Esperanza Updates Cerro Jumil Project

Esperanza Resources Corp. (TSX VENTURE:EPZ)(PINK SHEETS:ESPZF) is pleased to
provide this update on its Cerro Jumil, Mexico project. Over 4,000 additional
meters of drilling has now been completed for a total of over 45,000 meters. The
current program is designed to evaluate areas adjacent to the known resources
and to fill-in those areas now classified as inferred resource. Highlights of
the drill results include:




--  Drill Hole RCHE-11-175 intersected 30.0 meters containing 1.3 grams of
    gold per tonne. 

--  Drill Hole RCHE-11-179 intersected 22.5 meters containing 1.13 grams
    gold per tonne. 

--  Drill Hole RCHE-11-192 intersected 9.0 meters containing 3.07 grams gold
    per tonne. 



Complete results are in the accompanying table.

Current resources at Cerro Jumil are included in three principal Zones:
Southeast, West and Las Calabazas. The drilling reported here has been
concentrated in the area between the Las Calabazas and West Zones which are
separated by a gap of approximately 150 meters. The results indicate that the
two zones appear to have expanded toward each other. Nevertheless there are
areas with only sporadic mineralization between the two zones. Current drilling
is now being conducted on the southwest edge of the Las Calabazas Zone.
Additional drilling will be done to further define the West Zone.


Metallurgical Test Results 

Esperanza has completed a program of pilot-scale column testing at McClelland
Laboratories under the supervision of Lyntek Inc. Approximately 18 tonnes of
mineralized material was shipped to McClelland and used to construct three
20-foot tall columns. One column was filled with "run of mine" or uncrushed
material; the other two columns were filled with material crushed to -50mm and
-20mm respectively. Upon review of all test results it was determined that
crushing to -50mm (approx. 1 inch) provides the best results. These are
summarized in the table below:




-----------------------------------------------------
           Cerro Jumil Column Test Results           
            Simulated Heap Leach Operation           
                  -50 mm Crush Size                  
-----------------------------------------------------
Gold Recovery                                     76%
-----------------------------------------------------
Silver Recovery                                   25%
-----------------------------------------------------
CN Consumption                              0.8 kg/tn
-----------------------------------------------------
Column Dimension              20' tall by 2' diameter
-----------------------------------------------------
Leach Period                                         
(includes three "rest" cycles)               217 days
-----------------------------------------------------



The results of this test program have been used for design criteria in the
forthcoming Preliminary Economic Assessment.


Preliminary Economic Assessment (PEA)

The Company has contracted Golder Associates to complete a PEA. This is expected
in the current quarter of this year. Golder is being assisted by Lyntek Inc. on
process design and Mine Development Associates on mine design. The PEA will be
based on the resources announced last year (News Release Sept 16, 2010:
http://www.epzresources.com/release.php?R_ID=). Results from the current drill
campaign have not been used to update the resource and will not be included in
the PEA. 




--------------------------------------------------------------
               Cerro Jumil RC Drill Hole Results              
                         July 26, 2011                        
--------------------------------------------------------------
                  From         To   Interval             Grade
Hole           (meters)   (meters)    Length   (grams Au/tonne)
--------------------------------------------------------------
RCHE-11-175       58.5       88.5       30.0              1.30
--------------------------------------------------------------
RCHE-11-176              No significant intervals             
--------------------------------------------------------------
RCHE-11-177              No significant intervals             
--------------------------------------------------------------
RCHE-11-178       82.5       88.5        6.0              1.00
--------------------------------------------------------------
RCHE-11-179      151.5      174.0       22.5              1.13
--------------------------------------------------------------
RCHE-11-180              No significant intervals             
--------------------------------------------------------------
RCHE-11-181              No significant intervals             
--------------------------------------------------------------
RCHE-11-182              No significant intervals             
--------------------------------------------------------------
RCHE-11-183              No significant intervals             
--------------------------------------------------------------
RCHE-11-184              No significant intervals             
--------------------------------------------------------------
RCHE-11-185              No significant intervals             
--------------------------------------------------------------
RCHE-11-186              No significant intervals             
--------------------------------------------------------------
RCHE-11-187              No significant intervals             
--------------------------------------------------------------
RCHE-11-188       94.5       99.0        4.5              1.37
--------------------------------------------------------------
RCHE-11-189              No significant intervals             
--------------------------------------------------------------
RCHE-11-190       97.5      112.5       15.0              3.85
--------------------------------------------------------------
RCHE-11-191              No significant intervals             
--------------------------------------------------------------
RCHE-11-192       58.5       67.5        9.0              3.07
--------------------------------------------------------------
RCHE-11-193       54.0       70.5       16.5              1.14
--------------------------------------------------------------
RCHE-11-194       36.0       42.0        6.0              1.30
--------------------------------------------------------------
RCHE-11-195       79.5       90.0       10.5              2.45
--------------------------------------------------------------
RCHE-11-196       82.5       97.5       15.0              2.52
--------------------------------------------------------------
RCHE-11-197              No significant intervals             
--------------------------------------------------------------



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 31%
interest in Global Minerals Ltd. (TSX VENTURE:CTG), owner of the Strieborna
silver/copper project in Roznava, Slovakia. 


QUALIFIED PERSON: William Pincus, CPG and President, Esperanza Resources is the
Qualified Person (QP) under NI 43-101 responsible for the Cerro Jumil
exploration program. He has verified the drill results and other 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 for analysis in Vancouver, Canada. Gold samples were
analyzed by fire assay and atomic absorption spectroscopy with a 30 g nominal
sample weight. Silver is analyzed by induction coupled plasma - atomic emission
spectroscopy (ICP-AES). A description of quality control and quality assurance
protocols can be found at: http://www.epzresources.com/protocols.php.


SAFE HARBOUR: Some statements in this release are forward-looking in nature. The
United States Private Securities Litigation Reform Act of 1995 provides a "safe
harbour" 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.


The terms "measured resource", "indicated resource" and "inferred resource" used
in this news release are Canadian geological and mining terms as defined in
accordance with National Instrument 43-101, Standards of Disclosure for Mineral
Projects under the guidelines set out in the Canadian Institute of Mining,
Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral
Reserves, adopted by the CIM Council as may be amended from time to time by the
CIM. 


We advise U.S. investors that while such terms are recognized and permitted
under Canadian regulations, the SEC does not recognize them. U.S. investors are
cautioned not to assume that any part or all of the mineral deposits in the
measured and indicated categories will be converted into reserves. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.