.
Alto Group Holdings
Announces Signed LOI
to Acquire Mining
Rights to Bogue Gold
Project
NEW YORK, NY --
(MARKET WIRE) --
11/29/10
Alto
Group Holdings, Inc.
(OTCBB: ALTO) ("Alto
Group" or the
"Company"), an
innovative mining
and commodities
trade company
headquartered in New
York, announces
signed LOI to
acquire mining
rights to Bogue gold
project in the
region of Bougouni
in the republic of
Mali, West Africa.
The Bogue river
dredging project has
a 10 kilometer
permit on the Bogue
River in the region
of Bougouni in the
republic of Mali. A
series of samples
were taken from 2
meters to 11 meters
at 10 meter
intervals and
blocked at distinct
geological contours
within the river.
The results showed
an average grade of
1.59 g/t and those
samplings were
processed through
ALS lab in Bamako.
The area has a good
following of local
artisanal miners,
yet commercial
production is a very
difficult for them
due to their lack of
adequate equipment
and capital.
Please visit the
company website for
details on projects
at
www.altomines.com
Notice Regarding
Forward-Looking
Statements
This news release
contains
"forward-looking
statements" as that
term is defined in
Section 27A of the
United States
Securities Act of
1933 and Section 21E
of the Securities
Exchange Act of
1934. Statements in
this press release
which are not purely
historical are
forward-looking
statements and
include any
statements regarding
beliefs, plans,
expectations or
intentions regarding
the future. Such
forward-looking
statements include,
among other things,
the development,
costs and results of
our exploration
program at our
properties and any
anticipated future
production. Actual
results could differ
from those projected
in any
forward-looking
statements due to
numerous factors.
Such factors
include, among
others, the inherent
uncertainties
associated with
petroleum
exploration and
development stage
exploration
companies. These
forward-looking
statements are made
as of the date of
this news release,
and we assume no
obligation to update
the forward-looking
statements, or to
update the reasons
why actual results
could differ from
those projected in
the forward-looking
statements. Although
we believe that the
beliefs, plans,
expectations and
intentions contained
in this press
release are
reasonable, there
can be no assurance
that such beliefs,
plans, expectations
or intentions will
prove to be
accurate. Investors
should consult all
of the information
set forth herein and
should also refer to
the risk factors
disclosure outlined
in our annual report
on Form 10-KSB for
the most recent
fiscal year, our
quarterly reports on
Form 10-QSB and
other periodic
reports filed from
time-to-time with
the Securities and
Exchange Commission.
ON BEHALF OF THE
BOARD
Alto Group Holdings,
Inc.
- - - - - - - - - -
- - -
Mark Daniel Klok
President and CEO