Cerro Resources NL Reports Grant of Options

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Release: 2012-11-28 09:10

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CERRO RESOURCES NL (TSXV:CJO) reports that its shareholders have approved the grant of 1,500,000 options to one of its executive officer. The options will be exercisable at a price of $0.17 until December 31, 2014.

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 focus on the Mt Isa, Queensland, region where it holds 100% of the Mt Philp haematite project as well as a continued 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.

Tony McDonald, Managing Director & CEO
+61 7 3221 7501

Craig McPherson, CFO & Company Secretary
+61 7 3221 7501

Ms. Gerri Paxton
Manager Investor Relations - North America

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