esperanza silver is the joint venture partner in the san luis project, and silver standard also holds a stake in the company. this find is important because it gives cerro jumil a better chance of becoming an economic deposit, which in turn gives esperanza more options toward raising the capital to bring it into production:

Esperanza Silver Corp. (TSX VENTURE:EPZ - News; PINK SHEETS:ESPZF - News) 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."

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