Oro Silver Resources Ltd.
TSX VENTURE : OSR

Oro Silver Resources Ltd.

September 14, 2007 08:05 ET

Oro Silver Completes Technical Report on El Compas Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2007) - Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR) has received TSX Venture Exchange approval for a National Instrument 43-101 report entitled "Technical Report On The El Compas Property Zacatecas, Zacatecas State, Mexico". The report has been filed on Sedar www.sedar.com and is also available on the Oro Silver corporate website, www.orosilver.com.

The company has the option to purchase a 100% interest in the property, for total payments of US$2.7 million, staged over 2 years. The company will earn a 51% interest after payment of US$1.6 million. Under a separate agreement, Oro Silver has the option until April 21, 2008, to purchase the mining rights from the current operator for US$800,000. Once completed, these transactions will give Oro Silver 100% ownership and control of the El Compas mine.

Oro Silver plans to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion. While becoming a major player in the Zacatecas silver district, Oro Silver will continue its growth through exploring and developing primary silver deposits in Mexico and North America.

On behalf of the board of directors,

Gregory M. Cox, President and CEO

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. Oro Silver disclaims any intention or obligation to revise or update such statements.

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

Contact Information

  • Oro Silver Resources Ltd.
    Gregory M. Cox
    President and CEO
    (604) 646-1585
    (604) 642-2411 (FAX)
    Website: www.orosilver.com