Mr. Guy Goulet reports

CERRO DE PASCO RESOURCES ANNOUNCES UPGRADE TO OTCQX BEST MARKET

Cerro de Pasco Resources Inc. has qualified to upgrade from the OTCQB Venture Market to the OTCQX Best Market. The company will commence trading today on OTCQX under the symbol CDPMF.

"Graduating to the OTCQX Best Market enhances our visibility among U.S. investors and broadens our access to institutional capital," said Guy Goulet, chief executive officer of Cerro de Pasco Resources. "This step is consistent with our strategy to strengthen our presence in the global capital markets as we advance the development of our flagship asset in Peru."

OTCQX, the highest-level market of the OTC (over-the-counter) markets in the United States, is designed for established, investor-focused U.S. and international companies. Trading on OTCQX is expected to enhance a company's visibility and accessibility among U.S. investors. To qualify for OTCQX, companies must meet high financial reporting standards, follow best practices with respect to corporate governance and demonstrate compliance with applicable securities laws.

Along with trading on the OTCQX, common shares of Cerro de Pasco Resources will continue to trade on the TSX Venture Exchange in Canada under the symbol CDPR, the Lima Stock Exchange under the symbol CDPR and the Frankfurt Stock Exchange under the symbol N8HP, providing additional global exposure.

About Cerro de Pasco Resources Inc.

Cerro de Pasco Resources is focused on the development of its principal 100-per-cent-owned asset, the El Metalurgista mining concession, which includes the Quiulacocha tailings in central Peru. The company's approach integrates metals recovery with environmental remediation, targeting the reprocessing of one of the world's largest mineral assets.

We seek Safe Harbor.