Soltoro Ltd.

Soltoro Ltd.

February 01, 2007 09:00 ET

Soltoro Grants Stock Options

TORONTO, ONTARIO--(CCNMatthews - Feb. 1, 2007) - Soltoro Ltd. (TSX VENTURE:SOL) reports that on January 31, 2007, subject to regulatory approval, it granted incentive stock options to directors, officers, employees and consultants of the Company. Directors, officers and consultants were issued 295,000 options exercisable at a price of CDN$0.63 per share for a period of five years. An additional 150,000 options were issued to Tim Gallagher, the Company's investor relations consultant, at a price of CDN$0.63 per share for a period of two years. All options granted are subject to vesting under the Company's stock option plan.

In addition to being issued options, the Board of Directors has approved a twelve-month contract for investor relations and market-making services with Tim Gallagher pursuant to which he shall receive a monthly fee of CDN$6,000 plus approved expenditures.

Soltoro Ltd. is a junior exploration company active in Mexico with 19,023,600 shares outstanding prior to the current placement. The Company is exploring for gold, silver and copper deposits in Mexico with a management team that has been active in Mexico since 1993. Shares trade on the TSX Venture Exchange under the symbol SOL. Soltoro is well financed with in excess of CDN$3.1 M in cash.

On behalf of the board,

Andrew Thomson, President

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release.

Contact Information

  • Soltoro Ltd.
    Andrew Thomson
    (416) 987-0722