247 Major Street, Toronto, ON, M5S 2L5 Canada Tel. 416-203-3957 • Fax 416-203-4197 www.cuervoresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
CUERVO CLOSES FIRST SALE OF SURPLUS IRON RESOURCE PROPERTIES IN PERU
September 24, 2012 - Toronto, ON
Cuervo Resources Inc. (CNSX-FE; FWB-CRR; "Cuervo" or the "Company") is pleased to report the closing of the first of an expected series of non-core iron resource property sales in Peru. The sale, to Chinese interests for proceeds of US$200,000, covers two parcels totaling 160 hectares in the coastal Province of Trujillo in northern Peru.
Cuervo retains an inventory of 6,600 hectares of unexplored and unrestricted claims in Peru of which 1,400 hectares are adjacent to or in nearby districts to the parcels that have been sold. Northern Peru, of which the Province of Trujillo is part, has a long history of artisanal and small scale mining for gold. This activity has extended into iron ore production in recent years owing to sharply increased Pacific Rim demand and prices.
Given strong evident demand for prospective iron resource properties in Peru, Cuervo management will seek Board authorization for the sale of wholly-owned property interests which are not strategic to its flagship Cerro Ccopane Iron Project in south central Peru. Advanced exploration activity at the Cerro Ccopane Iron Project is currently being funded under the first of a two stage C$15 million Investment Agreement with Strike Resources Limited of Perth, Australia.
For further information, please contact Mr. Brian Berner, CEO and a Director of the Company, at 416-203-3957 ext 201 or Mr. Tom Berner, Investor Relations, at 416-203-3957 ext 202. Additional information about Cuervo can be found at the Company's website at www.cuervoresources.com.
The Canadian National Stock Exchange (CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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