Orko Silver Corp. (TSX VENTURE:OK) is pleased to announce that excellent
progress is being made in the technical studies to advance the "La Preciosa"
Project in Durango, Mexico, toward feasibility. The proposed Preliminary
Economic Assessment (the "PEA") has been delayed on a number of occasions. The
reasons for the delays are purely logistical/technical in nature, and have no
bearing on the viability of the La Preciosa Project.


Earlier this year, Pan American Silver Corp. (TSX:PAA) retained Snowden Mining
Industry Consultants Inc. to carry out detailed studies on the various
developmental aspects of the La Preciosa deposit. Snowden has completed much of
this work and is on track to issue the PEA, as well as a new NI43-101 compliant
resource estimate near the end of July, 2011.


Orko has retained AMEC Americas Ltd., to carry out a technical review and audit
of the Pan American and Snowden work to date. Pan American, Orko and the
consultants are working together to develop technically superior solutions to
enhance and streamline pre-production design parameters at La Preciosa.


Recent modeling studies have indicated that a combined Open Pit and Underground
scenario is more attractive. It has taken detailed analysis to come to this
conclusion, and this work has contributed to the delay in the completion of the
PEA.


Additional ongoing studies include finalization of the open pit and underground
modeling, detailed metallurgical testing, geotechnical work, condemnation
drilling, tailings and waste rock disposal, community relations, environmental
studies, water sourcing/dewatering, land acquisition and road construction.


Positive results of the work to date have enabled Pan American Silver to approve
a US $9,000,000 expenditure to take the project through feasibility, which is
due to be completed by the end of April, 2012.


In addition to Snowden and AMEC, other firms assisting with the project planning
include




--  Golder Associates Ltd. (Canada) which has been contracted to conduct
    geotechnical engineering for both underground and open pit mine design; 
--  M-3 Engineering (USA) which has been contracted for plant and tailings
    design, and infrastructure costing; 
--  Quantitative Group Pty. Ltd. (Australia) which has been contracted to
    conduct geostatistical evaluation and resource modeling; 
--  SGS Mineral Services (Mexico) which has been contracted to conduct
    additional metallurgical studies; and 
--  Clifton Associates Ltd. (Canada) which has been contracted for
    environmental studies. 



Gary Cope, President of Orko, states, "I am very happy with the ongoing progress
of the PEA. While it has taken longer to complete than we first thought, we are
looking forward to presenting an optimized PEA to our shareholders, which will
show the true magnitude of the La Preciosa Project."


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, in the State of
Durango, Mexico.


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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