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 REPORTS DIRECTOR RESIGNATIONS December 03, 2013- Toronto, ON

Cuervo Resources Inc. (CNQ-IRON; FWB-CRR; "Cuervo" or the "Company") reports the resignations of Mr. Brian Cloney and Mr. William Johnson from the Board of Directors of the Company. In particular, the Company wishes to express its appreciation to Mr. Cloney for his long and valued service as a director and chair of the Audit Committee since 2007.
For further information, please contact Mr. Brian Berner, CEO and a director of the Company, at (416) 203- 3957 x 201 or Mr. Tom Berner, Investor Relations, at (416) 203-3957 x 202. Additional information about Cuervo can be found at the Company's website at www.cuervoresources,com.

The Canadian Trading and Quotation System Inc. has neither approved nor disapproved of the contents of this press release.

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