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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2010) -


NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA



Esperanza Resources Corp. (TSX VENTURE:EPZ) has closed its private placement of units announced December 6 and 15, 2010. The placement consisted of 2,926,900 units at a price of $2.05 per unit for gross proceeds of over $6 million. Each unit was comprised of one common share and one transferable share purchase warrant to purchase one common share at a price of $2.75 until December 22, 2012.


The private placement (other than 208,000 units placed directly by Esperanza) was conducted on a best efforts agency basis by a syndicate led by Salman Partners Inc. and including Mackie Research Capital Corporation and Haywood Securities Inc. The agents were paid a fee of 5% of the proceeds raised by them and issued brokers' warrants to purchase that number of shares equal to 5% of the number of units sold by them. The broker warrants are also exercisable at a price of $2.75 until December 22, 2012.


The shares and any shares issued on exercise of the warrants are subject to a four month restriction on transfer expiring April 23, 2011.



About Esperanza



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