Del Toro Silver Corp. Update on Mt. Vernon Gold Mine

CARSON CITY, Oct. 21, 2016 - Del Toro Silver Corp. (OTCPink:DTOR) (“Del Toro” or the “Company”), California’s next high-grade gold miner, is providing this update on the Mt. Vernon gold mine. The Company signed an option agreement effective October 4, 2016 to acquire 100% of the Mt. Vernon Gold Mine. This past-producing mine is located near Downieville, in one of the richest districts in California’s Mother Lode Belt. Situated on the east edge of the Melones Fault, Mt. Vernon is on trend, adjacent to, and upstream from numerous historical high-grade gold mines.

Del Toro is pleased to announce that a Plan of Operations (POO) for the mine has been approved by the United States Forest Service and a reclamation bond posted. River Resources LLC originally submitted the POO application in October 2015 and, with the guidance of Del Toro, has been overseeing the permitting process for the mine over the last year. The POO permits underground rehabilitation and bulk sampling, including an on-site processing facility, to assess the feasibility of production mining at the site. River Resources has also been installed as the Operator for the project. As part of the October 4, 2016 option agreement Del Toro has the right to purchase the operating company which will include the POO.

Commenting on the POO approval and planned acquisition of the Mt. Vernon Gold Mine, Patrick Fagen, CFO, said, “We are pleased to receive news of the approval of the Plan of Operations on the Mt. Vernon during the option period. This is a major step in advancing the property and completes our due diligence. The Company has been providing our expertise in permitting in California, working closely with Lazarus Mining LLC and River Resources to achieve this important milestone. We are committed to the Company vision of becoming California’s mining leader.”


About Del Toro Silver Corp.

Del Toro Silver Corp. (OTCPink:DTOR) is an exploration and development company focused on high-grade, past producing gold mines in the Western US. The Company’s leadership team has experience acquiring and permitting projects in California and Nevada. Near term opportunities and priorities include advancing the Discovery Day and Mt. Vernon gold mines, two high-grade past producers located in Northern California. The Company also holds a royalty on the Natchez Pass Gold Property located in Imlay, NV.

For further information, please contact Patrick Fagen at 530-416-0266.


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