Cerro Resources Files NI 43-101 Technical Report for Its Namiquipa Silver Project

Cerro Resources NL (ASX:CJO)(TSX VENTURE:CJO) is pleased to announce that it has
filed on SEDAR, the NI43-101 Technical Report supporting the Initial Inferred
Resource announced October 24, 2012, for the 100%-owned Namiquipa Silver Project
located in Chihuahua, Mexico.


The Technical Report was prepared by Timothy Carew, B.Sc (Hons) Geology, M.Sc.
Mineral Production Management, P.Geo, an independent consultant; Bill Fleshman,
B.Sc Geology, Fellow AusIMM, Chartered Professional Geologist; and Trevor
Leahey, BSc (Hons), Member AusIMM, Chartered Professional Geologist, consultants
to Cerro.


The report is available on SEDAR and will be available on the Company's website
within 24 hours.


About Cerro Resources 

Cerro Resources is a precious and base metals exploration and development
company. The Company is currently focused on Mexico where it is developing the
Cerro del Gallo gold/silver project in the central state of Guanajuato, Mexico,
actively exploring the Namiquipa silver project in northern Mexico, and
commencing exploration on the Espiritu Santo gold/silver project in Jalisco. It
also maintains an active focus on the Mt Isa, Queensland, region where it holds
100% of the Mt Philp haematite project as well as a continued interest in the
Kalman molybdenum, rhenium, and copper project.


Additional information about the Company and its projects is available on the
Company's website at www.cerroresources.com and on SEDAR.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tony McDonald, Managing Director & CEO; or
Craig McPherson, CFO & Company Secretary
[phone]
[e-mail]