Soltoro Ltd.

Soltoro Ltd.

August 19, 2010 09:23 ET

Soltoro Drills 61.5 Metres of 106 gpt Silver on Step Out Hole at Las Bolas Deposit on the El Rayo Project in Jalisco, Mexico

TORONTO, ONTARIO--(Marketwire - Aug. 19, 2010) - Soltoro Ltd. (TSX VENTURE:SOL) has completed further drilling to expand the Las Bolas deposit on its El Rayo property in Jalisco Mexico. Following the estimation of the indicated resource at Las Bolas silver deposit, Soltoro reviewed the mineralization with the objective of identifying any patterns or trends which could indicate zones of either or both higher grades or wider intervals. As the overall deposit dips at close to a constant 40° to the northwest, the distribution of the mineralization could best be seen on a plot in the plane of the deposit, i.e. with a dip of 40° Overall, a broad pattern could be seen in the distribution of the mineralization which indicated that both the grades and the true thickness of the mineralization were increasing with depth and along a plunge to the north (000°) as compared with the north-east (035°) strike of the surface exposure. Average intersections in the upper part of the deposit from surface to a depth of 50 metres in the south and 200 metres to the north were 71 g/t Ag over an average width of 31 metres. The deeper holes, i.e. from a depth of 50 metres in the east to 200 metres in the west, were on average higher grade at 81 g/t Ag and significantly thicker at 65 metres, i.e. over twice that of the shallow mineralization. The indication was that the thicker intervals of mineralization were hosted within vein stockworks and breccias within an original basalt agglomerate or volcanic breccia, a characteristic of many larger epithermal precious-metal mineral deposits.

With this new picture established, a drill program was planned to test the Las Bolas area mineralization at greater depth, following the deposit down the dip and along the northerly plunge. Ten step out drill holes were completed, two reverse circulation and eight diamond core, mostly of HQ core, in order to obtain suitable samples with high recoveries for subsequent metallurgical testing. This drilling resulted in the intersection of thick intervals of mineralization extending for a further minimum of 100 metres down-dip. Assays have now been received for the first three of these holes. The results are as follows:

Section Drill From: To: Interval: Silver:
Line: Hole:       (gpt)
S14 RC117 181.5 243.0 61.5 106
  including 205.5 235.5 30.0 172
S12 RC118 202.5 256.5 54.0 76
  including 235.5 250.5 15.0 125
S1 DDH41* 78.0 175.5 97.5 51
  including 114.0 175.5 61.5 64
  including 142.5 174.0 31.5 82
*Additional assaying underway to determine full extent of mineralization in top of hole

A plane of lode map showing the location of the drill holes and sections for the holes announced above may be viewed on the Company's website at:

Andrew Thomson, President and Chief Executive Officer, stated: "These results have expanded the size of the Las Bolas deposit and should result in a significant increase in the resource. Mineralization is getting thicker as we drill deeper. Additional drilling is also being carried out in the Highway Zone in order to include that zone in a future resource calculation as well as to provide core for planned metallurgical testing."

Initial observation of hole DDH41, the first of the deeper diamond drill holes from this programme, did not indicate significant obvious visual mineralization. Only representative samples from the first 78 metres were assayed. However, these samples averaged 48 g/t Ag over the entire interval from 3.0 to 78.0 metres from a low of 22 g/t Ag to a high of 78 g/t Ag. If the remaining, intervening samples, for which assays have yet to be received, are similar in grade it would indicate that the entire section of 171 metres from the bedrock surface is of potentially economic grade.

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 finish while the silver is analyzed using a four acid "near total" digestion package. 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 and approved the contents of this press release. Field supervision of the El Rayo project is provided by Mr. Chris Lloyd, M.Sc., Vice President, Exploration.

About Soltoro:

Soltoro is a junior exploration company exploring for gold, silver deposits in Mexico. The Company continues to drill at its El Rayo silver-gold project in order to expand the existing NI 43-101 compliant silver resource, recently completed a mapping sampling program at its Peña Grande project and is also actively advancing its Victoria, Quila, Tortuga, Chinipas and El Santuario projects. Soltoro has 35,047,850 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.

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.

Contact Information