Toro Energy Limited

Toro Energy Limited (ASX:TOE) are pleased to announce the execution of comprehensive legal documentation with MPI which sets out the commercial and legal framework for the purchase of certain mining tenements adjacent to the Centipede deposit at Toro's Wiluna Uranium Project in Western Australia. Details of this transaction were announced in ASX release dated 17 February 2011.

Drilling by Toro Energy Limited (ASX:TOE) at its 100%-owned Theseus uranium prospect in Western Australia is continuing to report anomalous uranium intersections over a wide area.

Drilling by Toro Energy Limited (ASX:TOE) at its 100%-owned Theseus uranium prospect in Western Australia continues to expand the large uranium mineralised system, with the aerial extent now defined over an 8km2 area. Although the grade tenor at Theseus remains to be defined in detail, this aerial extent is larger than the combined footprint of comparable systems such as the various deposits of the Frome embayment in South Australia. The mineralisation trend remains open in all directions except to the northwest.

South Boulder Mines Limited (ASX:STB) is pleased to announce the appointment of a highly experienced open cut mining engineer to the management team.

Toro Energy Limited (ASX:TOE) can now confirm that current drilling shows the Theseus Prospect to be a large uranium mineralised system that is at least 7.5km2 in area. The tenor of the uranium mineralisation reported from several holes has defined grades at levels that Toro consider, warrant further economic analysis.

Toro Energy Limited (ASX:TOE) (PINK:TOEYF) is pleased to announce the commencement of an enhanced resource assessment drilling program for the Theseus prospect, at the Company's wholly owned Lake Mackay uranium project in Western Australia.

Toro Energy Limited (ASX:TOE) (PINK:TOEYF) has commenced a program of pilot plant processing test work as part of its continuing assessment of the Wiluna Uranium Project. The processing plant testwork involves the use of ore samples taken during last year's resource trial pit and is being undertaken off-site in compliance with all relevant government approvals.

Toro Energy Limited's (ASX:TOE) (PINK:TOEYF) advanced Wiluna uranium project in Western Australia is to enter the public exhibition phase of government assessment from next Monday, 25 July, 2011.

Toro Energy Limited (ASX:TOE) (PINK:TOEYF) are pleased to announce the execution of a non-binding term sheet with a group of vendors led by Impact Minerals Ltd and including CITIC Nickel Pty Ltd, Talbot Group Investments Pty Ltd, Spar Resources Pty Ltd, John Rowntree and Teddy Tech Pty ltd, for the purchase of two exploration tenements, E51/1072 and E51/1075, 50km south of Meekatharra and about 150km west of Toro's Wiluna Uranium Project in Western Australia.

The transition of Toro Energy Limited's (ASX:TOE) (PINK:TOEYF) Western Australian Wiluna uranium project by 2013 into the State's first modern-era uranium mine is to be managed by a former Woodside (ASX:WPL) and Alcoa (ASX:AAI) executive, Dr Vanessa Guthrie.