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LONGUEUIL, QUEBEC -- (Marketwire) -- 01/31/13 -- Cerro Resources NL (ASX: CJO)(TSX VENTURE: CJO) ("Cerro" or "the Company") releases its Quarterly Activities Report, including the financial statements for the quarter ending December 31, 2012.

The Quarterly Report includes information regarding the transaction with Primero Mining and exploration updates relating to Namiquipa and Espirtu Santo.

The report is available on the Company's website www.cerroresources.com and on SEDAR (www.sedar.com).

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Cerro Resources NL
Tony McDonald, Managing Director
Craig McPherson, Chief Financial Officer
+61 7 3221 7501
admin@cerroresources.com

Cerro Resources NL
Greg Germon
General Manager Investor Relations - Australia Manager
+61 2 9300 3341
greg@cerroresources.com

Cerro Resources NL
Ms. Gerri Paxton
Investor Relations - North America
+1-514-544-2696
gpaxton@cerroresources.com
www.cerroresources.com