Soltoro Ltd.

Soltoro Ltd.

March 04, 2010 09:30 ET

Soltoro Acquires the Lupita Mine Property and Plans to Drill at Victoria Project

TORONTO, ONTARIO--(Marketwire - March 4, 2010) - Soltoro Ltd. (TSX VENTURE:SOL) has acquired a 100% interest in the 120 hectare 'La Lupita' gold-silver property in Jalisco State, Mexico. Soltoro's 100 % owned Victoria Project surrounds the Lupita property and covers a large portion of the historic Mascota-Navidad mining district. Mining in this district dates from the mid 1500's and was most active at the turn of the 19th century. The 10,985 hectare Victoria claim was staked by Soltoro in 2006 to cover this 20 kilometre mineralized trend.

The Lupita Mine property is located near the southern end of Soltoro's Victoria claim block. It was last in production at the end of the 19th century when it was operated by a US-based syndicate. The high-grade gold–silver veins were mined down to a depth of 230 metres over 11 levels. In 1997, sampling by a Canadian-listed junior mining company of the upper levels returned up to 28.4 gpt gold and 1,280 gpt silver from grab samples. Samples taken from the mine dump returned up to 23.3 gpt gold and 3,545 gpt silver.

The mineralization at the historic Lupita Mine occurs in a dilation section between several quartz veins. The strike length of the Lupita Mine vein system at surface is 150 metres. In April of 2009, on the Victoria property, Soltoro identified a 500 metre long soil anomaly with a high of 1.23 gpt gold over a similar dilation section approximately 600 metres north-east of the Lupita Mine. Two historic mine workings located in the area of this anomaly confirm that the source of the soil anomaly is from quartz veins. One end of this anomaly is within 100 metres of the boundary of the Lupita property boundary. An 8 hole drill program is planned to test this 500 metre long anomaly.

Andrew Thomson, President and Chief Executive Officer, stated: "The Victoria property reflects Soltoro's continuing activities in the historically significant Mascota-Navidad mining district. A drill program has been designed to test a 500 metre long gold soil anomaly for a high-grade, gold-silver deposit similar to that of the Lupita Mine. The Company is also considering drilling below the Lupita Mine workings."

Soltoro acquired 100% of the 120 hectare Lupita Mine property by making a US $ 25,000 payment on signing, agreeing to advance royalty payments totalling US $ 535,000 over 10 years and granted a 2% NSR payable to vendor. Soltoro may at any time purchase 1% of the NSR for US $ 1,000,000 and apply any advance royalty payments made to the buy-out.

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA. Mr. Terence J. Bottrill, P.Eng., a consultant, member of the advisory board of the Company and a qualified person as defined by NI 43-101 has reviewed the contents of this press release. Field supervision of the Victoria Project is provided by Mr. Chris Lloyd, M.Sc., Vice President, Exploration.

Soltoro is a junior exploration company exploring for bulk tonnage gold, silver and copper deposits in Mexico. The Company is preparing an NI 43-101 resource calculation at its El Rayo silver-gold project; has recently completed a geophysical survey at its La Tortuga project; and is also actively advancing advancing its Quila, Victoria, Chinipas and El Santuario projects. Soltoro has 34,997,850 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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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