ATV Alto Ventures Ltd

Alto Ventures Ltd. (TSX VENTURE:ATV) ("Alto") is pleased to announce completion
of the sale of its 40% interest in the Coldstream Gold Project to Foundation
Resources Inc. ("Foundation"). The Coldstream Gold Project is host to a number
of significant gold targets including the Osmani Gold Deposit (formerly the
"East Coldstream Deposit"), which has a NI 43-101 resource estimate of 763,276
ounces gold (30.5 million tonnes at 0.78 g/t gold) in the Inferred and 96,400
ounces gold (3.5 million tonnes at 0.85 g/t gold) in the Indicated categories.
This consolidation in ownership gives Foundation a 100% interest in the
property.


In consideration of the acquisition of Alto's 40% interest, Foundation has paid
Alto $350,000 in cash and issued 10,000,000 common shares of Foundation at a
deemed price of $0.12 per share. Within six months, Foundation will pay to Alto
a further $950,000 in cash, subject to a potential three month extension period,
for a total consideration of $2,500,000 in cash and shares. 


Rick Mazur, CEO and Director of Alto Ventures, stated, "Alto looks forward to
the prospect of increased value for our investment in the Coldstream Gold
Project through our equity interest in Foundation. The consolidation of this
asset will facilitate advancement of the Osmani Gold deposit and unlock the
tremendous exploration potential of the Coldstream property. The Foundation
exploration team has done a superb job in advancing the project during the
course of the option and joint venture." 


Paul Chung, CEO and Director of Foundation Resources, stated, "We are extremely
pleased and excited about this recent acquisition of the Coldstream Project.
With complete ownership of this project, Foundation and its shareholders now
have the opportunity to participate in 100% of the blue sky potential within the
Coldstream Gold Project and the planned resource expansion of the Osmani Gold
Deposit."


About Alto Ventures Ltd.

Alto Ventures Ltd. is an exploration and development company with a portfolio of
highly prospective Canadian gold properties in Manitoba, Ontario and Quebec.


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


ON BEHALF OF THE BOARD,

Richard J. Mazur, P. Geo., CEO

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