excellent drill results

CERRO RESOURCES – 7 holes @ 200g/t+ Silver from Namiquipa, Mexico

Initial Resource Evaluation Work to Commence
June 20, 2012: Cerro Resources NL (ASX/TSX-V: CJO) is pleased to advise it has received
excellent final drill results from the Stage 1 diamond core drill campaign at the Namiquipa Silver
Project (CJO - 100%), in Chihuahua, Mexico.

HIGHLIGHTS

? Drilling has identified a broad zone of confluence between the principal Princesa and
America vein systems;
? 11 out of the 16 holes yielded silver intercepts greater than 100 g/t Ag;
? 7 holes yielded silver intercepts greater than 200 g/t Ag, including:
o 3.66m@738g/t AgEq (NAM-085) from 122.34m (654g/t Ag, 0.62% Pb and
2.43% Zn),
o 8.8m@268g/t AgEq (NAM-084) from 145.12m (255g/t Ag, 0.19% Pb and 0.32%
Zn), including 0.25m@2,397 g/t AgEq from 145.12m (2,340g/t Ag, 1%Pb and
1% Zn), and
o 4m@383g/t AgEq (NAM-078) from 148m (363g/t Ag, 0.6%Pb and 0.2% Zn).

Stage 1 drilling, comprising 86 holes, has delineated a major silver-driven system of largely
contiguous mineralized veins (Ag-Pb-Zn) encompassing 1km lateral strike, and extending from
150m below surface to 500 meters down-dip.
The drill results from this extensive system will now be incorporated into a detailed geologicalgeophysical-
geochemical model for purposes of completing an initial resource estimation during
the second half 2012.

Surface exploration, consisting of soil geochemistry and a planned Induced Polarization
geophysics, is also underway to better define the northern extension of the Namiquipa
mineralization. This will be subject of drill testing at a later stage – post the initial resource assessment.