Esperanza Silver Corp. (TSX VENTURE:EPZ)(PINK SHEETS:ESPZF) announces the
results of new drilling between the Calabazas and Southwest Zones at its 100%
owned Cerro Jumil gold project in Morelos State, Mexico. Highlights of the drill
results include:




-  Drill Hole RCHE-09-111 intersected 25.5 meters containing 1.34 grams
   gold per tonne. 

-  Drill Hole RCHE-09-112 intersected 22.5 meters containing 1.09 grams of
   gold and 16.5 meters containing 1.66 grams of gold per tonne. 

-  Drill Hole RCHE-09-114 intersected 24 meters containing 1.09 grams of
   gold per tonne. 

-  Drill Hole RCHE-09-115 intersected 15.0 meters containing 1.37 grams of
   gold per tonne. 



Complete results are in the accompanying table.

Bill Pincus, Esperanza's President and CEO, commenting upon the drill results
said, "These are very positive results as the drill holes are largely contained
within the open pit defined by our recent Preliminary Economic Assessment (News
Release Sept 8, 2009). The drilling identifies new gold mineralization much of
which falls in areas previously categorized as waste or inferred resource. This
should result in not only additional resource ounces but a lowered strip ratio.


"The drilling is between the Calabazas and Southeast zones, an area adjacent to
the principal resource area and previously identified as prospective. The new
gold mineralization confirms our geologic interpretation and increases our
confidence that we will continue to find more. These are the first results of an
on-going 15,000 meter program that will continue into the second quarter of this
year. Once drilling is completed the resource model will be updated."


The drilling at Cerro Jumil is a part of a comprehensive work program
recommended by the 2009 Preliminary Economic Assessment and is designed to move
the project to the full feasibility level as rapidly as possible. Additional
work planned for 2010 includes advanced metallurgical testing, geotechnical
analysis, environmental baseline data collection and other efforts required to
advance the project.




--------------------------------------------------------------
             Cerro Jumil RC Holes - Phase 4
--------------------------------------------------------------
                    From        To  Interval             Grade
Hole             (meters)  (meters)   Length   (grams Au/tonne)
--------------------------------------------------------------
Southeast Zone
--------------------------------------------------------------
RCHE-09-103                No significant intervals
--------------------------------------------------------------
RCHE-09-104                No significant intervals
--------------------------------------------------------------
RCHE-09-105         12.0      15.0       3.0             1.120
--------------------------------------------------------------
RCHE-09-106          4.5      10.5       6.0             1.982
--------------------------------------------------------------
RCHE-09-107          6.0      15.0       9.0             1.659
--------------------------------------------------------------
RCHE-09-108                No significant intervals
--------------------------------------------------------------
RCHE-09-109                No significant intervals
--------------------------------------------------------------
RCHE-09-110                No significant intervals
--------------------------------------------------------------
RCHE-09-111          1.5      27.0      25.5             1.344
--------------------------------------------------------------
RCHE-09-112         46.5      69.0      22.5             1.092
--------------------------------------------------------------
RCHE-09-112        172.5     189.0      16.5             1.658
--------------------------------------------------------------
RCHE-09-112        204.0     214.5      10.5             1.127
--------------------------------------------------------------
RCHE-09-112        286.5     295.5       9.0             1.424
--------------------------------------------------------------
RCHE-09-112        306.0     324.0      18.0             1.358
--------------------------------------------------------------
RCHE-09-113          6.0      15.0       9.0             0.801
--------------------------------------------------------------
RCHE-09-113         96.0     129.0      33.0             0.528
--------------------------------------------------------------
 includes           96.0     106.5      10.5             0.964
--------------------------------------------------------------
RCHE-09-114         54.0      78.0      24.0             1.090
--------------------------------------------------------------
RCHE-09-114         94.5     108.0      13.5             0.539
--------------------------------------------------------------
RCHE-09-114(i)     132.0     153.0      16.5             1.274
--------------------------------------------------------------
RCHE-09-115         15.0      30.0      15.0             1.373
--------------------------------------------------------------
RCHE-09-115        121.5     133.5      12.0             0.967
--------------------------------------------------------------
RCHE-09-116         91.5     109.5      18.0             1.595
--------------------------------------------------------------

(i)RCHE-09-114 - The interval from 132.0 to 153.0 (21.0 meters)
contained a 4.5 meter interval where no material was recovered
and therefore was not included in the interval reported (16.5
meters).



About Esperanza

Esperanza is a gold and silver company focused on advancing the development of
its two principal properties: the 100%-owned Cerro Jumil gold project in Morelos
State, Mexico and the San Luis gold and silver joint venture in Peru. It also
holds an extensive portfolio of exploration properties in Mexico and Peru.


QUALIFIED PERSON: William Bond, M.Sc., Geol. and Vice President of Exploration,
Esperanza Silver Corp. 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.esperanzasilver.com/protocols.php.


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.


RESOURCES: 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 of the Canadian Securities Administrators 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. Mineral resources
that are not mineral reserves do not have demonstrated economic viability. 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, indicated, and inferred categories will be converted into reserves.
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