Toro Energy Limited (ASX:TOE) Update on Wiluna Uranium Project Assessment Process

Perth, Australia (ABN Newswire) - Toro Energy Limited (ASX:TOE) is pleased to provide the following update on its current assessment and approval process for the Wiluna Uranium Project in WA.

The Wiluna Project Environmental Review and Management Programme (ERMP) was approved by the WA EPA for release to the public on 25 July 2011 for 14 weeks. The closing date of submissions was 31 October 2011.

Forty eight (48) submissions were received from the public and WA and Federal Government agencies.

The Wiluna Project team is now working on the responses and any additional information required for the final ERMP submission which we anticipate will be by mid December 2011.

Subject to Government assessment processes and decisions, Toro anticipates a final Government decision on the Project around mid-2012.

About Toro Energy Limited:

Toro Energy Limited (ASX:TOE) is a modern Australian uranium company with progressive project development, acquisition and growth. The Company is based in Adelaide, South Australia with a project office in Perth, Western Australia.

Toro's flagship and wholly-owned Wiluna uranium project (includes existing mining lease) is 30 kilometres southeast of Wiluna in Central Western Australia.

Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and a definitive feasibility study underway. Toro has commenced the Approvals process targeting the Company's first uranium production by late 2013.

Toro has three other exploration and development projects in Western Australia, and owns uranium assets in the Northern Territory, South Australia and in Namibia, Africa.

Source:

Toro Energy Limited

Contact:

Greg Hall 
Toro Energy Limited
Tel:  61-8-8132-5600
Email: info@toroenergy.com.au
http://www.toroenergy.com.au