Esperanza Resources: Corporate Update and Granting of Incentive Stock Options

Esperanza Resources Corp. ("Esperanza" or the "Company") (TSX VENTURE:EPZ)(PINK
SHEETS:ESPZF) is pleased to announce that the annual general meeting of the
Company was held on June 8, 2011 and all resolutions were approved by the
shareholders including the sale of the San Luis minority interest to Silver
Standard Resources Inc. Four directors were nominated for re-election to the
Board - William Pincus, Brian Bayley, George Elliott and Steven Ristorcelli.


Esperanza also announces that pursuant to the Company's Stock Option Plan,
779,500 incentive stock options exercisable at a price of $1.49 per share for a
period of five years have been granted to certain officers, directors, employees
and consultants of the Company.


About Esperanza

Esperanza is focused on advancing the development of its principal property, the
wholly-owned Cerro Jumil gold project in Morelos State, Mexico. It is also
actively investigating 11 other exploration interests in Peru and Mexico. In
October of 2010 it announced a strategic investment which resulted in a 35%
interest in Global Minerals Ltd. (TSX VENTURE:CTG), majority owner of the
Strieborna silver/copper/antimony project in Roznava, Slovakia
(www.globalminerals.com).


SAFE HARBOR: Some statements in this release are forward-looking in nature. The
United States Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain forward-looking statements. Such statements include
statements as to the potential of the Cerro Jumil property, the ability to
finance further exploration, permit drilling and other exploration work, and the
availability of drill rigs.


The forward-looking statements involve risks and uncertainties and other factors
that could cause actual results to differ materially, including those relating
to exploration and bringing properties into production. Please refer to a
discussion of some of these and other risk factors in Esperanza's Form 20-F
filed with the U.S. Securities and Exchange Commission. The forward-looking
statements contained in this document constitute managements' current estimates
as of the date of this release with respect to the matters covered herein.
Esperanza expects that these forward-looking statements will change as new
information is received and that actual results will vary, possibly in material
ways. Forward-looking statements are based on the beliefs, expectations and
opinions of management on the date the statements are made, and the Company does
not assume any obligation to update forward-looking statements if circumstances
or management's beliefs, expectations or opinions should change. For these
reasons, investors should not place undue reliance on forward-looking
statements.