Pucara Resources Corp. agreed to acquire certain non-core mineral claims in Peru from Esperanza Resources Corp (TSXV:EPZ) for CAD 0.15 million on January 14, 2013. Pursuant to the terms of the agreement, Pucara Resources will issue 1.6 million common shares representing 10% of its outstanding shares and Esperanza will retain a 1% net smelter returns royalty on the assets being acquired.

Esperanza will have the right to have a nominee put forward for election to the Board of Directors of Pucara Resources. William Pincus, the Chairman of Esperanza, is proposed as the nominee for Esperanza that will stand for election to the Board of Directors of Pucara Resources.