Esperanza Signs Surface Rights Agreement for the Cerro Jumil Gold Project
October 31 2012 - 8:00AM
Marketwired
Esperanza Resources Corp. (TSX VENTURE:EPZ)(OTCQX:ESPZF)
("Esperanza" or the "Company") today reported that the Company has
entered into a surface rights agreement (the "Agreement") for its
wholly-owned Cerro Jumil gold project ("Cerro Jumil") in Morelos
State, Mexico.
The Agreement is structured as a surface lease with the communal
landowners and has an initial term of 15 years. The Agreement
applies to substantially all of the land required for Cerro Jumil
and provides for continued exploration and development as well as
for the planned construction and operation of a mine at the
project.
Greg Smith, President and CEO, commented, "I would like to
express my appreciation to the communal landholders for their
continued support of Cerro Jumil. Further, I want to reiterate the
Company's commitment to cooperating closely with the communal
landholders and the local stakeholders generally to ensure mutual
benefit from the Company's activities in the area. This agreement
is a key step in the permitting process and in advancing Cerro
Jumil to production."
The Agreement was reached through the "Fomento a la Inversion
Publica y Privada en la Propiedad Rural" (the "FIPP program"). The
FIPP program is a voluntary federally funded and administered
government program in Mexico that encourages more efficient and
productive use of rural land, facilitates a shared investment
between rural landowners and public and private investors and
ensures legal certainty exists for all parties.
About Esperanza
Esperanza is a precious metals exploration and development
company focused on advancing its principal property, the
wholly-owned Cerro Jumil gold project in Morelos State, Mexico.
Forward-Looking Statements
Certain statements and information contained in this press
release constitute "forward-looking statements" within the meaning
of applicable U.S. securities laws and "forward-looking
information" within the meaning of applicable Canadian securities
laws, which we refer to collectively as "forward-looking
statements". The United States Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for certain forward-looking
statements. Forward-looking statements are statements and
information regarding possible events, conditions or results of
operations that are based upon assumptions about future economic
conditions and courses of action. All statements and information
other than statements of historical fact may be forward-looking
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identified by the use of words such as "seek", "expect",
"anticipate", "budget", "plan", "estimate", "continue", "forecast",
"intend", "believe", "predict", "potential", "target", "may",
"could", "would", "might", "will" and similar words or phrases
(including negative variations) suggesting future outcomes or
statements regarding an outlook. Forward-looking statements in this
and other press releases include, but are not limited to statements
and information regarding: the Company's future mining activities,
the preparation of future reports, production and mine life; and
the Company's exploration and development plans, including
anticipated costs and timing thereof; Forward-looking statements
are based on a number of material factors and assumptions and
involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements, or
industry results, to differ materially from those anticipated in
such statements. You are cautioned not to place undue reliance on
forward-looking statements contained in this press release. Some of
the known risks and other factors which could cause actual results
to differ materially from those expressed in the forward-looking
statements are described in the section entitled "Risk Factors" in
our Annual Report on Form 20-F filed with the U.S. Securities and
Exchange Commission, which is available at www.sec.gov and is filed
on SEDAR at www.sedar.com. The Company undertakes no obligation to
update or revise any forward-looking statements included in this
press release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by
applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Esperanza Resources Corp. Greg Smith President and CEO
Toll Free: 1 866 890 5509info@epzresources.com
www.epzresources.com