Alto Group Holdings Inc. Commissions Compliance Report on Alto-Ashanti Gold Project in Ghana, West Africa

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alto Group Holdings, Inc. (OTCBB: ALTO.OB) (“Alto Group” or the “Company”), pleased to announce that the Company has commissioned a report on the Alto-Ashanti Gold Project in Ghana comprised of 7 gold concessions of approximately 200 sq. kms.

The report on the project is to bring the properties into compliance with N.I.43-101. National Instrument 43-101 (N.I. 43-101) is an internationally recognized mineral resource classification used for the public disclosure of information relating to mineral properties. It is a strict guideline for how public companies can disclose scientific and technical information about mineral projects. N.I. 43-101 is an instrument that sets Standards of Disclosure for Mineral Projects. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties.

The report will be authored by Dr. Allan P. Juhas, Ph.D. who has joined the Company in the capacity of a consultant. Mr. Juhas holds an H.B.Sc. and a Ph.D. in Economic Geology from University of Manitoba with extensive domestic and international experience in mineral economics, project and property evaluations, program design and supervision, generative reconnaissance through definition stage exploration and management in all facets of the minerals exploration industry. Dr. Juhas is considered a “Qualified Person” (Q.P.) under 43-101. A Qualified Person, in the spirit of the National Instrument, is required to be a reputable professional who is knowledgeable of the mineral property concerned, and who has sufficient experience and qualifications to make the statements which are made within the report.

The Alto-Ashanti Gold Project indicates the potential for a near surface, open pit gold operation in the soils and colluvium of these concessions. The project could have very low production costs associated with a processing plant. In addition, the concessions have significant hard rock, vein gold potential. A vein up to 2 meters in width is currently being excavated by primitive mining methods by African local miners that contains visible gold. The Company is conducting underground blasting to acquire fresh rock for gold assays that have been submitted for assay analysis at a laboratory.

The Company has named this the “Golden Arrow Zone” and it is rapidly becoming a priority target for immediate exploration, evaluating and diamond drilling. The hard rock potential of these 7 concessions are not well explored and potential exists for other veins, vein systems and mineralization to exist across the concessions.

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.

Alto Group Holdings, Inc.
Lee Rice
President C.E.O.
949-644-1433