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

Orko Silver Corp. (TSX VENTURE:OK) (the "Company") is pleased to announce that
the proposed non-brokered private placement (the "Non-Brokered Placement")
announced on September 8, 2010 and amended on September 13, 2010 has closed.


In connection with the Non-Brokered Placement, the Company issued 700,000 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$1,155,000. Finder's fees in the aggregate
amount of $69,300 will be paid by the Company in connection with the
Non-Brokered Placement. The Company plans to use the net proceeds from the
Non-Brokered Placement for general corporate purposes.


The securities issued in connection with the Non-Brokered Placement 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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