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OSR Oro Silver Resources Ltd.

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Share Name Share Symbol Market Type
Oro Silver Resources Ltd. TSXV:OSR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Oro Silver Securityholders Approve Transaction With Oro Gold Resources Ltd.

13/10/2010 5:59pm

Marketwired Canada


Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR) is pleased to
announce the securityholders of Oro Silver have approved the previously
announced merger of Oro Silver with Oro Gold Resources Ltd. pursuant to a plan
of arrangement under the British Columbia Business Corporations Act (the
"Arrangement"). At the annual general and special meeting of Oro Silver held on
October 12, 2010, an aggregate of 23,694,385 securities were voted in favour of
a special resolution approving the Arrangement, representing 98.76% of the votes
cast.


Completion of the Arrangement remains subject to the approval of the British
Columbia Supreme Court, TSX Venture Exchange and other customary closing
conditions. Application to the Court for the Final Order approving the
Arrangement is expected to be made on October 18, 2010.


ON BEHALF OF THE BOARD OF DIRECTORS,

Gregory J. Martin, Chair, Special Committee

Some statements in this release may contain forward-looking information. These
statements include, but are not limited to the use of the terms "subject to",
"expects", "anticipates", "will", statements with respect to Board assessments,
statements with respect to updating resource estimates, statements with respect
to entering into the Definitive Agreement, future plans and expectations. Such
statements are subject to a number of risks, uncertainties and assumptions.
Actual results and events may vary for a variety of reasons. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.


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