TORONTO, March 27 /CNW/ - Zaruma Resources Inc., (TSX-ZMR), (the
"Company") today announced that it has been advised by the Toronto Stock
Exchange, ("TSX"), that after hearing a submission by the Company, TSX has
determined to defer its delisting decision until June 29, 2009.
    Since the announcement of the review by TSX on January 30, 2009, the
Company has been actively working on the implementation study of the gold
project at San Antonio, Sonora, Mexico, and has subjected the calculation of
the resources and the metallurgy, operating plan and production scheduling to
independent consultants for their review. Their reports are being reflected in
the plan.
    The current conceptual plan is for the production of approximately 25,000
ounces of gold per year, preliminarily scheduled for 3 years, from the Sapuchi
open pit, oxidized, heap leachable mineral resources located only some 800
metres from the crusher installed for the Luz del Cobre copper project.
    During the next three months the Company will be arranging the estimated
US$5 million needed to complete the leach pad and processing plant, and start
the work to bring the project into production.

    Zaruma Resources Inc. is a pre-production stage company listed on The
Toronto and Frankfurt Stock Exchanges (symbol: ZMR). Common shares currently
outstanding: 117,608,747. This News Release contains forward-looking
statements which are typically preceded by, followed by or including the words
"believes", "expects", "anticipates", "estimates", "intends", "plans" or
similar expressions. Forward-looking statements are not guarantees of future
performance as they involve risks, uncertainties and assumptions, including
securing additional funding to continue its development programs. Mineral
Resources that are not Mineral Reserves do not have demonstrated economic
viability.