Esperanza Reports Cerro Jumil SW Extension Gold Mineralization

Esperanza Resources Corp. (TSX VENTURE:EPZ)(PINKSHEETS:ESPZF) is pleased to
report its most recent drill results including the latest drilling in the
Southwest Extension area. Gold mineralization has been encountered in new drill
holes in this zone. This effectively extends the mineralization beyond the
limits of the defined resource (News Release Sept 16, 2010 -
http://www.epzresources.com/release.php?R_ID=237) and provides support to deduce
it will increase in subsequent estimates. Drilling since the last resource
estimate has extended known mineralization to the west (in the Calabazas zone)
and now to the southwest. Highlights of the recent drilling include:




--  Drill Hole RCHE-11-234 intersected 19.5 meters containing 1.1 grams of
    gold per tonne in the Southwest Extension. 

--  Drill Hole RCHE-11-232 intersected two separate intervals with 7.5
    meters containing 1.4 grams gold per tonne and another interval of 7.5
    meters containing 0.8 grams gold per tonne. 

--  Drill Hole RCHE-11-235 intersected 12.0 meters containing 1.1 grams of
    gold per tonne in the Southwest Extension. 

--  Drill Hole RCHE-11-237 intersected 12.0 meters containing 1.2 grams of
    gold per tonne in the Southwest Extension. 



Complete results are in the accompanying table and drill hole locations are
shown on the accompanying map. A detailed drill hole plan map
(www.epzresources.com) can be found on the Company's website. 


In addition to drilling the southwest extension area the Company continues to do
fill in drilling to upgrade the resource confidence. Most recent results can be
noted in the DHE (Diamond-drill) holes summarized in the accompanying table.


Esperanza now has two drill rigs turning at the Cerro Jumil project. They will
be employed in further expansion drilling, metallurgical sampling and
geotechnical sampling for pit-slope and foundation design. The Company
anticipates updating the Cerro Jumil resource estimate in the second half of
this year ahead of the completion of a definitive feasibility study.


Feasibility Metallurgical Sampling Underway

Esperanza, together with its metallurgical consultants Lyntek Inc. and
McClelland Labs Inc. has designed a feasibility-level test program. The Company
is now in the process of sample collection which includes bulk-sampling from
five surface locations, drilling of large diameter core from various locations
and depths of the deposit and collecting numerous reverse-circulation drill
cuttings for bottle-roll testing. In addition to the bottle-roll tests the
Company will build columns from at least five bulk-surface samples and six
large-diameter core samples. All samples will be shipped to McClelland
laboratories in Sparks, Nevada for testing. 


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 27%
interest in Global Minerals Ltd. (TSX VENTURE:CTG), owner of the Strieborna
silver/copper project in Roznava, Slovakia. 


QUALIFIED PERSON: William Bond, CPG and Vice-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.


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.




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                          Cerro Jumil Drill Results                         
                                  26-Mar-12                                 
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                        From           To     Interval                 Grade
Drill Hole          (meters)     (meters)     (meters)   (grams gold/ tonne)
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RCHE-11-229              No significant intervals-condemnation hole         
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RCHE-11-230                       No significant intervals                  
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RCHE-11-231            255.0        267.0         12.0                  0.54
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RCHE-11-231            327.0        357.0         30.0                  0.45
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RCHE-11-231            384.0        400.5         16.5                  0.64
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RCHE-11-232            105.0        112.5          7.5                  0.79
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RCHE-11-232            154.5        162.0          7.5                  1.43
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RCHE-11-233            211.5        229.5         18.0                  0.37
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RCHE-11-234             66.0         85.5         19.5                  1.11
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RCHE-11-235            126.0        138.0         12.0                  1.10
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RCHE-11-236             88.5        117.0         28.5                  0.42
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RCHE-11-237            165.0        177.0         12.0                  1.15
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DHE-12-67                7.5         46.5         39.0                  1.22
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DHE-12-67               72.0         79.5          7.5                  1.19
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DHE-12-67               96.0        105.0          9.0                  0.85
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DHE-12-67              115.5        126.0         10.5                  0.93
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DHE-12-68               18.0         31.5         13.5                  1.29
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DHE-12-68               48.0         54.0          6.0                  1.48
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DHE-12-69               39.0         49.5         10.5                  1.10
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DHE-12-69               61.5         73.5         12.0                  1.38
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DHE-12-70               22.5         46.5         24.0                  0.79
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DHE-12-71               33.0         40.5          7.5                  2.10
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DHE-12-71              124.5        132.0          7.5                  1.19
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DHE-12-72              169.5        178.5          9.0                  2.25
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DHE-12-72              189.0        214.5         25.5                  0.41
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DHE-12-73                7.5         18.0         10.5                  1.12
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DHE-12-73              120.0        144.0         24.0                  1.63
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To view the Figure associated with this release, please click:
http://media3.marketwire.com/docs/epz326_F1.pdf.
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