NEI Netco Silver

NETCO SILVER INC. (TSX VENTURE:NEI) ("Netco" or the "Company") today announces
an increase in the size of the private placement financing (the "Financing") it
previously announced by news release dated February 3, 2012.


Due to demand, the Company has increased the size of the offering from 5,000,000
units to 6,300,000 units at a price of $0.125 per unit for gross proceeds of up
to $787,500. Unit terms remain the same, with each unit consisting of one common
share of the Company and one half of one common share purchase warrant, and each
warrant entitling the holder to purchase an additional common share at $0.22 per
share for a period of 24 months from the closing of the financing. The warrants
will contain a provision providing that if the Company's common shares trade at
a closing price in excess of $0.30 on the TSX Venture Exchange (the "Exchange")
(or such other exchange on which the Company's shares are then principally
traded) for a period of 10 consecutive trading days, the Company may issue a
notice accelerating the expiry date to 30 days from the date of such notice.


Proceeds of the financing will be used to fund exploration work commitments on
the Company's properties and for general working capital requirements. As
previously announced, finders' fees consisting of cash and/or securities may be
payable in connection with the financing, in accordance with the policies of the
Exchange.


All securities issued in connection with the financing will be subject to a
four-month hold period in accordance with applicable Canadian securities laws.
Closing of the financing will be subject to the approval of the Exchange.


Netco is a publicly traded exploration company focused on the discovery and
development of high-value precious metals deposits in the Americas. The Toruel
Property, covering 5,736 hectares, is located about 25 kilometers southeast of
the village of Los Menucos, Rio Negro Province, Argentina, and is prospective
for silver. The Company has the option to acquire up to 75% of the property.


NETCO SILVER INC.

Colin Bowkett, Director

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