CJO Cerro Resources Nl

Cerro Resources NL (ASX:CJO)(TSX VENTURE:CJO) is pleased to announce the filing
on SEDAR (www.sedar.com) of a NI43-101 Updated Technical Report supporting the
indicated and inferred mineral resource estimate for its 100%-owned Mt. Philp
Haematite Iron Prospect located in Queensland, Australia, as announced in a
press release dated January 31, 2012. 


The Updated Technical Report was prepared by Ian Heath Sandercock, B.E. (Hons)
Mining Engineering, Fellow AusIMM (CP), an independent consultant to Cerro and
Trevor Allen Leahey, BSc (Hons), Member AusIMM, Chartered Professional
Geologist, a consultant to Cerro. The report will be posted on Cerro's website
within 24 hours.


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 working focus on the Mt Isa, Queensland, region where
it is exploring the Mt Philp Haematite project and it holds an interest in the
Kalman molybdenum, rhenium, and copper project.


Additional information about the Company is available on the Company's website
at www.cerroresources.com and on SEDAR.

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