Netco Silver Confirms Widespread Mineralization on the Toruel Project

NETCO SILVER INC. (TSX VENTURE:NEI) ("Netco" or the "Company") is pleased to
provide the following update on its preliminary prospecting and sampling program
at the Toruel Property, Rio Negro Province, Argentina.


This initial program of prospecting and sampling has identified new vein
structures outside of the known Toruel Vein, where past drilling had intersected
6.7 meters of 1,998 g/t silver and 5.34% copper. These new vein structures are
both along strike in the same structural corridor and to the south of the Toruel
Vein. This work has extended the strike length of the Toruel Vein corridor to
over 5,000 meters, and resulted in the discovery of a new vein structure,
approximately 1,500 meters to the southeast.


A total of 162 individual rock samples returned assays from 0.0 to 0.714 g/t
gold (sample 10041) and channel samples from 0.0 to 0.379 g/t gold, 56.8 g/t
silver and over 1% lead over 0.95 meters (sample 10066). 


A table of complete sample results will be made available on the Company's
website at www.netcosilver.com. 


These results corroborate the geological model, which indicates that the Toruel
Vein is at a lower level of an epithermal system, with downthrown blocks to the
east and west. Upthrown blocks have been exposed to a deeper level of erosion
whereas downthrown blocks have not. The consequence of this is that many of the
lower level anomalies discovered quite likely represent surface expressions of
buried epithermal mineralization.


The significant number of veins, along with the anomalous gold, silver and base
metal results suggest a system that has the potential for significant
mineralization, in addition to the main Toruel Vein.


The next phase of this systematic exploration program includes continued
trenching and a 70 line-kilometer induced polarization geophysical survey. Both
of these programs are currently underway, with assay results and the results of
the IP survey expected within 4 to 6 weeks. These results will be used to
determine future drill targets.


The Company is currently reviewing proposals from drilling contractors to
commence a minimum 3,000 meter diamond drilling program, targeted to start in
late April or early May 2012.


Andrew Gourlay, P. Geol, President of the Company, states, "This program has
expanded the number of known veins on the Toruel Property, and has demonstrated
the potential of the property to host additional mineralized vein structures
over a broad area. Our interpretation of this widespread mineralization is that
there have been several mineralizing events, and additional work is underway to
define the limits of mineralization on the property."


All samples and standards were submitted to ACME Labs, Santiago Chile, an ISO
17025 accredited analytical laboratory, for preparation and analysis. Sample
preparation used procedure D60, R200-500, with digestion and analysis using
method IEX, and precious metal determination by method G6-50. 


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.


The Company's disclosure of a technical or scientific nature contained in this
press release has been reviewed and approved by Andrew Gourlay, P. Geol., who is
a qualified person as defined in NI 43-101. For additional technical information
about the Toruel property, see the Company's technical report on the Toruel
Property, available on SEDAR at www.sedar.com, entitled "Toruel Project, Rio
Negro Province - Argentina", dated effective November 21, 2011, and authored by
James F. Ebisch, MSc. The results disclosed in this press release do not
represent conclusive evidence of the likelihood of the occurrence of a mineral
deposit on the Toruel Property.


NETCO SILVER INC.

Colin Bowkett, Director

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events related to the
Company's proposed exploration plans with respect to the Toruel Property,
including the timing of commencement of its proposed drilling program, and
statements regarding the potential for mineralization on the Toruel Property.
Such forward-looking information can include statements based on current
expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Company, such as the Company's ability
to finance its planned exploration; the failure of the actual mineralization to
meet the Company's expectations; the Company's ability to source the necessary
infrastructure to effect its exploration plans; current economic conditions and
the state of mineral exploration; and mineral prices in general. These risks and
uncertainties could cause actual results and the Company's plans and objectives
to differ materially from those expressed in the forward-looking information.
The Company can offer no assurance that its exploration and development plans
will be completed in the time expected or at all. These and all subsequent
written and oral forward-looking information are based on estimates and opinions
of management on the dates they are made and expressly qualified in their
entirety by this disclaimer. Except as required by law, the Company assumes no
obligation to update forward-looking information should circumstances or
management's estimates or opinions change.