Netco Silver Announces Closing of Final Tranche of Private Placement Financing for Gross Proceeds of $207,500

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR
DISTRIBUTION TO U.S. NEWSWIRE SERVICES. 


NETCO SILVER INC. (TSX VENTURE:NEI) ("Netco" or the "Company") is pleased to
announce the closing of the final tranche of the private placement financing
(the "Financing") it previously announced by news releases dated February 3 and
February 22, 2012, pursuant to which it has issued 1,660,000 units at a price of
$0.125 per unit for gross proceeds of $207,500. In aggregate, the Company issued
a total of 6,435,000 units for total gross proceeds of $804,375 in connection
with the Financing.


Each unit issued consisted of one common share of the Company and one half of
one common share purchase warrant, and each warrant entitles the holder to
purchase an additional common share at $0.22 per share for a period of 24 months
from the closing of the Financing. The warrants contain a provision providing
that if the Company's shares trade at a closing price in excess of $0.30 on the
TSX Venture Exchange (the "Exchange") (or such other exchange on which the
Company's shares are then principally traded) for a period of 10 consecutive
trading days, the Company may issue a notice accelerating the expiry date to 30
days from the date of such notice.


In connection with this closing, the Company paid aggregate cash commissions of
$4,375 and issued an aggregate of 35,000 finder's warrants, with each finder's
warrant exercisable into one common share at a price of $0.125 per share for a
period of 18 months.


All securities issued in connection with the Financing are subject to a
four-month hold period in accordance with applicable Canadian securities laws.
Proceeds of the Financing will be used to fund exploration work commitments on
the Company's properties and for general working capital requirements.


None of the securities sold in the Financing have been or will be registered
under the United States Securities Act of 1933, as amended (the "Act"), and none
of them may be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the Act.


Netco is a publicly traded exploration company focused on the discovery and
development of high-value precious metals deposits in the Americas. The Toruel
Property, covering 5,736 hectares, is located about 25 kilometers southeast of
the village of Los Menucos, Rio Negro Province, Argentina, and is prospective
for silver. The Company has the option to acquire up to 75% of the property.


NETCO SILVER INC.

Colin Bowkett, Director