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Alto Ventures

Published : November 07th, 2007

Announces Closing Of Second And Final Tranches Of Private Placement

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======================================================================
News Release - Wednesday, November 07, 2007
Alto Announces Closing Of Second And Final Tranches Of Private
Placement
======================================================================

Vancouver, B.C., November 7, 2007. Alto Ventures Ltd. (ATV: TSX-V) is
pleased to announce that it has closed the second and final tranches of
its non-brokered private placement previously announced on October 9,
2007 and amended on October 16, 2007. The closing of the first tranche
was announced on October 26, 2007 which raised a total of $999,400
through the issuance of 6,926,152 flow through common shares at a price
of $0.13 per share and 900,000 units at a price of $0.11 per unit.

The Company has raised a further $1,659,460 through the issuance of
3,738,846 flow through common shares at a price of $0.13 per share and
10,667,364 units at a price of $0.11 per unit. The units consist of one
common share and one common share purchase warrant. Each warrant will
entitle the holder to purchase an additional common share at a price of
$0.20 for a period of one year from closing, subject to a written
expiry notice from the Company triggered by the Company's common shares
trading on the TSX Venture Exchange at or above a weighted average
trading price of $0.30 for 20 consecutive days and, upon such written
notice from the Company, the warrants will expire 30 days from the date
of such notice.

The total gross proceeds raised via this placement are $2,658,859.

Finders' fees were paid on a portion of the financing in the amount of
$16,022 in cash, the issuance of 96,950 broker warrants at a price of
$0.13 per warrant share and 42,000 broker warrants at a price of $0.11
per warrant share. All broker warrants are exercisable for a period of
one year expiring October 31, 2008 at exercise prices of $0.13 and
$0.11, respectively. All securities issued pursuant to the private
placement are subject to a four month hold period expiring March 1st
and March 6th, 2008.

Finders' fees were paid in the first tranche of the financing in the
amount of $64,961 in cash, 484,830 in broker warrants at $0.13 per
warrant share on the flow through portion and 63,000 in broker warrants
at $0.11 per warrant share on the unit portion. All broker warrants are
exercisable for a period of one year expiring October 24, 2008 at
exercise prices of $0.13 and $0.11, respectively.
All securities issued
pursuant to the first tranche of the private placement are subject to a
four month hold period expiring February 24, 2008.

Proceeds from this financing will be used for exploration work in the
Beardmore-Geraldton Gold Belt, diamond drilling of the Company's
Despinassy Property and for general working capital. Exploration in the
Beardmore-Geraldton area is very active and Alto is well positioned
with four gold projects in the belt. Drilling at Despinassy will focus
on advancing several of the previously identified prospects, including
the Darla Zone where 19.5 g/t gold was obtained across 2.1m from
drilling, as well as increasing the size of the DAC Deposit where
resources of 167,000 tonnes grading 6.88 g/t gold in the Indicated plus
445,000 tonnes grading 4.46 g/t gold in the Inferred categories were
estimated in compliance with NI43-101 standards.

Mike Koziol, P. Geo., P.Eng. and Alto's President and Director is the
Qualified Person that has reviewed and approved this news release.

About Alto Ventures Ltd
Alto Ventures Ltd. is a gold exploration and development company with a
portfolio of twelve properties in the Canadian Shield. With a pipeline
of quality projects, the Company's approach to maximizing opportunities
while minimizing exploration risk is to attract well financed partners
with the technical expertise to take the projects onto feasibility and
subsequently production.

Alto's Management and Board of Directors have a long and successful
track record of creating shareholder value through systematic
exploration, acquisitions and discovery. The Company is currently
active in Quebec where it is focussed on the Despinassy project in the
Abitibi Greenstone Belt and in Ontario in the Beardmore and Shebandowan
gold districts.


ON BEHALF OF THE BOARD,
Mike Koziol, P. Geo., P. Eng.
President


The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.


For further information contact:
Mark Prosser
Investor Relations Manager

ALTO VENTURES LTD.
910-475 Howe Street
Vancouver, BC, V6C 2B3
Tel: 604-638-3947
Fax: 604-689-3609
Email: mark@altoventures.com
Website: www.altoventures.com

======================================================================
Copyright (c) 2007 ALTO VENTURES LTD. (ATV) All rights reserved. For
more information visit our website at http://www.altoventures.com/ or
send mailto:info@altoventures.com
======================================================================
.

Alto Ventures

EXPLORATION STAGE
CODE : ATV.V
ISIN : CA0215502075
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Alto Ventures is a gold and cobalt exploration company based in Canada.

Alto Ventures holds various exploration projects in Canada.

Its main exploration properties are COLDSTREAM, DOG LAKE, EXPANSION LAKE, ALCUDIA, EAST COLDSTREAM, OXFORD LAKE, WINDFALL LAKE, COTE ARCHIE LAKE, MUD LAKE, EMPRESS PROJECT ( ALTO), THREE TOWERS, GREENOAKS, DESTINY GOLD and DESPINASSY in Canada.

Alto Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 6.0 millions as of today (US$ 4.6 millions, € 3.9 millions).

Its stock quote reached its highest recent level on May 22, 1998 at CA$ 9.10, and its lowest recent point on December 03, 2019 at CA$ 0.02.

Alto Ventures has 40 170 000 shares outstanding.

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Financings of Alto Ventures
11/7/2007Announces Closing Of Second And Final Tranches Of Private Pl...
Option Grants of Alto Ventures
12/18/2007 Elects Directors, Approves $1.8 Million Exploration Budget ...
Nominations of Alto Ventures
3/13/2007Appoints Koziol President
Project news of Alto Ventures
6/18/2013(Oxford Lake)Increases Land Holdings to 35,300 Hectares on Its 100% Owned...
6/27/2012(Coldstream)Foundation and Alto Ventures Amend Terms of Coldstream Acqui...
5/14/2012(Destiny Gold)Next Gen Metals Inc. and Alto Ventures Ltd. Intersect 22.7 G...
1/17/2012(Destiny Gold)Next Gen Metals Inc. and Alto Ventures Ltd. Resume 3,500 met...
7/19/2011(Destiny Gold)and Pacific North West Capital Commence First Phase of Explo...
7/6/2011(Coldstream)6,000 Metres of Diamond Drilling Commences at the Coldstream...
5/19/2011(East Coldstream)Drilling Continues to Hit Gold at the East Coldstream Deposi...
4/1/2011(Coldstream)Coldstream Property Expanded to the North of the High-Grade ...
3/22/2011(East Coldstream)New High-Grade Gold Intersected Approximately 1500 metres No...
3/17/2011(Alcudia)Receives Drilling Results From the 2011 Alcudia Project in t...
3/7/2011(Destiny Gold)and Pacific North West Capital Expand Gold Potential and Fil...
3/1/2011(East Coldstream)and Foundation Commission an NI43-101 Mineral Resource Estim...
1/24/2011(Destiny Gold)Updated NI 43-101 Mineral Resource Estimate Reports Signific...
10/5/2010(Coldstream)35.65 m Averaging 2.10 g/t Gold Intersected at the Sanders Z...
10/6/2009(Coldstream)Summer Exploration Program Completed on Coldstream Gold Proj...
12/11/2008(Mud Lake)2008 Exploration Program Identifies New Targets and Confirms...
10/1/2008(Greenoaks)CHANNEL SAMPLES UP TO 34.1 g/t (0.99 oz/ton) GOLD AT GREENOA...
9/4/2008(Greenoaks)PROVIDES EXPLORATION UPDATE ON BEARDMORE AREA PROJECTS
5/9/2008(Despinassy)Completes Winter Program, Receives Final Results From Drilli...
3/25/2008INTERSECTS HIGH GRADE GOLD AT DESPINASSY, QUEBEC
3/3/2008COMPLETES PURCHASE OF DESPINASSY PROJECT, QUEBEC AND STARTS ...
2/21/2008(Mud Lake)ALTO-WESCAN JOINT VENTURE CONTINUES TO INTERSECT GOLD ON THE...
1/29/2008(Mud Lake)GOLD INTERSECTED ON THE ALTO-WESCAN MUD LAKE PROJECT
10/4/2007(Mud Lake)Wescan Finalize Drill Contract For Mud Lake Project, Beardmo...
7/5/2007(Cote Archie Lake)Samples 8 g/t Gold at Cote-Archie Lake Project, Beardmoreger...
3/20/2006(Despinassy)continues to intersect high-grade gold at the DAC deposit, D...
Corporate news of Alto Ventures
8/18/2016Alto Stakes More Gold Claims at its 100% Owned Miner Lake Pr...
5/30/2016Final $150,000 Cash Payment Received From Sale Of Coldstream...
11/4/2015Alto Recovers 578 Gold Grains From Glacial Till Samples At M...
5/18/2015Priority Targets Identified From High-resolution Airborne Ma...
4/22/2015Priority Targets Identified From High-Resolution Airborne Ma...
4/1/2015Recovers Kimberlite Indicator Minerals on the West Fisher Cl...
4/1/2015Alto Ventures Recovers Kimberlite Indicator Minerals on the ...
2/26/2015Alto Ventures Ltd.: Priority Targets Identified From High-Re...
2/23/2015Alto Ventures Identifies Multiple Kimberlite Indicator Miner...
1/22/2015Alto Ventures Confirms Kimberlite Indicator Minerals on the ...
1/14/2015Alto Reviews 2014 Highlights and 2015 Exploration Plans
12/17/2014Alto Initiates Airborne Magnetometer Survey on Its Pikoo Are...
10/7/2014Alto Ventures Completes Till Sampling on Its Pikoo Area Diam...
9/9/2014Alto Ventures Commences Exploration on its Pikoo Area Diamon...
4/8/2014Alto Receives $750,000 in Virginia Mines Shares and Complete...
3/24/2014Alto Agrees to Sell its NSR Royalties on the Windfall and Al...
3/24/2014Alto Agrees to Sell Its NSR Royalties on the Windfall and Al...
3/19/2014Martin Doyle Adds Diamond Expertise To Alto's Board Of Direc...
3/19/2014Martin Doyle Adds Diamond Expertise to Alto's Board of Direc...
8/15/2013(Oxford Lake)Grab Samples 37.2 g/t Gold on Its 100% Owned Oxford Lake Pro...
4/11/2013Confirms Gold Potential for Over 1.6 km at Its 100% Owned Em...
9/19/2012Appoints New Director and Grants Stock Options
6/23/2011Summer Program Started at Miner Lake, Beardmore-Geraldton Go...
6/14/2011(East Coldstream)Drilling Intersects 5.18 g/t Gold at the East Coldstream Dep...
5/31/2011Announces Addition to Management Team
5/11/2011(East Coldstream)Drilling Indicates Continuity of Gold Mineralization, East C...
4/20/2011(East Coldstream)and Foundation Resources Drill 10 g/t Gold; Expand Main and ...
1/21/2009Provides Results from the Fall 2008 Exploration Programs
6/25/2008ALTO-WESCAN JOINT VENTURE
5/28/2008COMMENCES BUSY EXPLORATION SEASON ON BEARDMORE AREA GOLD PRO...
4/7/2008 e-invite to the Calgary Investment Conference
1/16/2008ACQUIRES MORE GROUND IN BEARDMORE-GERALDTON
12/11/2007 Samples 15.5 G/T Gold At Cote-801 Project, Beardmore-Gerald...
11/22/2007-Wescan Start Drilling Mud Lake Project, Beardmore-Geraldton...
10/17/2007Increases Financing To $2.65 Million
9/5/2007Acquires New Project In The Beardmore-Geralton Gold Belt
8/21/2007Wescan Joint Venture Approves $300,000 Fall Exploration Prog...
5/17/2007Retains Investor Relations Professional
3/20/2007Gold Intersected At Clarke Occurrence, Beardmore Area, Ontar...
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