May 28, 2007

The common shares of Cuervo Resources Inc. have been approved for listing on CNQ. Following the Initial Public Offering of 5 million units (one common share and one common share purchase warrant) at $0.50 per unit, there are 21.1 million common shares outstanding with a public float of 18.8 million common shares. Jones, Gable & Company Limited acted as Agent on the Offering.

Cuervo Resources, through its wholly owned subsidiary Minera Cuervo, has acquired 14 mining claims in Peru, including a contiguous block of six claims comprising the Cerro Ccopane Property. The Cerro Ccopane Property is the Company's principal and qualifying property. Previous exploration on the Property has identified the potential to support a small-scale mining operation producing a high grade magnetite concentrate and has good potential for the discovery of additional iron skarn mineralization.

Listing and disclosure documents for Cuervo Resources Inc. will be available in the CNQ Listings Disclosure Hall

Trading Date: Wednesday, May 30, 2007
Symbol: IRON
CUSIP: 22983R 10 5

Applications are being accepted for Market Makers for "IRON". If you have any questions or require further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: [email protected]