Caerus Resource: Exploration Update at El Cafatel Gold Mine, Colombia

Vancouver, BC - Caerus Resource Corporation (“the Company”) (TSX-V: CA) is pleased to provide this exploration update for the El Cafatel Gold Mine, located in Valparaiso Municipality, Department of Antioquia, Colombia. The 135 hectare mine lies 12 kilometers north of the Marmato disseminated gold-silver district. The project is also adjacent to the Yarumalito Project, currently under evaluation by Colombia Mines Corporation (TSX-V:CMJ ). The El Cafetál project area has a current Environmental License and valid Work Plan, and is easily accessed by paved road. The property contains extensive historical workings comprised of shallow adits and tunnels up to 170 meters in depth which access veins within the project area.

The zone of interest as presently mapped is 175 meters wide and 1,300 meters long. Contained within this zone, is a zone of stockwork and sheeted veinlet mineralization. The veins strike eastwest and are steeply dipping. The sulfide veins as exposed in the underground workings range in width from 20 centimeters to 1.5 meters. The veins are hosted by andesite with sericitic-argillic alteration halos extending from the veins, with the andesite wall rock cut by stockwork of generally broad-spaced sulfide and quartz veinlets suggestive of porphyry-style mineralization. The size of the stockwork zone as exposed through jungle cover encompasses an area approximately 230 meters in length and 125 meters in width.

As a first pass reconnaissance, the Company has cleared and opened fifteen adits/tunnels found on the property, and obtained at least one sample from each. The tunnel samples included panel samples from the back of the tunnel comprised of the space between walls, which ranged from 0.5 of a meter to 1.5 meters, as noted below. In some instances, panel samples of wall rock from within the tunnel were obtained. The following table lists the sample location, size and result. All exploration samples were collected in accordance with accepted industry best practices by a Company geologist. Samples were transported under supervision of the geologist to ACME Laboratories, Medellin Colombia, for preparation. All samples were analyzed by fire assay with ICP/AES finish at ACME Laboratories, Vancouver B.C., Canada. Systematic blanks were utilized for quality control.

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As described above, of the twenty five samples obtained, twenty three samples returned gold values greater than 0.1 gpt Au. These gold values range from 0.10 grams per tonne gold ( gpt au ) to a high of 14.7 gpt au. In several samples both copper and silver were encountered in significant amounts.

The reconnaissance sample program has established mineralization within vein structures, stockwork and breccias. The Company is initiating an extensive sample program of underground workings designed to expand the known extend of the stockwork mineralization. On surface, a project grid will be established. Samples will be taken taken every 100 meters on lines 100 meters apart. Sample and line spacing will be reduced to 50 and possibly 25 meters where warranted. The Company plans to utilize Mobile Metal Ion sampling provided by SGS Laboratories, which measures mobile metal ions in surface soils. The Company will also utilize standard sampling techniques for outcrops and roadcuts.

Chief Financial Officer Appointed

Christopher Cherry has been appointed Chief Financial Officer of Caerus Resource Corporation replacing David Camp, who has resigned as an officer of Caerus Resource Corporation in order to focus on other business matters. Mr. Camp will remain with the Company as a Director and Consultant. The Company wishes Mr. Camp well in his future ventures and we look forward to his continued participation as a Director. Mr. Cherry is a Chartered Accountant and financial controller with iO Corporate Services Ltd., and is CFO of a number of listed companies, including Mexivada Mining Corp. and MAX Resource Corp.

Mr. Paul Pelke, a consulting geologist and Qualified Person under NI-43-101 has reviewed the contents of this press release.

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Caerus Resource Corporation 8708 French Street, Suite 206 Vancouver, BC, Canada V6P 4W7 Tel: 604-218-2716 Fax: 604-569-2716 www.resourceexploration.com [email protected] Symbol: CA TSX-V

NEWS RELEASE September 13, 2010

On Behalf of the Board of Directors of Caerus Resource Corporation

Adrian F.C. Hobkirk / President and Chief Executive Officer

For further information, contact Adrian Hobkirk at 714-316-3272 or Allan Feldman at AJF Consultants Ltd., at 604-948-9663 or email: [email protected] .

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. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to : regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.