Toro Energy Limited

Toro Energy Limited (ASX:TOE) is pleased to provide its Quarterly Activity Report for the quarter ended 31 March 2012.

The Board of Toro Energy Limited (ASX:TOE) would like to thank shareholders who participated in the recent Share Purchase Plan ("SPP") which closed on 6 March 2012.

Toro Energy Limited (ASX:TOE) Presentation at PDAC Uranium Session in Toronto. Toro Energy is an ASX listed uranium focused company and potential developer of Australia's next uranium mine with it's principal development asset, the Wiluna Uranium Project.

Toro Energy Limited (ASX:TOE) is pleased to report the results of initial bottle roll * extraction tests on mineralised material from the Theseus Project in Western Australia. Very high extraction rates of 95.5% and 96.4% were received for two composite samples with 75% of the extraction being completed in the first twelve hours. Additional bottle roll extraction tests will be finalised in the next few weeks.

Toro Energy Limited (ASX:TOE) announces a further upgrade to its total Wiluna regional resource base in Western Australia resulting from infill drilling and improved bulk density analysis of the Centipede deposit.

The Toro Energy Limited (ASX:TOE) Board is pleased to offer its eligible shareholders the opportunity to participate in a Share Purchase Plan (SPP). The SPP entitles eligible shareholders the opportunity to purchase up to A$15,000 worth of fully paid ordinary shares in the Company at an issue price of A$0.08 per share

Toro Energy (ASX:TOE) welcomes the announcement from Western Australia Opposition Leader Mark McGowan regarding the revised policy on uranium mines, which would allow those mines already approved to proceed if a Labor Government was formed in WA.

Uranium developer, Toro Energy Limited (ASX:TOE) has today executed a Heads of Agreement with Northern Minerals Limited (ASX:NTU) to initiate a new Joint Venture entitling Northern to explore for non-uranium minerals on seven of Toro's 100%-owned tenements in the Tanami region of the Northern Territory.

Toro Energy Limited (ASX:TOE) was granted a Trading Halt by the ASX pending an announcement of a capital raising initiative. Toro has been engaged with a number of Asian based investor groups interested in entering into strategic partnership with Toro through a cornerstone equity investment.

The final Environmental Review and Management Program for the Wiluna Uranium Project is expected to be lodged next month by Toro Energy Limited (ASX:TOE). The ERMP outlines the Company's plans to develop a uranium mine from late next year at Wiluna in Western Australia, and includes environmental management strategies and responses to public submissions.