Pan American Silver Corp. ("Pan American") (TSX:PAA)(NASDAQ:PAAS) and Orko
Silver Corp. ("Orko") (TSX VENTURE:OK) are pleased to announce that this week
they commenced a comprehensive exploration and delineation drilling program at
the La Preciosa silver project in Mexico.


The Companies expect to complete approximately 30,000 meters of drilling on the
property between now and the end of December of this year. The initial
delineation drilling is specifically designed to upgrade Martha Vein inferred
resources to measured and indicated status, while the exploration drilling will
focus on several untested prominent vein structures within the joint venture
property, that had been previously discovered by Orko.


Pan American, operator of the La Preciosa joint venture, plans to spend a total
of US $5.7 million in 2009, to complete the drill programs, as well as to
initiate other project development related activities, including advanced
metallurgical testing.


Drilling activities will be carried out by Major Drilling S.A. de CV of
Hermosillo. The first rig is now drilling and a second rig is scheduled to
commence drilling in the next 10 days. Assay testing will be performed by SGS
Mineral Services in Durango, Mexico.


Gary Cope, President and CEO of Orko said, "We are extremely pleased to resume
drilling at La Preciosa. Pan American and Orko have jointly developed a program
to further delineate the Martha vein while testing for down dip and along strike
extensions. But, perhaps more exciting is that we also will begin drill testing
several other vein targets that we know exist on the property and we look
forward to regularly disclosing drill results, over the balance of the year."


Geoff Burns, President and CEO of Pan American added, "We have assembled a
project development team and put together an aggressive drilling program for La
Preciosa for 2009. We are set up, we are in the field working and I am extremely
optimistic about the potential for a meaningful expansion of the resource base."


On April 14th, 2009 Pan American and Orko jointly announced an agreement to
create a joint venture to develop the La Preciosa silver project in Mexico. The
La Preciosa and adjacent mineral concessions of Santa Monica and San Juan cover
32,422 hectares of contiguous mining claims. Orko had previously defined an
indicated resource estimated at 10,637,000 tonnes grading 185 grams of silver
per tonne and 0.27 grams of gold per tonne for a total of approximately
63,000,000 ounces of silver and 94,000 ounces of gold. In addition, the property
hosts an inferred resource estimated to comprise 12,087,000 tonnes, grading 185
grams of silver per tonne and 0.25 grams of gold per tonne, for a total of
approximately 71,700,000 ounces of silver and 97,000 ounces of gold.


The Joint Venture partners have agreed to delay the completion of a Preliminary
Economic Assessment until the 2009 drilling and metallurgical test program has
been completed. This will allow them to accumulate more extensive resource and
metallurgical detailed data that will form the basis of the comprehensive
Preliminary Economic Assessment.


George Cavey, P.Geo., Orko's Vice-President, Exploration, is the Qualified
Person who takes responsibility for the technical disclosure in this news
release.


About Pan American Silver

Pan American Silver's mission is to be the world's largest and lowest cost
primary silver mining company, and to achieve this by increasing its low cost
silver production and its silver reserves. The Company has eight operating
silver mines in Mexico, Peru, Argentina and Bolivia.


About Orko Silver

Orko Silver Corp. is developing one of the world's largest primary silver
deposits, La Preciosa, located near the city of Durango, in the State of
Durango, Mexico.


THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF
THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
"FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE CANADIAN
SECURITIES LEGISLATION. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL
FACT, ARE FORWARD-LOOKING STATEMENTS. WHEN USED IN THIS NEWS RELEASE, THE WORDS
"ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT", "INTEND", "TARGET", "PLAN",
"FORECAST", "STRATEGIES", "GOALS", "OBJECTIVES", "BUDGET", "MAY", "SCHEDULE" AND
OTHER SIMILAR WORDS AND EXPRESSIONS, IDENTIFY FORWARD-LOOKING STATEMENTS OR
INFORMATION. SUCH FORWARD-LOOKING STATEMENTS AND INFORMATION INCLUDE, BUT ARE
NOT LIMITED TO, STATEMENTS AS TO: THE TERMS AND CONDITIONS OF THE JOINT VENTURE,
WHICH MAY BE AMENDED BY FUTURE NEGOTIATIONS BETWEEN PAN AMERICAN AND ORKO;
STATEMENTS AS TO PAN AMERICAN'S FUTURE EXPENDITURES AND ACTIVITIES FOR THE
BENEFIT OF THE JOINT VENTURE, WHICH ARE CONDITIONAL TO PAN AMERICAN MAINTAINING
ITS INTEREST IN THE JOINT VENTURE; LA PRECIOSA ACHIEVING FUTURE PRODUCTION;
VALUE CREATION AND GROWTH FOR PAN AMERICAN'S AND ORKO'S SHAREHOLDERS; DEFINITION
OF A LARGER MINERAL RESOURCE AT LA PRECIOSA; AND TSX VENTURE EXCHANGE ACCEPTANCE
OF THE PRIVATE PLACEMENT. PAN AMERICAN AND ORKO DO NOT INTEND, AND DO NOT ASSUME
ANY OBLIGATION TO, UPDATE SUCH FORWARD-LOOKING STATEMENTS OR INFORMATION, OTHER
THAN AS REQUIRED BY APPLICABLE LAW.


FORWARD-LOOKING STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE THE ACTUAL RESULTS, LEVEL OF
ACTIVITY, PERFORMANCE OR ACHIEVEMENTS OF PAN AMERICAN, ORKO OR THEIR RESPECTIVE
OPERATIONS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY SUCH
STATEMENTS. SUCH FACTORS IN RELATION TO PAN AMERICAN INCLUDE, AMONG OTHERS:
FLUCTUATIONS IN THE SPOT AND FORWARD PRICE OF SILVER, GOLD, BASE METALS OR
CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY);
FLUCTUATIONS IN THE CURRENCY MARKETS (SUCH AS THE PERUVIAN SOL AND MEXICAN PESO
VERSUS THE U.S. DOLLAR); CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION,
TAXATION, CONTROLS, REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS IN
CANADA, PERU, MEXICO, ARGENTINA, BOLIVIA, THE UNITED STATES OR OTHER COUNTRIES
IN WHICH PAN AMERICAN MAY CARRY ON BUSINESS IN THE FUTURE; OPERATING OR
TECHNICAL DIFFICULTIES IN CONNECTION WITH MINING OR DEVELOPMENT ACTIVITIES;
RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION,
DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS,
UNUSUAL OR UNEXPECTED FORMATIONS, PRESSURES, CAVE-INS AND FLOODING); INADEQUATE
INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS;
EMPLOYEE RELATIONS; AVAILABILITY AND INCREASING COSTS ASSOCIATED WITH MINING
INPUTS AND LABOUR; THE SPECULATIVE NATURE OF MINERAL EXPLORATION AND
DEVELOPMENT, INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS;
DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED;
BUSINESS OPPORTUNITIES THAT MAY BE PRESENTED TO, OR PURSUED BY PAN AMERICAN; PAN
AMERICAN'S ABILITY TO SUCCESSFULLY INTEGRATE ACQUISITIONS; AND CHALLENGES TO PAN
AMERICAN'S TITLE TO PROPERTIES; AS WELL AS THOSE FACTORS DESCRIBED IN THE
SECTION "RISK RELATED TO PAN AMERICAN'S BUSINESS" CONTAINED IN PAN AMERICAN'S
MOST RECENT FORM 40F/ANNUAL INFORMATION FORM FILED WITH THE SEC AND CANADIAN
PROVINCIAL SECURITIES REGULATORY AUTHORITIES. ALTHOUGH PAN AMERICAN AND ORKO
HAVE ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM THOSE CONTAINED IN FORWARD-LOOKING STATEMENTS OR
INFORMATION, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS TO BE MATERIALLY
DIFFERENT FROM THOSE ANTICIPATED, DESCRIBED, ESTIMATED, ASSESSED OR INTENDED.
THERE CAN BE NO ASSURANCE THAT ANY FORWARD-LOOKING STATEMENTS OR INFORMATION
WILL PROVE TO BE ACCURATE AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER
MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS OR INFORMATION.
ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING
STATEMENTS OR INFORMATION.


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