Esperanza Rejects Silver Standard Proposal on San Luis Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/18/10 -- Esperanza Resources Corp. (TSX VENTURE: EPZ) announces that it has received a proposal from Silver Standard Resources Inc. to purchase Esperanza's share of the companies' San Luis Joint Venture in Peru. Silver Standard proposed to acquire Esperanza's interest for US$20 million and a 1.5% net smelter royalty. After due consideration, Esperanza has rejected the proposal and looks forward to working with Silver Standard realizing the full value of this high-grade gold and silver deposit.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Esperanza Resources Corp.
Bill Pincus
President and CEO
Toll Free: (866) 890 5509
info@epzresources.com
www.epzresources.com