Orko Silver Reports on the Progress of Ongoing Advanced Studies

Orko Silver Corp. (TSX VENTURE:OK) ("Orko") reports today that technical issues
causing delays in the completion of the updated resource estimate have been
solved. Orko is anticipating the results of a new independent resource estimate
currently being prepared by Mining Plus, an international mining consulting firm
later this month. 


These delays to the updated resource estimate are attributed to a more detailed
review of the deposit undertaken and subsequent development of a revised vein
model from the veins that were modeled in the Aug 2011 resource estimate
contained in the August 2011 Preliminary Economic Assessment (the "2011 PEA")
prepared by our former joint venture partner, Pan American Silver. 


The La Preciosa resource currently being modeled by Mining Plus has now been
defined by a number of individual variably dipping and striking vein sets over
an area with dimension of 3.3km by 1.8km and to a depth approaching 650m below
surface. This resource is extensive; it remains open along the eastern flank, to
the southeast and to depth thus presenting potentially increased value to the
company. 


Early in the study, a decision was made to devote a higher level of diligence to
the preliminary geological interpretation and resource modeling. In addition, as
a direct result of the increased size of the database, Mining Plus experienced
significant software issues when utilizing industry standard resource modeling
software. This resulted in a considerable extension in the predicted time to
complete the update. The updated resource estimate is now anticipated for
completion in late June barring any further unforeseen technical issues. 


Gary Cope, President and CEO of Orko, noted, "Although we are frustrated by the
delays with the delivery of the updated resource estimate, we are encouraged by
the amount of diligence and detail due to the increased size of the database
that will be included in the updated estimate and we look forward to announcing
the results as soon as the new estimate is completed."


The updated resource estimate, originally scheduled to be completed and released
in March, will be an integral component of the new Preliminary Economic
Assessment currently being completed by AMEC Americas Limited ("AMEC").
Management believes the potential exists for improvement in the economics of the
project relative to the preliminary economic assessment released in the 2011
PEA. Timing for the completion of the new PEA will be predicated on the final
completion of the updated resource estimate.


Orko currently has approximately $11.6 million in cash and short-term
investments and is well funded to continue to advance the project. Orko has
taken over as operator and is in the planning stages of further optimization on
the project. 


Orko also reports that its investor relations agreement with Chardan Capital,
LLC dated October 20, 2010 was not renewed, pursuant to the terms of the
agreement.


George Cavey, P.Geo., is the Qualified Person for Orko Silver Corp. and takes
responsibility for the technical disclosure in this news release.


About Orko Silver Corp.

Orko Silver Corp. is developing one of the world's largest undeveloped primary
silver deposits, La Preciosa, located near the city of Durango, in the State of
Durango, Mexico.


ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope, President

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements and Orko undertakes no obligation to update such statements, except
as required by law.