| ||August 29, 2006|
Orko Silver Corp. Graduates to Tier 1 Listing
| ||VANCOUVER, British Columbia - Orko Silver Corp. -- (TSX.V - OK) Orko Silver Corp. is pleased to announce that the TSX Venture Exchange has elevated the Company's listing from Tier 2 to Tier 1 status. Tier 1 is the Exchange's premier tier and is reserved for the Exchange's most advanced issuers with the most significant resources.|
Of the more than 2,000 companies listed on the TSX Venture Exchange, only approximately 300 are classified Tier 1. Orko Silver Corp. is privileged to be part of this elite category.
About Orko Silver
Orko Silver Corp. is an aggressive exploration company with an increasing silver resource. Orko Silver's principal project, La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. An independently verified NI-43-101 compliant Initial Inferred Mineral Resource Estimate, announced January 19, 2006, concluded that the property contains an Inferred Resource of 2.72 million tonnes grading 0.463 grams of gold per tonne (g/t) and 227.2 grams of silver per tonne (g/t) for a silver-equivalent grade of 255.0 g/t. Contained metal in the Inferred Resource equals 19.9 million ounces of silver and 40,400 ounces of gold for a silver-equivalent of 22.3 million ounces of silver using a 60 to 1 silver/gold ratio with no provisions for relative anticipated recovery rates. Less than 30% of the initial target has been drilled along strike and only to a true depth of 340 metres. The deposit remains open in all directions and to depth.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, contact Orko Silver Corp. at (604) 684-4691 or
via email at [email protected] or visit our website on line at www.orkosilver.com
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
*Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml .
You can view the Next News Releases item: Thu Sep 7, 2006, Orko Silver Announces 30% Increase in Resource Estimate and Discovery of New Vein on La Preciosa Project in Durango, Mexico
You can view the Previous News Releases item: Wed Aug 23, 2006, Orko's Drilling at La Preciosa Continues to Extend Zone of Mineralization
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