Alto Ventures Ltd.

Alto Ventures Ltd.

January 11, 2005 09:30 ET

Alto Ventures Ltd.: Drilling Commences on Despinassy Gold Project, Quebec


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ALTO VENTURES LTD.

TSX VENTURE SYMBOL: ATV

JANUARY 11, 2005 - 09:30 ET

Alto Ventures Ltd.: Drilling Commences on Despinassy
Gold Project, Quebec

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2005) - Alto
Ventures Ltd. (TSX VENTURE:ATV)

Joint Venture partners Alto Ventures Ltd. and Commander Resources Ltd.
(TSX VENTURE:CMD) are pleased to announce the commencement of a planned
5,000 metre drill program on the Despinassy gold property, located
approximately 75 kilometres north of Val D'Or, Quebec in the Abitibi
greenstone belt.

The principal objective is to commence definition of an inferred
resource at shallow depths, through infill drilling of gold zones
discovered by the previous operator, Cameco Corporation ("Cameco"), from
1998 to 2001. Cameco intersected several zones of mineralization with
assays up to 26.1 grams gold per tonne over 3.1 metres and thicker
intervals with grades greater than 5 grams gold per tonne over 9.7
metres.

Gold mineralization has been intersected by drilling over a 5 kilometre
strike length within an intensely altered shear corridor traceable for
10 kilometres across the Despinassy property. A second objective of the
initial program will be testing of several Gradient IP anomalies that
were identified along the shear system by a geophysical program
conducted in the fall of 2004.

The property is owned under a Joint Venture Agreement between Cameco
(70%) and Commander (30%). Alto is acquiring Cameco's 70% interest in
the joint venture and is the operator. Under the terms of an agreement
with Alto, Commander's interest will be carried for the first $500,000
of the planned program. Mike Koziol, P.Geo., P.Eng., Alto's Vice
President of Exploration is the qualified person supervising the drill
program.

About Alto Ventures Ltd.

Alto is a gold exploration and development company with a portfolio of
mid to advanced stage exploration properties in the Canadian Shield. The
Company is focused on exploration and acquisition of mineral properties
in the Abitibi greenstone belt in Ontario and Quebec as well as in
historic gold producing districts in the western Superior Province of
Ontario and Manitoba.

ON BEHALF OF THE BOARD:

Rick Mazur, President & CEO

Alto Ventures Ltd.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Alto Ventures Ltd.
    Rick Mazur
    President & CEO
    (604) 681-2409
    (604) 689-3609 (FAX)
    Email: info@altoventures.com
    or
    Alto Ventures Ltd.
    Mike Koziol
    Vice President, Exploration
    (705) 522-6372
    (705) 522-8856 (FAX)
    Email: exploration@altoventures.com
    Website: www.altoventures.com
    The TSX Venture Exchange has neither approved nor disapproved of the
    contents of this press release.