MFS Municipal Income Trust V.MFM

Netco placement

[a_brown]

Netco has 52 million shares outstanding, 57 million after this financing, announced today, at a small discount to today's price of 13 cents per share. Toruel, as we know, has a 75% option on Toruel as their sole property, and a market cap of approx $7.4 million fully diluted. That said, when compared with Marifil's projects, does anyone else concur that Marifil is ridiculously undervalued?

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2012) - Netco Silver Inc. (TSX VENTURE:NEI.V - News) ("Netco" or the "Company") is pleased to announce a non-brokered private placement financing of up to 5,000,000 units at a price of
.125 per unit for minimum gross proceeds of up to $625,000. Each unit will consist of one common share of the Company and one half of one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at
.22 per share for a period of 24 months from the closing of the financing. Proceeds of the financing will be used to fund exploration work commitments on the Company's properties and for general working capital requirements.

The warrants will contain a provision that if the Company's common shares trade at a closing price in excess of
.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.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Colin Bowkett
Netco Silver Inc.
Director
[phone]