Precious Metals Company Netco Silver Announces Results From the Gold-Silver El Cumpa and Capos Veins at the Toruel Project

Netco Silver Inc. (TSX VENTURE:NEI) ("Netco" or the "Company") is pleased to
announce the following update on its prospecting, trenching and sampling program
at the Toruel Property, Rio Negro Province, Argentina. The Toruel Property is
located approximately 23 kilometres southeast of the town of Los Menucos and
approximately 100 kilometres from Pan American Silver's Navidad project, one of
the world's largest undeveloped silver deposits. 


Multiple vein structures have been identified on the Toruel Property to date,
with approximately 50 percent of the property having been systematically
explored and mapped. Recent prospecting and sampling has identified two
additional vein structures, the "El Cumpa" vein and the "Capos" vein. The
Company is very pleased to report that the assay results have confirmed that the
Capos and El Cumpa veins are gold and silver bearing, and significantly expand
the potential of the Toruel Project. Channel samples have returned results from
0.01 g/t up to 4.37 g/t gold and from 0.8 g/t to greater than 200 g/t silver.
Two samples have returned over-limit silver assays which are currently being
fire assayed to determine more accurate silver grades. 


Complete sampling assay results may be viewed at:
http://www.netcosilver.com/images/stories/Sample-Results-2011-2012.pdf. 


The Capos and El Cumpa veins are located approximately 2,500 metres east of the
Toruel vein where past drilling had intersected 6.7 metres of almost 2 kilograms
silver and 5.34% copper (See news release of Marifil Mines Limited dated
November 28, 2005). 


The Capos and El Cumpa veins are genetically similar to the known Toruel vein
system and are composed of multi-phased silica events. The mineralizing
environment consists of hydrothermal replacement breccias and numerous drusy
(and, to a lesser extent, chalcedonic) silica veinlets that present a colloform
texture. The breccia fragments correspond to crystal tuff partially replaced by
silica. The breccias show the traditional cockscomb or cockade textures typical
of epithermal mineralized systems. These veins remain open along strike to the
east and west, and the depth potential has not yet been tested.


These results continue to support the geological model, which indicates that the
Toruel vein is at a lower level of an epithermal system, with tectonically
down-thrown blocks to the east and west. Up-thrown blocks have been exposed to a
deeper level of erosion whereas down-thrown 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. 


Michael Hitch, VP of Exploration states, "The more we explore, the more elements
of this large precious metal system we discover. Surface mapping is continuing
to the north east of the land package focusing on the more gold-dominated areas,
representing a 'lower' position in the epithermal architecture." 


In addition to the Toruel vein, 13 additional veins have been identified, over
an area approximately 6 km by 3 km. The veins trend east-west and
northeast-southwest. The continued discovery of new, mineralized veins across
the property suggests multiple mineralizing events, and the potential for buried
and mineralized intrusives as the source of the epithermal veins. Work is
ongoing and results will be released as they become available.


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 Company
holds an option to acquire up to 75% of the Toruel 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. Geo.,
President and a director of the Company, who is a qualified person as defined in
National Instrument 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 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 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. 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.