SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

January 19, 2010 16:57 ET

Alto Group Reports on Initial Chief Vein Assays at Alto-Ashanti Project in Ghana

NEW YORK, NY--(Marketwire - January 19, 2010) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), today is pleased to report that the Company has received initial assay results from the Chief Vein at the Nkwanta Concession on the Company's Alto-Ashanti Project in Ghana, West Africa. The Chief Vein has assayed up to 1.357 ounces per ton (42.17 g/t).

Other notable assays are 1.08, 0.931, 0.543, 0.514, 0.460, 0.417 and 0.411 ounces per ton. A total of 56 samples of materials taken from the open pits have averaged an overall grade of 0.164 ounces per ton (5.08 g/t) which includes all host rock dilution and weathered alluvial material. The Chief Vein appears to be running in the 0.5 ounce per ton range where the blue grey smoky quartz with arsenopyrite is present. Where visible gold is noted, the assays are in the ounce per ton range.

The Company is very pleased to be able to report on this third high grade quartz vein to report positive assay results at the Nkwanta Concession. Consequently, the Company plans to further develop data on the Chief vein as part of its ongoing exploration program through the establishment of further drill targets.

The Chief Vein has been traced on surface for over 250 meters in length through the examination of open pits dug to bedrock by local miners. The bedrock and vein is covered by 30 feet of alluvial and laterite material and sampling has been conducted by traversing down into the operational pits and acquiring vein material. Alto's geological crew has estimated the vein thickness to be between 0.5 and 1.5 meters in width and it appears the vein does pinch and swells along strike.

As reported earlier the, 22 samples of the nearby D-10 Vein averaged 0.383 ounces per ton (11.90 g/t) and samples from ore dumps created by the local miner's efforts averaged 0.234 ounces per ton (7.281 g/t). The D-10 Vein may represent an offshoot or splay off the Chief Vein located immediately to the north and will be a priority drill target in the upcoming surface drilling program.

Alto's plan is to complete the Phase 1 exploration program through the extraction of numerous rock samples and by generating a variety of prospective drill targets. A minimum 25,000 foot drilling program may be warranted which would follow Phase 1. Once drilling is complete, the Company will commission an independent, third party resource calculation in order to formally evaluate the tonnage and grade of the Nkwanta Veins.

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.

Alto Group Holdings, Inc.
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Natalie Bannister

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