Discover - Develop - Deliver

Esperanza Silver Corporation is an emerging producer committed to the development of its two late-stage projects. Since startup in 2002 its geologists have discovered these two exceptional gold projects – San Luis, a joint venture in Peru and the 100%-owned Cerro Jumil in Mexico.

In addition to ongoing development at its two discoveries, Esperanza continues generating new prospects.

The Company's objective is to see its discoveries advance as efficiently as possible.  Our focus is on the countries we know best: Mexico and Peru.

Cerro Jumil, Mexico – a potential heap-leach gold project.     On October 1, 2008 the company announced the results of an independent resource estimate on its Cerro Jumil project. The deposit contains 642,000 gold equivalent ounces classified as measured and indicated plus 442,000 gold equivalent ounces classified as inferred. The project is now being advanced into a prefeasibility level of study.

San Luis, Peru – an exciting high-grade gold and silver epithermal vein system discovered through grassroots exploration. Current resources contain 485,000 gold equivalent ounces. An ongoing feasibility study is expected to be completed by the first half of 2009. San Luis is a joint venture with Silver Standard Resources which currently owns 55% and can earn up to an 80% interest by funding the property through to production. A resource estimate is expected in the final quarter of 2008. Regional exploration on the San Luis claim block has led to the discovery of porphyry-style base metal mineralization in the BP zone. This region has high potential and drilling is on-going.

Esperanza is well funded, with C$8.5 million available for exploration at the beginning of the first quarter for 2009.