SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

December 31, 2010 10:00 ET

Alto Group Holdings Announces Acquisition Completed of Ownership in Bogue Gold Project

NEW YORK, NY--(Marketwire - December 31, 2010) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces company completes acquisition of ownership of the Bogue gold river project in the region of Bougouni in the republic of Mali, West Africa.

The Bogue river dredging project has a 10 kilometer permit on the Bogue River in the region of Bougouni in the republic of Mali. A series of samples were taken from 2 meters to 11 meters at 10 meter intervals and blocked at distinct geological contours within the river. The results showed an average grade of 1.59 g/t and those samples were processed through ALS lab in Bamako, Mali.

When using a conservative average grade of 1 gram ($43) of gold per yard, operating 100 yards per hour, 12 hours per day during a 30-day period should give you a production rate of 36,000 grams or $1,548,000 in potential gross cash flow monthly.

Additionally management previously issued its mandate to its operations team to deploy personnel to high grade gold prospect locations, complete final mine plans and begin production by December 2010. This ambitious time frame was suggested to move the company's staff into action as quickly as possible and management is pleased with how rapidly all preproduction events have been progressing in Mexico. Our operations staff has reported the completion of the work camp and staging area is underway and should be completed over the next 4 to 6 weeks time. We look forward to showing our shareholders the first results and earnings from gold sales within the 1st quarter of 2011.

About Bogue River Project
Please view the Bogue river project: http://www.altomines.com/bogue.html

View of Dredging Equipment
Please view the dredging equipment at http://www.altomines.com/dredge.html

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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.
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Mark Daniel Klok

President and CEO

Contact Information

  • Contact:
    Mark Daniel Klok
    212-803-8187