Solitaire Minerals Corp.

Solitaire Minerals Corp.

January 19, 2010 11:00 ET

Solitaire Minerals Corp. and Partner Delta Uranium Inc. Announce Results From Spectroscopic Analysis, Athabasca Basin

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - Solitaire Minerals Corporation (TSX VENTURE:SLT) (Solitaire) would like to announce the results of spectroscopic analysis of clay minerals in boulder samples collected in the fall of 2009 on its C5 and C6 properties in the Wheeler River area of the Athabasca Basin, Saskatchewan. This data was collected and analyzed by Delta Uranium Inc. (TSX:DUR) (Delta), the operator of the project. The clay minerals, and other associated secondary minerals, confirm the existence of alteration systems that may be related to uranium mineralization at the unconformity.

253 samples were collected and analysed from the 1016 hectare C5 property. Illite is the dominant mineral across most of the property, indicating that the area lies in an alteration system. Dickite, which is the "unaltered" clay mineral that dominates throughout most of the Athabasca basin, is present only along the south-eastern flank of the property. There is a trend running along the length of the property in which several samples are dominated by kaolinite, chlorite or dravite; these minerals tend to occur in the central parts of alteration systems. In addition, the trend is marked by a slight but well defined increase in the total percentage of clay minerals, and coincides with a geochemical anomaly defined by analysis of the same samples (see January 7, 2010 news release). It also coincides with a conductor from a 2007 VTEM airborne survey, and a quartzite ridge in basement rocks, that was recognized by Cameco during a previous drilling program when the property formed part of the Cameco-Denison Wheeler River project. The presence of a quartzite ridge in the basement was an important factor in localizing uranium mineralization at the McArthur River mine, 30 kilometres on strike to the northeast.

78 samples were collected and analysed from the 161 hectare C6 property. Again, illite dominates in the great majority of samples, with a few samples containing kaolinite and dravite. There is also an area of increased clay mineral content in the centre of the property.

The C5 and C6 properties adjoin the Wheeler River property of the Denison-Cameco-JCU joint venture, where drill hole WR-273 intersected 6 metres of 62.6% U3O8 in the Phoenix Zone; the most recent large uranium discovery in the Athabasca basin. It is significant that there is a quartzite ridge on the flank of the Phoenix Zone. The C6 property lies 4 kilometres north of the Phoenix Zone, and the C5 property lies 6 kilometres northeast of the Phoenix Zone.

Delta intends to commence a program consisting of ground and/or airborne geophysical surveys leading to a spring drill program on its C5 and C6 properties.

Delta Uranium Inc. has an option to earn an 80% undivided interest in the C3 property and an option to earn a 75% undivided interest in the C4, C5 and C6 properties from Solitaire.

Technical information in this news release has been prepared and/or revised by Colin Bowdidge, Ph.D., P.Geo., VP Exploration, Director and Qualified Person as defined in NI 43-101 for Delta.

About Solitaire Minerals Corp.

Solitaire Minerals Corp. (TSX VENTURE:SLT) is a diversified Junior Canadian Mineral Exploration Company with a specific focus on precious and base metal properties in North and South America. The Company has assembled exploration projects in Ontario, Saskatchewan, the Northwest Territories, Quebec, British Columbia, and in southern Peru.

For additional information please contact Solitaire Minerals Corp. or visit

On Behalf of the Board of Directors


Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Neither the 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.

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