ATV Alto Ventures Ltd

Alto Ventures Ltd. (TSX VENTURE:ATV) ("Alto") is pleased to announce it has
entered into an amending agreement with Foundation Resources Inc. ("Foundation")
concerning the consolidation of its ownership in the Coldstream property in
Ontario (the "Property") (see Press releases dated November 9, 2011 and February
16, 2012). As consideration for Alto's 40% interest in the Property, Foundation
was to pay $2,500,000 payable through the issuance of 10,000,000 Foundation
common shares at a price of $0.12 per share (all of which shares have been
issued) and $1,300,000 in cash over a six month period. Foundation has paid to
Alto $350,000 and $950,000 continues to be due to Alto, as secured by a
debenture on the Property.


Pursuant to the amending agreement, the remaining $950,000 (the "Balance") will
be paid by Foundation through the payment of a minimum of 20% of the aggregate
net proceeds of any non-flow through equity financing raising completed by
Foundation (including the Foundation financing announced June 22, 2012),
provided however that the Balance must be paid in full not later than November
21, 2013 (the "Due Date"). Foundation will pay to Alto, in addition to the
Balance, a fee of 5% of the balance of the Balance amount outstanding as at
November 21, 2012 (the "First Extension Fee"), of which a deposit of $21,000
will be paid towards the First Extension Fee upon completion of an equity
financing announced June 22, 2012, and the balance of such First Extension Fee
will be due and payable by Foundation within five Business Days of November 21,
2012.


Foundation retains the right to extend the Due Date to May 21, 2014 (the
"Extension Right"). As consideration for the Extension Right, if exercised,
Foundation shall pay to Alto 5% of the balance of the Balance amount outstanding
as at November 21, 2013.


About Alto Ventures Ltd.

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

Richard J. Mazur, P. Geo., CEO

Alto Ventures (TSXV:ATV)
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