Orko Silver – La Preciosa Drilling Yields 46 Metres of 219 g/t Silver-Equivalent

VANCOUVER, British Columbia – Orko Silver Corp. (TSX.V – OK) is pleased to provide a development update for La Preciosa, operated by our joint venture partner, Pan American Silver Corp. (PAA) in Durango, Mexico.

Detailed and regional exploration drilling at La Preciosa has continued with three diamond drill rigs on site. Regional exploration has advanced, and two rigs have been mobilized to the Nancy and Orito zones, with at total of 5,300 metres planned for the two zones. In addition, a total of 8-12 holes have been planned to test the northern extension of the “Martha” structure, all guided by the recently completed 70 line-km magnetometer survey. An additional 8-12 holes have also been planned to further test the Baritina structure.

As of the end of May, Pan American has completed over 51,000 metres of diamond drilling at La Preciosa. Combined with Orko’s 2005-2008 drilling of 154,000 metres, the project has now surpassed the 200,000 metre mark. Results from Pan American’s Phase-I, Phase-II and the first part of the Phase –III were reported in news releases dated September 08 and October 21, 2009 and April 29, 2010. The included information on this news release is in addition to these earlier news releases.

This news release summarizes the results from a total of 12,178 metres of diamond drilling in 60 drill holes. Diamond drill hole BP09-476, collared in the La Preciosa main resource area, yielded 46.78 metres true thickness grading Au 0.379 g/t and Ag 196.7 g/t for a silver-equivalent of 219.4 g/t. Within this intercept is 3.89 metres grading Au 2.533 g/t and Ag 988.1 g/t for a silver-equivalent of 1,140.1 g/t. The following table highlights recent drilling results. A detailed listing of the drill results, including the new holes reported since April 29 2010, can be found on the company website at www.orkosilver.com