Cerro Resources NL (ASX:CJO)(TSX VENTURE:CJO) advises that Syndicated Metals
Limited has given notice of its withdrawal from the Kalman Joint Venture
following earn-in of approximately $2.2M to date.


Cerro Resources will now consider its options in taking the Kalman project
forward. The withdrawal by Syndicated Metals does not materially impact the
Scheme of Arrangement (refer ASX announcement 22 March 2013).


Detailed information about the Company, its projects, this release in connection
with SMD and the transaction with Primero is available on the Company's website
and on SEDAR.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tony McDonald
Managing Director & CEO
+61 7 3221 7501


Craig McPherson
CFO & Company Secretary
+61 7 3221 7501
admin@cerroresources.com

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