ATV Alto Ventures Ltd

Alto Ventures Ltd. (TSX VENTURE:ATV) and Next Gen Metals Inc. (TSX VENTURE:N) - 



--  3,500 metre diamond drill program in progress to test the strike
    extension of the DAC Deposit. 
--  Drilling will test the under-explored one kilometre section of the
    Despinassy Shear between the DAC Deposit and the Darla Zone. 
--  As of January, 2011 the DAC Deposit contains an Indicated Resource of
    364,000 ounces of gold plus an Inferred Resource of 247,000 ounces of
    gold. 



Alto Ventures Ltd. ("Alto") and Next Gen Metals Inc. ("Next Gen") are pleased to
announce the resumption of the 3,500 m drill program on the Destiny Gold
project, located near Val-d'Or, Quebec. 


The drill program is focused mainly on testing the under-explored area between
the DAC Deposit and the Darla Zone at shallow depths (Figure 1). The DAC Deposit
is one of several significant gold zones along a four kilometre segment of the
Despinassy Shear Zone. As of January 2011, the DAC Deposit has an Indicated
Resources of 10.8 Mt grading 1.05 g/t Au (at 0.5 g/t Au cutoff) for 364,000
ounces of gold and Inferred Resources of 8.3 Mt grading 0.92 g/t Au (at 0.5 g/t
Au cutoff) for 247,000 ounces of gold.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/atv117i.pdf. 


Previous drilling on the Darla Zone, one kilometre to the east, intersected high
gold grades including 19.5 g/t gold over 2.1 m and 20.6 g/t over 0.8 m within
strongly altered rocks similar to those hosting the gold zones at the DAC
Deposit. The large area of almost one kilometre between the DAC Deposit and the
Darla Zone has previously been tested by only two drill holes, and therefore
remains under-explored. The assay results for the two holes indicate that the
gold-mineralizing system was active between DAC ands Darla, such that there is
excellent potential for discovery of new gold zones here (Figure 1). If results
from these widely spaced holes are positive, infill drilling will be planned to
generate sufficient data for the preparation of an updated NI43-101 compliant
Mineral Resource Estimate report incorporating results from previous Darla
drilling and all new data from between the Darla Zone and the DAC Deposit.


About the Destiny Property

The property consists of 177 claims totalling 7,421 ha and is located
approximately 100 km by road north of the city of Val-d'Or. The property is
accessible by provincial highway 397 which passes through the property.


On September 26, 2011, Pacific North West Capital assigned its interest in the
initial Option Agreement with the property owner, Alto Ventures Ltd., to Next
Gen Metals Inc. Under the terms of the Option Agreement, Next Gen is responsible
for all remaining cash payments and exploration expenditures due to be paid or
incurred, as the case may be, under the initial option with Alto Ventures Ltd.


PFN has fulfilled its obligations for the first two years of the Option
Agreement and will continue to be responsible for issuances of common shares to
Alto.


About the DAC Deposit

The main area of mineralization on the Destiny Gold Property is the DAC Deposit
which occurs over a strike length of about 600 m. In this area, five
identifiable intervals of quartz veining and shear-related alteration zones
carry significant gold mineralization for which a Mineral Resource Estimate
Report was prepared in 2011.


The Mineral Resource Estimate Report was prepared for the DAC Deposit by
Wardrop, a Tetra Tech Company (Wardrop) and filed on Sedar on March 7, 2011.
Using a cut-off grade of 0.5 g/t gold and the Inverse Distance Squared (ID2)
estimation method, the five gold zones that make up the DAC Deposit contain an
Indicated Resource of approximately 10.8 million tonnes with an average grade of
1.05 g/t gold (364,000 contained ounces). In addition, the Inferred Resource
totals approximately 8.3 million tonnes with an average grade of 0.92 g/t gold
(247,000 contained ounces). The resources block considers the mineralization to
start at approximately 15 m below surface down to a depth of 400 m for the
deepest zone. The mineralization remains open below 400 m. For details regarding
the resource estimate methods and calculation parameters used in preparation of
the Report please see the news releases issued by Alto and PFN on March 7, 2011.


The Report can be view on each of the Company's websites at
www.nextgenmetalsinc.com and www.altoventures.com.


Mineral Resources are not Mineral Reserves and by definition do not demonstrate
economic viability.


The DAC Deposit remains open along strike and to depth and is one of several
significant gold occurrences along a four kilometre segment of the Despinassy
Shear Zone. The Darla Zone, which lies one km east of the DAC Zone, was
discovered in 2006. At this location, drilling intersected 19.5 g/t gold across
2.1 m and 20.6 g/t over 0.8 m. The occurrence of high grade gold mineralization
in the Darla, DAC and 20 and 21 zones clearly indicates that the mineralizing
system occurs across a significant portion of the property. The gold
mineralization at these occurrences starts near surface, and with additional
drilling these targets could add significant contained ounces to the already
defined resources at the DAC Deposit.


Qualified Person Statement

This news release has been reviewed and approved for technical content by Mike
Koziol, P. Geo, a qualified person under the provisions of national instrument
43-101.


About Next Gen Metals Inc.

Next Gen is a mineral exploration company whose current focus is on silver, gold
and base metals projects in North America. The Company has acquired a 60% option
interest (TSX VENTURE:ATV) on the Destiny Gold Project (Indicated Resource of
364,000 ounces plus an Inferred Resource of 247,000 ounces of gold). In
addition, Next Gen is presently advancing the Silver Chalice Project, located in
Alaska, and the Fate Gold Project adjacent to the Destiny Gold Project, both of
which are located in the Abitibi Greenstone Belt of Northwest Quebec, one of the
most famous gold and base metals regions in the world. Next Gen continues to
aggressively negotiate for additional advanced-stage silver, gold and base metal
projects on an international scale.


Next Gen http://www.nextgenmetalsinc.com is the newest company to join the
International Metals Group ("IMG") (www.internationalmetalsgroup.com).


About Alto Ventures Ltd.

Alto Ventures Ltd. is an exploration and development company with a portfolio of
highly prospective Canadian gold and base metals properties. The Company is
active in Quebec in the Abitibi greenstone belt on the Destiny gold property and
in Ontario, exploring in the Beardmore-Geraldton gold belt. In Manitoba, the
Company is focused on the gold and base metals potential of the highly
prospective but relatively under-explored Oxford Lake property.


For more details regarding the Company's projects, please visit our website at
www.altoventures.com.


ON BEHALF OF THE BOARD,

Rick Mazur, P. Geo., CEO & Director

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