The Paraguayans enjoyed a 2-0 lead in the first half, before their opponents stormed back and went in front when Matias Lucuix scored in the 36th minute. Alcaraz managed to place his equaliser past Javier Guisande because the goalkeeper was screened by a player standing in front of him.
Paraguay, who relied on counter attacks while concentrating on defence, grabbed a 2-0 advantage by the 14th minute in a hard-fought opening half. Alcaraz struck for the Paraguayans with the game two minutes old, putting away his first goal from the middle of the box following a nice pass from Robson Fernandez. Rene Villalba took advantage of his speed in the 14th minute, beating Hernan Garcias and then Guisande.
Only three minutes later, the Argentinians sliced the lead in half. Esteban Gonzalez's shot hit the goal post, and Sebastian Corazza slotted home the rebound. After both keepers made a pair of vital saves, Argentina levelled the scores in the 35th minute. Esteban Gonzalez won possession, took on two opponents and fired home.
Only a minute later, Lucuix struck with a hard shot, before Alcaraz pulled off his 11th-hour heroics.