Alto Proposes $2 Million Private Placement and Consolidates Stock

Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to announce a non-brokered
private placement of up to $2,000,000 through the issuance of a combination of
units ("Units") and flow through shares ("FT Shares") at a post consolidation
price of $0.15 per Unit and $0.18 per FT Share. Each Unit consists of one
post-consolidation common share and one-half of one post-consolidation share
purchase warrant ("Warrant"), each whole Warrant being exercisable to purchase
one common share at a price of $0.25 for a period of two years from closing.
Finders' fees will be payable in connection with the private placement in
accordance with the policies of the TSX Venture Exchange. The private placement
is subject to acceptance by the TSX Venture Exchange.


The Company also announces that it received shareholder approval at its Annual
and Special Meeting held on December 15, 2011 to consolidate the Company's
common shares on a 10 for 1 basis. The consolidation is subject to acceptance by
the TSX Venture Exchange


Proceeds from this financing will be used for exploration on the Company's
district scale Oxford Lake gold and base metals property located in Manitoba and
for general working capital purposes. The Company plans to start a 5,000m
diamond drilling program in January, 2012. The program will further evaluate the
iron-formation hosted Rusty Gold Zone with historical resources of 800,000
tonnes averaging 6.0 g/t gold(i).


The program will also evaluate the potential for massive sulphide copper zinc
deposits. Previous work, including Alto's 1,700 line km VTEM geophysical survey
has identified geology and geophysical signatures favourable for hosting massive
sulphide deposits. (See News Release dated November 16, 2011).


(i) The resource was estimated in 1990 and a Qualified Person (QP), as defined
by NI43-101, has not done sufficient work to classify this historical estimate
as current mineral resources. Alto is not treating the historical estimate as
current mineral resources, as defined by NI43-101, and thus the historical
estimate should not be relied upon.


About Alto Ventures Ltd.

Alto Ventures Ltd. is a gold exploration and development company with a
portfolio of highly prospective properties in the Canadian Shield. The Company
is active in the Abitibi greenstone belt of Quebec, the Beardmore-Geraldton gold
belt of Ontario and in Manitoba.


ON BEHALF OF THE BOARD,

Richard J. Mazur, P. Geo., CEO