Oro Silver Resources reports its subsidiary has executed a binding Letter of Intent establishing the terms of an option to purchase six concessions from Exploraciones Del Altiplano S.A de C.V.

The acquisition terms require Oro Mexico to pay US$10,000 and 75,000 common shares of Oro Silver within 10 business days after the signing of the LOI, followed by cash payments totaling US$1,475,000 over a 4 year period and to make work expenditures on the concessions totaling US$1,000,000 and to conduct 1,000m of drilling over the 4 year period.

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