Oro Silver Resources Ltd.

Oro Silver Resources Ltd.

August 21, 2007 20:04 ET

Oro Silver Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2007) - Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR) has granted 300,000 incentive stock options to Scott F. Gibson & Company Inc., subject to regulatory approval, in connection with the marketing and investor communications agreement previously announced on June 25, 2007. The options are exercisable for common shares of Oro Silver at $0.60 per share for a period of 2 years, and will vest as to 25% each three months from the date of grant.

Oro Silver Resources Ltd. is a silver exploration company pursuing early and advanced stage silver-based opportunities primarily in the western hemisphere. The company is focused on (i) developing resources at its El Compas project, and (ii) completing additional strategic acquisitions. Oro Silver's strategy is 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.

On behalf of the board of directors,

Gregory M. Cox, President and CEO

Some statements in this release contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, expenditures, transactions and financings. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, risks related to actual results of exploration activities, the timing and amount of expenditures and the completion of transactions and financings.

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

Contact Information

  • Oro Silver Resources Ltd.
    Matthew Chandler
    Corporate Communications
    (604) 646-1588