TORONTO, Aug. 22, 2011 /CNW/ – Zaruma Resources Inc., (TSXV: ZMR), (the “Company” or “Zaruma”) today reported that an aggregate of 5,400,000 options to purchase one share of the Company at C$0.10 per share for five years have been granted to seven directors and one officer of the Company.

Zaruma is a pre-production stage Company with the Company’s wholly owned subsidiary planning to complete the development of the Luz del Cobre Copper Project in Sonora, Mexico and be in production by the second quarter of 2012.

Common shares outstanding 652,320,285. The Company’s shares also trade on the Frankfurt Stock Exchange, (trading symbol: ZMR).

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 the completion of the current financing.

Neither TSXVenture 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.