March 31, 2009
TSX Venture Exchange Tier 1
Trading Symbol: OK
Orko Silver Corp. Acquires 100% of San Juan
VANCOUVER, British Columbia - Orko Silver Corp. (TSX.V - OK) announces that it has signed an agreement with Silver Standard Resources Inc. to acquire a 100% interest in the San Juan Property located immediately west of Orko Silver’s La Preciosa project.
The terms of the agreement provides for the transfer of the remaining 25% interest not currently controlled by Orko Silver for the lump sum purchase price of US $250,000, such sum to be paid by the issuance of Orko Silver capital stock, each share having an attributed value of CA $1.03. The agreement is subject to approval by the TSX Venture Exchange, and the issued shares will be subject to a four month plus one day resale restriction under applicable securities laws in Canada and any other resale restrictions that may be imposed by the TSX Venture Exchange.
Gary Cope, President of Orko, states that “We are extremely pleased to have reached this agreement with Silver Standard to enhance and consolidate our property holding immediately west of La Preciosa. We believe that this acquisition will be of great benefit to Orko Silver shareholders”.
About Orko Silver Corp.
Orko Silver Corp. is developing one of the world’s largest primary silver deposits, La Preciosa, located near the city of Durango, Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, contact Orko Silver Corp. at (604) 684-4691 or
Via our website at www.orkosilver.com
