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PRESS RELEASE FOR IMMEDIATE RELEASE CUERVO REPORTS MASSIVE MAGNETITE IN LATEST DRILL HOLES AT CERRO CCOPANE IRON PROJECT IN PERU August 28, 2012 - Toronto, ON


Cuervo Resources Inc. (CNSX-FE; FWB-CRR; "Cuervo" or the "Company") is pleased to report the intersection of massive magnetite in results of two recently completed drill holes on the "Bob
1" target zone of its Cerro Ccopane iron project in southern Peru. The holes included are
BDH12-03 and BDH12-04. The results are similar to those encountered in the initial completed hole on the Bob 1 zone (BD12-02) which also intersected massive magnetite within 182.1 meters of iron mineralization and assayed an overall average of 39.64% Iron (Fe). Included are intersections of 20m of 52% Fe and 54m of 45.58 Fe.
Hole 03, (drilled at -60