SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

January 12, 2010 16:10 ET

Alto Group Holdings Receives Assay of 47.49 Ounces per Ton Gold From Golden Arrow Vein Sample in Ghana

NEW YORK, NY--(Marketwire - January 12, 2010) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company") wishes to announce that an underground sample of the "Golden Arrow Vein" has returned an assay of 47.49 ounces per ton gold at the Alto-Ashanti Project located on the Nkwanta Concession in Ghana, West Africa.

The sample assayed at 1,579 g/t and a second check of 1,371.8 g/t for an average of 1,475.5 g/t which converts to 47.49 ounces per ton. The sample was a composite grab sample acquired following the completion of chip samples comprised of the best vein blast material and fines at the bottom of the workings. It was taken as a "best selected" sample from approximately 32 meters down the Golden Arrow adit.

The assay is not indicative of what the Golden Arrow Vein may average over the strike length but simply gives the Company an indication that when coarse visible gold is present, very high assay results may be returned.

Currently, Alto staff and geological personnel are conducting a follow up and evaluation of the Golden Arrow location with a crew of 35 people who are undertaking excavating and trenching efforts.

Alto Group Holdings, Inc. submits samples for analytical work to Transworld Laboratories Ghana located in Tarkwa, Ghana for Au fire assay.

The Company has posted an extensive photo gallery on our website at www.altomines.com and we invite stakeholders and interested parties to visit.

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.

ON BEHALF OF THE BOARD
Alto Group Holdings, Inc.
- - - - - - - - - - - - - - - - - -

Natalie Bannister
Director

Contact Information

  • Contact:
    Kevin A. Mercuri
    Propheta Communications
    212-901-6914 Ext 701
    Email Contact