CJO Cerro Resources Nl

Cerro Resources (ASX:CJO)(TSX VENTURE:CJO) - Following receipt of final
approvals from the TSX Venture Exchange, the Company has issued 33,135,517 fully
paid ordinary shares in accordance with the terms and conditions of the share
purchase plan (Plan), as initially announced on July 9, 2012. 


The Company raised a total of A$2,319,500 through the Plan.

An Appendix 3B (New Issue Announcement, application for quotation of additional
securities and agreement) can be found by accessing this release on the
Company's website.


Canadian Regulatory Statement

All shares issued under the Plan will be subject to a regulatory four month hold
period in Canada, under Canadian securities laws, expiring on December 15, 2012
and cannot be traded on the TSX Venture Exchange or be resold in Canada during
this period, unless an exemption is available from the applicable prospectus
requirements in Canada. Shares issued in Australia will be tradeable on the ASX
but will not be convertible to shares tradeable in Canada during this hold
period. The Company will implement appropriate controls with its share
registries to ensure Canadian regulatory requirements are met.


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.

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