Alto Ventures Ltd.

Alto Ventures Ltd.

January 10, 2008 09:00 ET

Alto to Increase Its Interest to 100% in Despinassy Project, Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2008) - Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to announce that it has signed a Letter of Intent (LOI) with Commander Resources Ltd. (TSX VENTURE:CMD) to purchase Commander's 24.5% participating interest in the Despinassy Project in Quebec. Under the terms of the LOI, the Company will acquire all of Commander's interest in the Despinassy Joint Venture for one time cash payment of $375,000 and issuance to Commander of 1,875,000 treasury shares of Alto Ventures. The property consists of 113 claims and Commander will retain a 1% NSR royalty on 83 claims and 0.25% NSR on the other 30 claims. Alto will have the right to buy-down the NSR on the 83 claims to 0.5% for $500,000.

This offer remains subject to approval by the Board of Directors of Commander Resources Ltd. and of Alto Ventures Ltd. Completion of the purchase is subject to acceptance by the TSX Venture Exchange.

Previous work at Despinassy resulted in discovery of the Despinassy Shear Zone (DSZ) which hosts several gold targets. To date, the best known is the DAC Deposit where resources of 167,000 tonnes grading 6.88 g/t gold in the Indicated plus 445,000 tonnes grading 4.46 g/t gold in the Inferred categories were estimated in compliance with NI43-101 standards (see Alto news release dated November 26, 2006). Several other high priority prospects were identified along a six kilometre segment of the DSZ including the Darla Zone where drilling intersected 19.5 g/t gold across 2.1 m (see Alto news release dated March 29, 2006) and the gold zones in Area 3 located three kilometres east of the DAC Deposit (4.6 g/t gold across 2 m in Zone 20 and 2.4 g/t gold across 6 m in Zone 21).

Consolidation of ownership in one of Alto's core projects is consistent with the Company's strategy of maintaining significant exposure in areas of the Abitibi Greenstone Belt that are considered to have high potential for discovery of economic gold deposits. Alto's plans for the near future include airborne magnetometer and electromagnetic surveys and substantial diamond drilling. The diamond drilling and geophysical programs are scheduled to start before the end of January.

The Company is also active in the Beardmore-Geraldton Gold Belt where it is currently drilling the Mud Lake Project with its partner Wescan Goldfields Inc (see Alto news release dated November 22, 2007). The Mud Lake Project lies immediately to the south of the Hercules Property operated by Kodiak Exploration Ltd.

Mike Koziol, P. Geo., P.Eng., and Alto's President and CEO is the Qualified Person who has reviewed and approved this news release.

About Alto Ventures Ltd.

Alto Ventures Ltd. is a gold exploration and development company with a portfolio of twelve properties in the Canadian Shield. With a pipeline of quality projects, the Company's approach to maximizing opportunities while minimizing exploration risk is to attract well financed partners with the technical expertise to take the projects onto feasibility and subsequently production.

Alto's Management and Board of Directors have a long and successful track record of creating shareholder value through systematic exploration, acquisitions and discovery. The Company is currently active in Quebec where it is focussed on the Despinassy project in the Abitibi Greenstone Belt and in Ontario in the Beardmore and Shebandowan gold districts.


Mike Koziol, P. Geo., P.Eng., President and CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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