Esperanza's Special Warrants of Global Minerals Ltd. Converted Into Shares and Warrants

Esperanza Resources Corp. ("Esperanza") (TSX VENTURE:EPZ) is pleased to announce
that, at the annual general meeting of the shareholders of Global Minerals Ltd.
(TSX.V:CTG) held on December 3, 2010, Global's shareholders overwhelmingly
approved Esperanza acquiring greater than 20% of Global's stock through the
conversion of its special warrants and thereby becoming a control person of
Global. The special warrants have been converted accordingly, and Esperanza now
holds 23,493,233 shares of Global, representing a 36.4% ownership interest in
Global, and warrants to purchase a further 2,079,951 shares.


About Esperanza

Esperanza is an emerging producer focused on advancing the development of its
two principal properties: the San Luis gold and silver joint venture in Peru and
the 100%-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 36.7%
interest in Global Minerals Ltd. owner of the Strieborna silver/copper/antimony
project in Roznava, Slovakia.


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.