Alto Ventures Ltd. (ATV)

[EnergyGuy62]

6,000 Metre Drilling Programme Begins at Coldstream Property Ontario. Both Alto Ventures and Foundation Resources are pleased to announce the commencement of their 6,000-metre summer diamond drilling and other surface exploration programs on the Coldstream Property (“the Property”) in northwestern Ontario. Foundation is the operator of this program and owns a 60% interest in the Property. Alto owns the remaining 40%. The two primary objectives of this 2011 summer drill program are: (1) Expand high-grade gold mineralization (8.39 g/t gold over 11.0m) discovered at Iris Lake during the 2011 winter drilling program. This high-grade gold discovery is open along strike to the northeast and southwest of the mineralization site and located approximately 1500 metres north of the East Coldstream Deposit. (2) Continue expanding the East Coldstream Gold Deposit (“the Deposit”) both laterally and down plunge immediately west of the Deposit in a virtually unexplored area.