Orko Silver Corp. - News Releases - Orko Arranges Private Placement

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	January 13, 2006 Orko Arranges Private Placement
	VANCOUVER, BRITISH COLUMBIA, Jan 13, 2006 Orko Gold Corporation ("Orko" or the "Company") (TSX VENTURE:OK) is pleased to announce that it has arranged a brokered private placement through Haywood Securities Inc. (the "Agent") of up to 3,400,000 Units, plus an over allotment option of up to a further 3,400,000 Units (the "Over Allotment") at a price of $0.30 per Unit for gross proceeds of up to $2,040,000, assuming full exercise of the Over Allotment. Each Unit consists of one common share and one whole share purchase warrant. Each whole share purchase warrant entitles the holder thereof to purchase one additional common share of the Company for a term of 12 months from the date of closing at a price of $0.40 per common share. The Company has also arranged a non-brokered private placement of up to 3,333,333 Units to raise up to $1,000,000. Upon closing of the private placement, the Agent will be paid a cash commission for Units sold by the Agent under the brokered offering. Orko will also pay to the Agent, as a corporate finance fee, 100,000 Units upon closing of the private placement. The Company has also agreed to issue to the Agent, agent's warrants (the "Agent's Warrants") representing 10% of the Units sold under the brokered offering. Each Agent's Warrant will be exercisable at $0.30 into one Unit of the Company for a term of 12 months. The Units issued on exercise of the Agent's Warrants have the same terms and conditions as the Units issued under the private placement. The offering is subject to a number of conditions including the execution of formal documentation and receipt of the applicable regulatory approvals. Orko will use the proceeds from this offering for general exploration expenses and working capital. The Company also advises that it has arranged bridge loan financing of $300,000 with interest payable at 12% per annum. In consideration of advancing the bridge financing, Orko will issue to the lender the maximum number of bonus shares permitted under the policies of the TSX Venture Exchange. ON BEHALF OF THE BOARD OF DIRECTORS Gary Cope, President

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