Discover - Develop - Deliver

Esperanza Silver Corporation is an emerging precious metals producer committed to the development of its two late-stage projects. Since startup in 2002 its geologists have discovered these two exceptional gold projects – San Luis, a joint venture in Peru and the 100%-owned Cerro Jumil in Mexico.

In addition to ongoing development at its two discoveries, Esperanza continues generating new prospects.

The Company's objective is to see its discoveries advance as quickly as possible to production.  Our focus is on the countries we know best: Mexico and Peru.

Cerro Jumil, Mexico – a potential heap-leach gold project.   On October 1, 2008 the company announced the results of an independent resource estimate on its Cerro Jumil project. The deposit contains 642,000 gold equivalent ounces classified as measured and indicated plus 442,000 gold equivalent ounces classified as inferred. On September 8, 2009 the company announced the results of a Preliminary Economic Assessment (PEA). The base case pre-tax net present value is US$46.7 million with a five percent discount rate. The internal rate of return is estimated at 19.5% using $800/oz gold. The project is now being advanced into a feasibility level of study. A 15,000 meter drill program has commenced and will continue into 2010.

San Luis, Peru – an exciting high-grade gold and silver epithermal vein system discovered through grassroots exploration. Current resources contain 485,000 gold equivalent ounces. A  "bankable" feasibility study is underway. San Luis is a joint venture with Silver Standard Resources which currently owns 55% and can earn up to an 80% interest by funding the property through to production. Regional exploration on the San Luis claim block has led to the discovery of porphyry-style base metal mineralization in the BP zone. This region has high potential for discovery of metals and exploration is on-going.

Esperanza is well funded, with over C$11 million in cash and cash equivalents available for exploration at the beginning of 2010.