Cerro Resources Reports Trading Halt in Australia

24.02.2011  |  Marketwired

LONGUEUIL, QUEBEC -- (Marketwire) -- 02/24/11 -- Cerro Resources NL (ASX: CJO)(TSX VENTURE: CJO) (the 'Company') has been granted a trading halt by the Australian Securities Exchange ('ASX') pending an announcement by the Company regarding a capital raising. The announcement is expected to be made before the commencement of trading on the ASX on February 25, 2011. The halt will remain in place until the earlier of the commencement of trading on the ASX on February 25, 2011 and the release of the announcement.

About Cerro Resources

Cerro Resources is a precious and base metals exploration and development company. The Company is currently focused on developing the Cerro del Gallo gold/silver project in the central state of Guanajuato, Mexico and maintains an active working focus on the Mt Isa exploration project, Queensland, Australia.

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

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:

Tony McDonald, Managing Director

Craig McPherson, Chief Financial Officer

+61 7 3252 0122


For North America, please contact:

Ms Gerri Paxton

Manager Investor Relations

514-544-2696
gpaxton@cerroresources.com