OK OK2 Minerals Ltd

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES. 


Orko Silver Corp. (the "Company") (TSX VENTURE:OK) is pleased to announce that
the proposed private placement (the "Offering") announced on September 1, 2010
and amended on September 8, 2010 has closed.


In connection with the Offering, the Company issued 8,500,000 common shares (the
"Common Shares") on a private placement basis at an issue price of Cdn$1.65 per
Common Share (the "Issue Price") for aggregate gross proceeds to the Company of
approximately Cdn$14 million. The Company plans to use the net proceeds from the
Offering for general corporate purposes. 


A syndicate of agents led by GMP Securities L.P. and including Byron Securities
Limited (collectively, the "Agents"), acted as agents in connection with the
Offering and received a commission equal to 6.0% of the gross proceeds of the
Offering. As additional consideration for their services, the Agents were issued
510,000 broker warrants (each a "Broker Warrant"). Each Broker Warrant shall
entitle the holder thereof to acquire one Common Share at the Issue Price for a
period of 2 years from the closing date.


The securities issued in connection with the Offering will be subject to a
four-month hold period in accordance with applicable Canadian securities laws
expiring on January 22, 2011.


This press release is not an offer or a solicitation of an offer of securities
for sale in the United States. The Common Shares have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration.


FORWARD-LOOKING INFORMATION

Certain of the statements made and information contained herein, including the
use of proceeds, is "forward-looking information" within the meaning of
applicable Canadian securities legislation or "forward-looking statements"
within the meaning the Securities Exchange Act of 1934 of the United States.
Generally, these forward-looking statements or information can be identified by
the use of forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation, risks and
uncertainties relating to foreign currency fluctuations; risks inherent in
mining including environmental hazards, industrial accidents, unusual or
unexpected geological formations, ground control problems and flooding; risks
associated with the estimation of mineral resources and reserves and the
geology, grade and continuity of mineral deposits; the possibility that future
exploration, the potential for unexpected costs and expenses, commodity price
fluctuations; uncertain political and economic environments; changes in laws or
policies, foreign taxation, delays or the inability to obtain necessary
governmental permits; and other risks and uncertainties, including those
described under risk factors in the Company's management discussion and
analysis. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements. The
forward-looking information contained herein is presently for the purpose of
assisting investors in understanding the Company's plans and objectives and may
not be appropriate for other purposes. Accordingly, readers are advised not to
place undue reliance on forward-looking statements.


Orko Silver Corp. 

Gary Cope, President

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