Del Toro Silver Corp.
OTC Bulletin Board : DTOR

August 30, 2010 15:13 ET

Del Toro Silver Announces Entry Into Convertible Debenture and Proposed Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2010) -


Del Toro Silver Corp. ("Del Toro" or the "Company") (OTCBB:DTOR) is pleased to announce that it has secured a $300,000 (all funds in USD) Debenture. The Company can request funds in tranches of which an initial $55,000 has been requested. The Convertible Note bears interest at a rate of 8% due 9 months from the date of delivery of each withdrawal.

Further, the Company is pleased to announce the commencement of a non-brokered private placement offering of up to 2,000,000 units (each, a "Unit") at a price of $0.15 per Unit for gross proceeds of $300,000 (the "Offering"). Each Unit is expected to consist of one common share in the capital of the Company (each, a "Share") and one share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company (each, a "Warrant Share") for a period of two years from the date of issue, at a price of $0.25 per Warrant Share. There is no assurance that the proposed financing will be completed as planned or at all.

The proceeds from the financings are expected to be used to finance the ongoing exploration of the Company's Dos Naciones property in the state of Sonora, Mexico, property acquisitions and for general working capital. No finder's fees are expected to be payable in connection with either financing.

About Del Toro Silver Corp.

Del Toro Silver is a dynamic exploration company focused on mining exploration of base and precious metal deposits in northern Mexico. The Company's Dos Naciones property is NI43-101 compliant with historic production in numerous areas. The Company continues to advance past work completed by the previous owner, Penoles, to further its Phase I drill program.

On behalf of the Board of directors,

Mark A. McLeary, President

Forward Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the "SEC") (available at and with Canadian securities administrators (available at Such risks and uncertainties may include, but are not limited to, the risks and uncertainties set forth in the Company's filings with the SEC, such as the ability to obtain additional financing, risks relating to the exploration and development of the Company's mineral projects, environmental risks associated with the Company's mineral projects, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of metals are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on our mineral projects, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes 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.

This press release does not constitute, and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S. Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of the Company. The securities to be issued pursuant to the proposed private placement and/or convertible debenture have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

Contact Information