NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Orko Silver Corp. (TSX VENTURE:OK) announces today the closing of its previously
announced private placement which includes the full exercise of the Underwriters
option. 7,320,000 common shares of the Company were placed at a price of $1.65
per share for aggregate gross proceeds of $12,078,000.


The shares were placed on a bought deal private placement basis by a syndicate
of underwriters co-led by GMP Securities L.P. and BMO Capital Markets Inc., and
including Haywood Securities Inc. and Macquarie Capital Markets Canada Ltd.
(collectively the "Underwriters").


As partial consideration for their underwriting services, the syndicate of
Underwriters was granted 439,200 Broker Warrants. Each Broker Warrant entitles
the holder to acquire one common share at a price of $1.65 for a period of 2
years from the closing date.


The net proceeds of the private placement will be used for the continuing
exploration program on Orko Silver's Mexican mining properties and for general
corporate purposes including working capital.


All securities issued under the private placement are subject to a hold period
expiring October 13, 2008.


About Orko Silver Corp.

Orko Silver Corp. is a professional exploration company with an increasing
silver resource. Orko Silver's principal project, La Preciosa, located near the
city of Durango, Mexico, is an advanced silver and gold project. The Company is
currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a
week. The deposit remains open in all directions and to depth. Two additional
projects include the Santa Monica east of La Preciosa and the San Juan west of
La Preciosa. All are undergoing exploration.


ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope, President

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Orko relies upon litigation protection for forward-looking
statements.
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