SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

February 14, 2011 08:36 ET

Alto Group Holdings Announces Acquisition of Mineral Rights in the Horse Shoe Bar Gold Mine

NEW YORK, NY--(Marketwire - February 14, 2011) - 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 mineral rights in the Horse Shoe Bar gold mine.

Situated on the middle fork of the American river near Forest Hill California, the "Horse Shoe Bar" got its name because of its being naturally shaped like a horse shoe, over a mile and a half around, a few hundred yards wide. The super rich placer came to its final resting place because of its back eddies and deep crisscrossing cracks in the bed rock, as it acts as a natural massive "Gold Trap."

A large tunnel 30' x 60' feet was driven into the open end, river side of the "Horse shoe" bar to try and "de water" it back in the late 1800s; this was a good thought! Then the rains came, logs jammed up the tunnel and the water went back on the bar and wiped the miners out anyway. Being overly zealous many miners drowned sticking to their claims. Some Chinese prospectors came onto the bar around 1885 and mined the head, or beginning, of the Horse Shoe bar on a few acres and extracted $12 million (at $17.00 an ounce) in gold without going all the way to bedrock, where most of the gold accumulates. Because of the water table, the Chinese production efforts had no way of reaching the bottom therefore leaving the majority of the gold behind. Gold Nuggets in this area of the Middle fork are some of the largest that have been historically recorded in California -- many gold nuggets are in the 40 to 60 ounce size with some examples reaching the size of a loaf of bread. (Multi hundred ounce) gold nuggets of this gigantic size bring premium prices realizing 5 to 10 times spot bullion value. We will have 3 grades of nuggets being extracted on this project -- the fine flour gold to 1/8th inch particles that will be sold for spot price, day in and day out; there will be nuggets with very intricate character to be sold for jewelry which brings spot price plus a premium; there will be the multi ounce heavy nuggets (one ounce and up) which also bring premium many times spot price.

Even though this is a Gold extraction project, it is also being viewed as an "Environmental reclamation project" in that we will be restoring natural native habitat and cleaning up old mine tailings where there was gravel extracted for a dam project up river in the early 1950s.

There are a number of exemptions regarding remedial restoration and clean ups for old mine tailings, mine dumps, mine pits and flood damage that will help expedite permitting.

From historical records, documents and recent testing, we estimate conservatively that there is approximately $25 to 35 million in gold (at $800.00 per ounce) on the Horse Shoe Bar in itself.

View Horse Shoe Bar Information: http://www.altomines.com/horseshoebar.html

Sign up for Direct News from the Company: http://www.altomines.com/email.html

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.
 - - - - - - - - - - - - -
Mark Daniel Klok
President and CEO

Contact Information