Soltera Mining Corp.

Soltera Mining Corp.

September 24, 2009 06:00 ET

Soltera Mining Corp. Announces Intention Plan to Commence Near-Term Alluvial Gold Production at El Torno

JUJUY, ARGENTINA--(Marketwire - Sept. 24, 2009) - Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. (PINK SHEETS:SLTA)(FRANKFURT:SN7) is pleased to communicate Soltera's plan to commence the exploitation of the alluvial part of the El Torno gold property in Argentina.

Soltera is planning a small-scale gold production from surface material at El Torno. The last such operation ceased in 2007 due to illness on the part of the titleholder, and the main pieces of processing equipment, together with workers accommodations are still in place. The data on gold grade and tonnage produced by this exploitation work would be incorporated into the main exploration program.

The previous production was from surface weathered material that covers an area of one third of a square kilometer located about 2 km east of the main gold-bearing vein. The surface weathering is 2 to 3 m deep and can be dug by backhoe. It consists of weathered sedimentary rocks (sandstone and shale) with pieces of quartz from the small gold-bearing veins that cut the rock strata.

The back hoed material was put through a 3 cm mesh screen and the fines loaded into a 15-tone truck for transportation 4 km to a trommel with 40 m3/hr capacity. The trommel used water from a dam in a nearby stream and the overall effect was to wash out the clays, discard pebble sized materials and direct sand-sized particles through a sluice to a settling tank from which gold was recovered.

Soltera's management estimate that it would be possible to produce up to 2,000 ounces of gold per year very quickly with the existing equipment and to double this with additional equipment. There is no firm data confirming the tonnage and grade potential, but there certainly appear to be very substantial tonnages of surface material suitable for processing.

This small-scale gold production would also provide valuable data on the main targets at El Torno, which are potentially large open pit areas indicated by strong geochemical anomalies. For example, while the alluvial part is marked by a low-level geochemical anomaly that suggests relatively weak mineralization, 2 km to the south there is a wider and much more prospective area with a strong geochemical anomaly that has not yet been tested. We would test this and other prospective areas throughout the property by small-scale mining of surface material in addition to surface sampling and drilling.

Soltera management estimates that the production operation would cost a maximum US$400,000 to start up and the value of gold recovered in the first year could be around US$1.4M. Discussions are in progress about renting the existing processing equipment.

Soltera has recently filed its Annual Report for 2008 and is preparing its 10-Q filings for 2009. Once these documents have been filed with the SEC and Soltera is current with its United States filings, Soltera will work towards being reinstated for quotation on the OTCBB. Soltera is also currently in the process of raising funds to carry out the program described herein.

About El Torno

El Torno is located in the Andean Cordillera near the international border with Bolivia and is within a major mineralized belt that extends several hundred kilometers through Argentina into Bolivia. The project covers an area of 78 km2 that contains a very large gold-bearing quartz vein system that extends intermittently north-south for 14 km with veins up to 20 m wide.

The central parts of the system have been worked since the Incas, resulting in approximately 1000 m of underground galleries. More recent work by Penoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold (non-NI 43-101 compliant).

The full report on the El Torno Exploration with maps is available from Soltera's website:

Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.

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