Cerro Resources Files NI 43-101 Technical Report for Its Cerro Del Gallo Gold/Silver Project

LONGUEUIL, QUEBEC -- (Marketwire) -- 07/09/12 -- Cerro Resources NL (ASX: CJO)(TSX VENTURE: CJO) is pleased to announce that it has filed on SEDAR, the NI43-101 Technical Report supporting the Feasibility Study results announced May 30, 2012, on the First Stage Heap Leach at the Cerro del Gallo Gold Silver Project, Guanajuato, Mexico.

The Technical Report was prepared by Peter Hayward, Dip. of Metallurgy, Fellow AusIMM; Timothy Carew, B.Sc (Hons) Geology, M.Sc. Mineral Production Management, P.Geo; and Thomas Dyer, B.Sc Mine Engineering, P.E., independent consultants to Cerro and John Skeet, BAppSc, Fellow AusIMM, the Company's Chief Operating Officer.

The report is available on the Company's website and on SEDAR.

About Cerro Resources

Cerro Resources is a precious and base metals exploration and development company. The Company is currently focused on Mexico where it is developing the Cerro del Gallo gold/silver project in the central state of Guanajuato, Mexico, actively exploring the Namiquipa silver project in northern Mexico, and commencing exploration on the Espiritu Santo gold/silver project in Jalisco. It also maintains an active working focus on the Mt Isa, Queensland, region where it is exploring the Mt Philp haematite project and it holds an interest in the Kalman molybdenum, rhenium, and copper project.

Additional information about the Company and its projects is available on the Company's website at www.cerroresources.com and on SEDAR.

Neither 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:

Tony McDonald, Managing Director & CEO

Craig McPherson, CFO & Company Secretary

+61 7 3221 7501
admin@cerroresources.com