rejected the proposal and looks forward to working with Silver Standard realizing the full value of this high-grade gold and silver deposit.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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