Cerro Resources Files Scheme Implementation Deed

Further to the announcement of December 14, 2012, a copy of the Scheme
Implementation Deed entered into between Cerro Resources NL ("Cerro")
(ASX:CJO)(TSX VENTURE:CJO) and Primero Mining Corp. ("Primero")
(TSX:P)(NYSE:PPP) has been filed on SEDAR under Cerro's profile (www.sedar.com)
and is available on Cerro's website (www.cerroresources.com).


The Scheme Implementation Deed sets out the material terms and conditions of the
transaction between Cerro and Primero. 


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 advancing 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 working focus on the Mt Isa, Queensland, region where
it is exploring the Mt Philp haematite project and it holds an interest in the
Kalman molybdenum, rhenium, and copper project.


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


About Primero 

Primero Mining Corp. is a Canadian-based precious metals producer that owns 100%
of the San Dimas gold-silver mine in Mexico. Primero is focused on delivering
superior, sustainable value for all stakeholders with low-risk exposure to
precious metals. The Company has intentions to become an intermediate producer
by building a portfolio of high quality, low cost precious metals assets in the
Americas.


Additional information about Primero and its projects is available on the
Company's website at www.primeromining.com and on SEDAR. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tony McDonald, Managing Director & CEO
Craig McPherson, CFO & Company Secretary
+61 7 3221 7501
admin@cerroresources.com
www.cerroresources.com

Cerro Resources Nl (TSXV:CJO)
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