Oro Silver Resources Ltd.
TSX VENTURE : OSR

Oro Silver Resources Ltd.

April 25, 2008 09:30 ET

Oro Silver Increases Non-Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 25, 2008) - Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR) has increased its non-brokered, private placement financing announced on April 10, 2008, from 5,000,000 to 6,500,000 common shares. The offering price of $0.66 per share remains the same and the offering would provide gross proceeds of $4,290,000. The offering is subject to regulatory approval. Finder's fees may be payable in connection with the private placement.

Oro Silver intends to use the proceeds of the funds from this private placement to define resources and consolidate land positions at Oro Silver's Vetagrande and El Compas projects in Zacatecas, Mexico, and for working capital and general corporate purposes.

Oro Silver is an exploration company pursuing early and advanced stage silver-based opportunities primarily in the western hemisphere. Oro Silver is focused on (i) developing resources and optimizing mining processes at its Vetagrande and El Compas Mine projects in Zacatecas, Mexico, and (ii) completing additional strategic acquisitions. Oro Silver's strategy is to become a mid-tier silver producer through a rapid acquisition and development plan focused on world-class silver districts that are under-explored and 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.
    Gregory M. Cox
    President and CEO
    (604) 646-1588
    (604) 642-2411 (FAX)
    Website: www.orosilver.com