Toro Energy Limited

Toro Energy Limited (ASX:TOE) today released letter to shareholders and uranium market update.

Nova Energy Namibia Pty Ltd (owned by Deep Yellow Ltd, Toro Energy Limited (ASX:TOE) and Sixzone Investments) will commence an approximate 10,000m reverse circulation drilling program this week on their tenements in Namibia. Deep Yellow Limited (ASX:DYL), operating through Reptile Uranium Namibia (Proprietary) Limited, will manage this program designed to test the "Alaskite-style" uranium potential of EPL 3669. The approximate drill lines are shown on Figure 1 and are subject to strict environmental and rehabilitation conditions.

Uranium developer, Toro Energy Limited (ASX:TOE) (PINK:TOEYF) is pleased to announce the appointment of Mr Martin Janes to the role of General Manager - Marketing and Project Finance, as part of the Company's senior management team based in Adelaide.

Toro Energy Limited (ASX:TOE) (PINK:TOEYF) has submitted documentation on which the Federal and Western Australian Governments will make final decisions about the company's 100% owned Wiluna Uranium Project.

Toro Energy Limited (ASX:TOE) is pleased to announce exciting anomalous uranium intersections from OZ Minerals Limited (ASX:OZL) (PINK:OZMLY) 2010 drilling on the Mt Woods Project, near Prominent Hill in South Australia. Toro has uranium rights covering four exploration tenements surrounding the Prominent Hill Mine Lease in South Australia.

Toro Energy Limited (ASX:TOE) (PINK:TOEYF) announce the execution of a comprehensive Letter of Intent with MPI Nickel Pty Ltd 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.

Toro Energy Limited (ASX:TOE) (PINK:TOEYF) is pleased to announce that, following expenditure of more than A$1 million and successful completion of five Reverse Circulation and thirteen aircore drill holes, Toro has achieved a majority 50.01% ownership interest in the Birrindudu Uranium Joint Venture in far northeastern Western Australia.

Toro Energy Limited (ASX:TOE) hereby provides notice to the ASX that on the 12 January 2011 it has granted to director's 6,000,000 unlisted options to acquire shares in the company subject to shareholder approval.

Toro Energy Limited (ASX:TOE) wishes to advise the completion of the Contract for the transfer to Toro Energy of full ownership of certain Wiluna (WA) tenements and Lake Way and Millbillillie pastoral leases and two house leases adjacent to the Wiluna township.

Toro Energy Limited (ASX:TOE) is pleased to provide the following summary of the Company's technical success with its mainstream 2010 uranium exploration programs across its Western Australian and Northern Territory projects.