Mr. David Coburn reports

MASIVO SILVER EXTENDS AND COMPLETES FIRST HOLE AT CERRO COLORADO PROJECT

Masivo Silver Corp. has provided an update on its phase I diamond drilling program at the Cerro Colorado project in Sonora, Mexico.

The company reports that hole CC-26-001 has been successfully completed and extended beyond its original planned depth, intersecting a significant interval of what looks to be visible mineralization that is hosted within thick quartz veinlets and disseminations, consisting of what looks to be pyrite, honey-coloured sphalerite, freibergite, galena and minor chalcopyrite, Masivo notes that visual observations of mineralization are not a substitute for laboratory assays, and all samples will be submitted for analysis and results will be reported once received, reviewed and verified.

Hole CC-26-001 intersected a mineralized zone from approximately 213.60 metres to 248.70 metres, totalling 35.10 metres, characterized by strong sericite-smectite alteration and sulphide mineralization.

The drill program is progressing well, with the second hole, CC-26-002, currently under way and having reached a depth of approximately 180 metres.

The technical team, led by Jorge Rafael Gallardo, senior geologist, made the decision to extend hole CC-26-001, due to the continued presence of what looks to be visible mineralization in the core.

"Completing and extending the first hole, which ended in visible mineralization, is a strong indicator of the potential scale of the system at Cerro Colorado," stated David G. Coburn, chief executive officer of Masivo Silver. "We are encouraged by the alteration, sulphide assemblage and continuity observed, and we look forward to advancing the program."

About Masivo Silver Corp.

Masivo Silver is a Canadian junior exploration company focused on acquiring, exploring and advancing precious and base metal projects in Mexico and Nevada. The company's current portfolio includes the Cerro Colorado property in Sonora, Mexico, and the Boston mine project in Nevada. The company's processing facility, located in Nayarit, is capable of processing up to 300 tons of ore per day.

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