Cuervo Intersects 51.70% Fe Over 361.30 M as Drilling Extends

June 9, 2008

June 9th (NewsArticle) – Cuervo Resources Inc. (IRON – CNQ, CRR – FWB), (“Cuervo” or the “Company”) reports the results from eleven new holes on its Cerro Ccopane iron ore project in southern Peru. These latest results have a weighted average iron content of 51.85% Fe over 752.05 m of sampling and include intersections of 51.70% Fe over 361.30 m in ODH – 70 (including 58.64% Fe over 170.60 m) and 53.11% Fe over 108.70 m in ODH – 72. These results, along with those from the 69 holes previously reported on, provide further confirmation of the consistent high values of iron mineralization in the Orcopura zone and extend the known strike length of mineralization from 750 m to at least 900 m. The Orcopura zone is first of the five zones identified on the wholly owned Cerro Ccopane property to be drilled. An NI 43-101-compliant resource study on the Orcopura zone of mineralization is expected to be completed this month.

TECHNICAL RESULTS

Three diamond drills are operating on the property; two drills are completing the current program at Orcopura while the third has commenced drilling on the Huillque zone. Previous results were announced in press releases dated October 22nd, October 30th, November 1st, November 15th and December 6th 2007 and January 15th, February 5th , February 12th, March 18th and May 14th, 2008 and included intersections of up to 57.31% Fe over 131.25 m (ODH – 01) and 41.29% Fe over 356.50 m (ODH – 33).

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