Oro Silver Intersects High-Grade; 909.9 g/t Silver and 4.70 g/t Gold Over 1 Metre at El Compas Project, Zacatecas, Mexico

Oro Silver Resources Ltd. ("Oro Silver or the "Company") (TSX VENTURE:OSR) has
received assay results from two more drill holes at the El Compas project near
Zacatecas, Mexico. The property is located within the Fresnillo Trend, known as
the world's largest silver producing region. The highlight of the recent
drilling was an intersection from Hole 09COM054 (Hole 54): 




--  364.7 g/t silver and 1.66 g/t gold over 3.10 metres, including 909.9 g/t
    silver and 4.70 g/t gold over 1.0 metre in drill hole 09COM054, located
    approximately 160 metres vertically below and to the north of the El
    Compas underground workings (from 207.0-210.1m downhole). 



Darren Bahrey, President of Oro Silver stated: "Looks like we are onto something
very significant, the results of Hole 54 extend mineralization at the El Compas
vein target to its deepest level yet. The silver grades in Hole 54 shows we can
correctly predict the location of the ore shoot and that our conceptual model
for high-grade silver mineralization at depth is testing true. This intersection
increases the potential to discover larger deposits like MAG Silver's recent
discovery at nearby Juanicipio project. What we need to do now is vector in on
potential wider zones below Hole 54, on both NS and NW structures, and in
particular at points where these two structural trends intersect, and this is
precisely where our upcoming drill program is focused." 


Drilling results 

The Hole 54 intercept confirms the continuity of the El Compas ore shoot to its
deepest level yet (160m below mine portal elevation) and improves the Company's
understanding of El Compas vein mineralization and its ore shoot geometry. Hole
54 is also the Company's first attempt at drilling beneath the El Compas Mine
with a focus on targeting silver-rich mineralization. The fact that high grade
silver (but still with appreciable gold) was intersected in this hole
demonstrates that mineralization is becoming more silver-rich with depth. This
compares favorably with an historical drill hole (HOLE-1) by Hochschild Mining,
located 1 km to the southeast of the El Compas vein, which tested the NW
trending Escuadra fault, intersecting a 0.9 metre wide quartz vein that returned
703 g/t silver and 4.07 g/t gold at a vertical depth of 425 metres below surface
(see Map 1). The location of Hole 54 was guided by the results of recently
completed induced polarization and magnetic geophysical surveys, in addition to
clay sample spectral analysis (see press release dated February 11, 2010).


The El Compas Mine is located at the top of an epithermal vein system. The
deposit is open to the south and at depth and there remains discovery potential
in these areas as suggested by the hole 54 results. The targeted areas for the
upcoming 2,500 metre drill program will focus on surface-mapped structures
coincident with geophysical anomalies along the projection of veins being mined
at El Compas (and El Orito). Now that silver-rich mineralization has been
confirmed at depth along both NS and NW trending structures, the intersection of
these two structural elements could represent target zones with enhanced
potential for thicker vein development and higher-grade mineralization and will
also be drill tested. 


Hole 56 tested the El Compas vein approximately 700 metres south of the El
Compas mine, down dip of a surface grab sample of outcropping vein material that
returned 11.25 g/t gold. The hole intersected a 1.13 metre wide, banded quartz
vein hosted in the upper rhyolite unit that returned 0.76 g/t gold and 5 g/t
silver, and while not high grade this intercept suggests good continuity of the
vein. 


A short summary of recent holes from drilling from the El Compas project is
given below outlining the significant widths and grades at the project (see
press releases dated November 10 and 17, 2009 and January 15 and 27, 2010):




--------------------------------------------------------------------------
Hole No.                        Interval             Gold           Silver
--------------------------------------------------------------------------
09COM054                           1.0 m         4.70 g/t        909.9 g/t
--------------------------------------------------------------------------
09COM052                          17.0 m         3.02 g/t         42.1 g/t
--------------------------------------------------------------------------
including                          4.0 m         9.88 g/t        109.2 g/t
--------------------------------------------------------------------------
09COM048                           5.9 m        19.95 g/t        166.3 g/t
--------------------------------------------------------------------------
09COM047                           3.3 m         1.08 g/t         16.2 g/t
--------------------------------------------------------------------------
including                          0.4 m         4.05 g/t         93.5 g/t
--------------------------------------------------------------------------
09COM046                           8.2 m         5.20 g/t         87.7 g/t
--------------------------------------------------------------------------
09COM046                           2.6 m        15.20 g/t        242.0 g/t
--------------------------------------------------------------------------
09COM043                           4.3 m       193.20 g/t       1263.0 g/t
--------------------------------------------------------------------------



Quality Control 

Oro Silver maintains a strict quality control program. All sample results
generated by Oro Silver were submitted directly to Inspectorate Assay
Laboratory, for preparation in Durango, Mexico, and analysis in Reno, Nevada.
All samples submitted for analysis were of half-sawn core. Analysis was
conducted on 2 assay ton samples for gold and silver, with standards and blanks
inserted every 30 samples. Analysis of gold was by fire assay, with a
gravimetric finish on samples exceeding 3 g/t gold. Analysis of silver was by
4-acid digestion with an ICP finish, and with a gravimetric finish on samples
exceeding 100 g/t silver. Due to the common occurrence of native gold that may
lead to a "nugget effect" and subsequent under-reporting of gold values metallic
analysis is being performed samples containing visible gold and/or returning
greater than 5 g/t Au by gravimetric method. Mr. Thomas Bagan, P. Eng is a
qualified person as defined by National Instrument 43-101 and has reviewed the
content of this press release.


About Oro Silver 

Oro Silver is a silver exploration company pursuing early and advanced stage
silver-based opportunities in Mexico. Oro Silver's mandate is to develop
properties toward silver production through a strategic business arrangement and
development plan focused on advanced-stage projects with known silver resources
that exhibit potential for expansion. The El Compas mine continues to be the
cornerstone for Oro Silver's growth strategy in the Zacatecas silver district.
The Zacatecas Fresnillo silver trend (known to have produced several billion
ounces of silver) is well known for its silver production as the Fresnillo Mine
45km to the northwest held by Industrias Penoles currently produce over 31
million ounces of silver annually from high-grade (23 oz/T Ag plus up to 0.1
oz/T Au) veins. Fresnillo commenced mining around the year 1560 and has produced
about 800 million ounces of silver (see, http://www.penoles.com.mx).


ON BEHALF OF THE BOARD OF DIRECTORS, 

Tom Bagan, P.Eng., Chief Operating Officer

Some statements in this release may contain forward-looking information. These
statements include, but are not limited to, statements with respect to future
exploration, resource estimation, development and production activities and
future expenditures. These statements address future events and conditions and,
as such, involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the statements. Such factors include, among others, the time and
success of future exploration, development and production activities and the
timing and amount of expenditures. 


To view Map 1: El Compas Drilling Successes, please visit the following link:
http://media3.marketwire.com/docs/osr_0216_map_1.pdf


To view Map 2: El Compas Section and 2010 Target Area, please visit the
following link: http://media3.marketwire.com/docs/osr_0216_map_2.pdf


To view Map 3: Fresnillo Trend and Mining District Analogy, please visit the
following link: http://media3.marketwire.com/docs/osr_0216_map_3.pdf