SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

May 05, 2010 08:00 ET

Alto Group Holdings Announces the Acquisition of the Los Tres Machos Property

NEW YORK, NY--(Marketwire - May 5, 2010) -  Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company") announces the acquisition of the Los Tres Machos property.

The Los Tres Machos property is a 1000 hectare gold-silver prospect located 6 kilometers NNE of Huejuquilla el Alto, near the Zacatecas/Jalisco State boundary, approximately 100 km SW of Fresnillo. The property is centered on the abandoned Los Tres Machos Mine, worked historically from the late 1500's. It is situated entirely on federal land. The property is easily accessible by all weather-surfaced roads from Huejuquilla. Electrical power is available from the national grid situated close at hand. Water is abundant in nearby streams and rivers, which is an important factor for future production infrastructure needed on commercial scale. A skilled labor pool is also available in the area within walking distance from the mine site and there are approximately 50 mining companies currently in the surrounding region.

Substantial mining activities have taken place over the Los Tres Machos Permit and there are 15 shafts of varying depths showing high-grade ore. When the Spanish Conquest began, these shafts were dug by hand using steel and the old methods of utilizing heat and cold water to fracture the rock. There are also facts which place Pancho Villa working this deposit.

Between December 2005 and May 2006 Mexican Hunter Exploration S.A. de C.V. carried out field and geological work and commissioned extensive assay testing utilizing both Mexican and Canadian assay labs to re-confirm accrete results. At present the Company has calculated a possible resource on this property of 300,000,000 tons grading 1.00 gram of Au per ton and 100 grams of Ag per ton (non NI 43-101 compliant). This property could be a world-class open pit mine with no stripping required producing as much as 10 million ounces of gold and over 1 billion ounces of Silver.

Alto Group Holdings plans to complete mapping, geo-chemical, geological, drilling and a NI 43-101 geological report on the Los Tres Machos Gold and Silver Mines. The core-drilling program, which will be started later this year, will begin to make the reserves bankable on an institutional level. The total budget is estimated at $275,000. The company is also in the process of negotiating an additional 500 hectares around Los Tres Machos for additional expansion of the exploration program planned.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Alto Group Holdings, Inc.
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Mark Daniel Klok
President and CEO

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