Esperanza Silver Corporation
TSX VENTURE : EPZ

Esperanza Silver Corporation

August 15, 2005 09:00 ET

Esperanza Silver Corporation: La Esperanza; Channel Sampling Finds More Gold in Southeast Zone

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 15, 2005) - Esperanza Silver Corp. (TSX VENTURE:EPZ) continues to discover wide-spread gold mineralization through its on-going exploration at the La Esperanza project in Mexico. Results have been received from an additional 133 samples collected from rock outcrops in the emerging "Southeast" zone. All samples but two had detectable gold with assay values up to 5.9 grams of gold per tonne.

The samples collected include both channel and grab samples from available outcrops. Many areas are covered by soil or heavy vegetation limiting the outcrop exposure. It is possible that mineralization will continue under this cover. The company intends to trench these zones with heavy equipment as soon as possible to explore for continuity of mineralization. Channel sample results are presented below:(i)



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Channel Thickness Gold
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"Q" 12 meters 1.00 grams/tonne
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"R" 12 meters 0.19 grams/tonne
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"S" 8 meters 1.74 grams/tonne
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"T" 10 meters 1.30 grams/tonne
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"U" 12 meters 0.69 grams/tonne
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"V" 12 meters 0.04 grams/tonne
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"W" 8 meters 1.24 grams/tonne
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"X" 12 meters 0.22 grams/tonne
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"Y" 12 meters 0.87 grams/tonne
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"Z" 12 meters 0.96 grams/tonne
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The new sampling extends the Southeast zone an additional 300 meters in length now making the target area 1300 meters long by up to 220 meters wide.

In other related news, Esperanza has reached a long-term exploration agreement with the local community. The company places emphasis on maintaining good relations with all local stakeholders viewing this as a critical factor in the future success of the project.

Planned near-term activities include continued outcrop sampling and mechanized trenching and drilling during the fourth quarter of 2005. This is contingent on drill-rig availability and final approval of amended drilling permits.

"The project continues to yield excellent results. We are definitely fast-tracking the next phases of exploration. The new community agreement is a major step in our drill permit amendment. We do not anticipate any serious problems in this area. We are also reviewing proposals from various drill contractors and hope to have someone working on-site as soon as possible. Until then we will continue our outcrop sampling and eventually mechanized trenching when the permits are approved," said Bill Pincus, Esperanza's President.

(i)William Bond, M.Sc., P.Geol. and Vice President of Exploration, Esperanza Silver Corp. is the Qualified Person (QP) under NI 43-101 responsible for the La Esperanza 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 in Vancouver, Canada for analysis. Samples were analyzed by ICP analysis and in some cases atomic absorption analysis.


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