significant silver drill results

CERRO RESOURCES – 9m @ 237g/t AgEq AT NAMIQUIPA, MEXICO
SIGNIFICANT SILVER/LEAD/ZINC MINERALIZATION

March 6, 2012. Cerro Resources NL (ASX/TSX-V: CJO) is pleased to announce positive results from 11 additional drill holes at the Namiquipa Silver Project, in Chihuahua, Mexico.

The results are from drilling conducted in the second half of 2011, aimed at targets beyond the main Princesa/Megan system.

Highlights Include:

- 9m @ 237g/t AgEq (NAM-60) from 195m;
- 27m @ 167g/t AgEq (NAM-57) from 332m, including 1.33% Pb and 4.03% Zn;
- 3m @ 545g/t AgEq (NAM-57) from 231m;
- 4.3m @ 440g/t AgEq (NAM-55) from 341m, including 1.1m @ 1190g/t Ag and
2.03g/t Au (gold not included in AgEq calculation);
- 3.4m @166g/t AgEq (NAM-10) from 75m;
- 5m @ 160g/t AgEq (NAM-10) from 115m.
Namiquipa