EPZ Esperanza Resources Corp.

Esperanza Silver Corporation ("Esperanza") (EPZ) (TSX VENTURE:EPZ)(PINK
SHEETS:ESPZF) announces the final results of its recently completed drilling
campaign at its 100% owned Cerro Jumil gold project in Morelos State, Mexico.
Highlights of the drill results include:




--  Drill Hole RCHE-10-139A intersected 40.5 meters containing 1.7 grams of
    gold per tonne including a 9.0 meter interval containing 4.5 grams gold
    per tonne. 

--  Drill Hole RCHE-10-171 intersected 28.5 meters containing 1.5 grams gold
    per tonne. 

--  Drill Hole RCHE-10-170 intersected 82.5 meters containing 1.0 grams gold
    per tonne. 



Complete results are in the accompanying table.

All drill holes are in the Las Calabazas area. The current drill program has now
been completed with a current total of 41,750 meters in 251 holes since the
beginning of the project. The Company is now in the process of updating the
existing resource estimate for the Cerro Jumil deposit (see News Release October
1, 2008). Results of this estimate are anticipated prior to the end of the third
quarter of 2010.


Additionally, the Company has shipped a 15 tonne metallurgical sample to
McClelland Laboratories in Nevada. Advanced testing includes pilot scale column
leach testing to determine anticipated heap leach gold recoveries of different
size material including run-of-mine (or uncrushed) rock. This, combined with
other planned testing, will provide the required data for final design criteria
and environmental planning.


The drilling at Cerro Jumil is 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 in addition to the advanced metallurgical testing includes:
geotechnical analysis, environmental baseline data collection and other efforts
required to advance the project.


Esperanza also has an active community relations program and has been
successfully working with the local stakeholders as the project advances. This
effort is important to the success of the project.




---------------------------------------------------------------
                   Cerro Jumil Drill RC Holes                  
                          July 5, 2010                         
---------------------------------------------------------------
                     From        To  Interval             Grade
Hole              (meters)  (meters)   Length   (grams Au/tonne)
---------------------------------------------------------------
RCHE-10-166                No significant intervals            
---------------------------------------------------------------
---------------------------------------------------------------
(i)RCHE-10-167       48.0      75.0      25.5             0.528
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-168          64.5      72.0       7.5             0.617
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-169          49.5      73.5      24.0             1.130
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-170          13.5      96.0      82.5             0.961
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-139A          1.5      42.0      40.5             1.726
---------------------------------------------------------------
       includes      10.5      19.5       9.0             4.495
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-171           0.0      28.5      28.5             1.467
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-172         229.5     243.0      13.5             0.913
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-173         135.0     144.0       9.0             0.475
---------------------------------------------------------------
---------------------------------------------------------------
RCHE-10-174          81.0     118.5      37.5             0.983
---------------------------------------------------------------
(i) no sample from 51.0-52.5 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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