Esperanza Silver Corporation
TSX VENTURE : EPZ

Esperanza Silver Corporation

September 21, 2005 09:00 ET

Esperanza Silver Corp.: More High-Grade Gold and Silver at San Luis, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 21, 2005) - Esperanza Silver Corporation (TSX VENTURE:EPZ) announces that follow-up channel sampling across the principal vein at the San Luis, Peru project has returned the following results:



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Vein Width Gold Silver
Channel I.D. (meters) (grams/tn) (grams/tn)
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C-A1 4.2 40.7 1198
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C-A2 4.6 27.1 694
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C-A3 4.6 1.8 29
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C-A4 7.0 84.8 1628
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Samples were collected within the main portion of the newly-named Ayelen vein. In addition to Ayelen, four other veins have been identified and will be systematically sampled. (1)

In other related activities, Esperanza has received title to 1800 hectares of mineral concessions surrounding the vein system. It has applied for an additional 10,600 hectares surrounding the core concessions - all in areas considered prospective for new mineralization.

Bill Pincus, Esperanza's President said, "We are obviously delighted with these results and believe that they indicate a potentially major new discovery. The high-grades and considerable vein thickness combine to make this an excellent exploration target. The presence of additional veins, yet to be sampled, only adds to the projects potential."

The project is held in a 50%-50% joint-venture with Silver Standard Resources Inc. Silver Standard is currently funding the next US$500,000 on-going exploration to earn an additional five percent interest.

(1) William Pincus, M.Sc., CPG. and President, Esperanza Silver Corporation is the Qualified Person (QP) under NI 43-101 responsible for the San Luis exploration program. He has verified the data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted by Esperanza personnel under his supervision. All samples were submitted to SGS laboratories in Lima, Peru for analysis. Samples were analyzed by ICP analysis and fire assay.

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

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