Orko Silver $14 Million Private Placement Closed

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

TORONTO, ONTARIO -- (Marketwire - Sept. 21, 2010) - Orko Silver Corp. (the "Company") (TSX VENTURE: OK) is pleased to announce that the proposed private placement (the "Offering") announced on September 1, 2010 and amended on September 8, 2010 has closed.

In connection with the Offering, the Company issued 8,500,000 common shares (the "Common Shares") on a private placement basis at an issue price of Cdn$1.65 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of approximately Cdn$14 million. The Company plans to use the net proceeds from the Offering for general corporate purposes.

A syndicate of agents led by GMP Securities L.P. and including Byron Securities Limited (collectively, the "Agents"), acted as agents in connection with the Offering and received a commission equal to 6.0% of the gross proceeds of the Offering. As additional consideration for their services, the Agents were issued 510,000 broker warrants (each a "Broker Warrant"). Each Broker Warrant shall entitle the holder thereof to acquire one Common Share at the Issue Price for a period of 2 years from the closing date.

The securities issued in connection with the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws expiring on January 22, 2011.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.


FORWARD-LOOKING INFORMATION

Certain of the statements made and information contained herein, including the use of proceeds, is "forward-looking information" within the meaning of applicable Canadian securities legislation or "forward-looking statements" within the meaning the Securities Exchange Act of 1934 of the United States. Generally, these forward-looking statements or information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under risk factors in the Company's management discussion and analysis. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. The forward-looking information contained herein is presently for the purpose of assisting investors in understanding the Company's plans and objectives and may not be appropriate for other purposes. Accordingly, readers are advised not to place undue reliance on forward-looking statements.


Orko Silver Corp.

Gary Cope
President



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact Information

Orko Silver Corp.
(604) 687-6310
www.orkosilver.com