Company Information for Oro Silver Resources Ltd

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TSX.V; OSR View full financial data

Company Statement

Oro Silver Resources Ltd. is a silver exploration company pursuing early and advanced stage silver-based opportunities primarily in Mexico. The company is focused on:

• Developing resources and optimizing the milling processes at its El Compas and Vetagrande Mine projects in Zacatecas, Mexico
• Completing additional strategic acquisitions
• Rapidly advancing active projects towards new discoveries

Oro Silver's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion.

Current Operations

VETAGRANDE MINE & MILL

Project Highlights:

• Potential for 100 million silver-equivalent ounces
• Control +2km of Vetagrande vein strike extend with numerous parallel vein occurrences
• Partially mined to 250 metre vertical; + 500 metre vertical potential
• Includes upgraded +300-350 tonne per day mill with permitted tailings area; good expansion and optimization potential
• Potential in-situ resource acquisition cost <$1/oz silver-equivalent

2008 Work Plan:

• Underground surveying and sampling
• Surface +5,000 metres drilling program - third quarter
• Underground drilling program planned for late fall 2008, early 2009
• Initiation of engineering and metallurgical studies
• Evaluation of surface and underground facilities
• Upgraded mill to +300-350 tonne per day

Property Description:

• Vetagrande project is located 7km north of the Zacatecas State capital
• Consists of 9 concessions covering 293 hectares
• Potential to deliver a resource of 100 million silver-equivalent oz
• Historic reserve grades at Vetagrande are: 205 g/t silver, 0.37 g/t gold, 3.2% zinc, 1.9% lead, and 0.15% copper
• Base metal component of the Vetagrande “ore” is significant and was not fully recognized in the past
• The in-situ value of a ton of rock at Vetagrande is approximately $150/tons using 3 years running averages metal values
• Average vein width is 2.0 meters
• Excellent exploration potential, especially at depth where the property has not seen  modern exploration
• Vetagrande deal includes an operating 150 t/day mill, now upgraded to 300-350 t/day
• We have $400 K mill upgrades and is now eligible to receive a 3% NSR on all mill production.
• Acquisition payments for a 100% interest are spread over 5 years: 18% paid to date!

EL COMPAS MINE

Project Highlights:

• Recently in operation at 50-70 t/day rate - OSR acquired exploitation rights in 2007
• Completed a 5,200 m core drilling program in 2007-08 with best results of 6.9 g/t gold and 45 g/t silver over 18 metres
• Drilling outlined two near-surface ore shoots, confirming potential for 2 to 8 metres wide veins at +6 g/t gold-equivalent
• Excellent infrastructure with roads, power and operating mill located within 10 km
• Potential in-situ resource acquisition cost <$10/oz gold-equivalent

2008 Work Plan:

• +5,000 core drilling program completed
• Modeling and resource estimation – third quarter
• Engineering & metallurgical studies – third and fourth quarter

Property Description:

• El Compas project is located 4km south of the Zacatecas State capital
• Consists of 10 concessions covering 2,158 hectares
• Potential to deliver a resource of up to 500,000 AuEq oz
• Average grade of El Compas “ore” is approximately 6-7 g/t AuEq (50-80 g/t Ag), with average vein thickness at +4m
• El Compas is a low sulphidation epithermal system with typical “bonanza” Au and Ag grades
• Deal payments are spread over 2 years: 60% paid to date; 51% interest acquired in 2008; 100% interest by June 2009

Geographical Spread

The Zacatecas/Fresnillo districts, located in the State of Zacatecas, Central Mexico, host one of the world's largest historic silver belt with past production estimated at 1.5 billion ounces silver.

Board of Directors and Key Management

Management Team:

President, Darren Bahrey, BSc

Chairman, Greg Cox, MSc

CEO & VP Exploration, Herve Thiboutot, P. Ing

COO, Thomas Bagan, P.Eng, MBA

CFO, Peter Kendrick, MBA

Director of Engineering, Rob Gardiner, P.Eng

Project Manager, Eric Grill

Project Manager, Jorge Ortega, MSc

Independent Directors:

Derek White, CA

Greg Martin, MBA

Mark Pryor

Directors:

Greg Cox, MSc

Herve Thiboutot, P.Eng

Darren Bahrey

Brian Fowler, PGeo

Company Address 1400-625 Howe Street Vancouver, British Columbia, Canada V6C 2T6 Telephone: +1 604 646-1588 Facsimile: +1 604 642-2411 Email: communications[at]orosilver.com Website: http://www.orosilver.com

Capital SHARES ISSUED: 26,158,859 FULLY DILUTED: 30,010,063 ESCROW SHARES 600,000 OPTIONS OUTSTANDING: 42,677 @$0.52 to November 15, 2008 300,000 @$0.60 to August 21, 2009 110,000 @$0.70 to June 2, 2011 12,500 @$0.66 to December 12, 2011 800,000 @$0.27 to February 8, 2012 225,000 @$0.71 to July 5, 2012 195,000 @$0.78 to October 18, 2012 45,000 @$0.99 to December 6, 2012 352,000 @$0.81 to December 20, 2012 WARRANTS 1,769,027 @$1.25 to December 20, 2009 (as at 14 May 2008)

Year End 30 April

Related News

25/06/08 - Oro Silver Expands Quickly In Mexico, Helped By Strong Local Relationships

Most Recent Statement

09/10/08 - Oro Silver Announces First Closing Financing & Provides Corporate Update
03/09/08 - ORO SILVER ACQUIRES 174 SQUARE KILOMETRES OF PROPERTY COVERING THE EASTERN EXTENSIONS OF THE VETAGRANDE AND PANUCO TREND IN THE ZACATECAS DISTRICT, ZACATECAS, MEXICO
21/07/08 - ORO SILVER ANNOUNCES JOINT VENTURE WITH SILVREX ON MIHUATLAN PROPERTY
14/07/08 - ORO SILVER EARNS-IN 51% INTEREST IN ANA CAMILA PROPERTY
07/07/08 - Oro Silver Initiates Drilling At Vetagrande
08/06/08 - ORO SILVER INTERSECTS 5.3 G/T GOLD AND 276 G/T SILVER OVER 4.7 METRES AT EL COMPAS MINE