Soltoro Ltd.

Soltoro Ltd.

January 21, 2007 13:03 ET

Soltoro Joint Ventures Quila Property to Southern Silver and Completes Induced Polarization Study at La Tortuga

TORONTO, ONTARIO--(CCNMatthews - Jan. 21, 2007) - Soltoro Ltd. (TSX VENTURE:SOL) has entered into a joint venture agreement with Southern Silver whereby it may acquire a 70% interest in Soltoro's Quila property by issuing a total of 500,000 shares and spending US$3 million on exploration over five years with $150,000 as a firm commitment in year one. Under the terms of the option agreement, 50,000 shares were issued upon signing, 75,000 shares are due at the end of each of year one and two, and 100,000 shares in years three through five for a total of 500,000 shares. Once Southern Silver has earned its option in the property, Soltoro shall retain a carried 30% interest to delivery by Southern Silver of a bankable feasibility study and shall participate as a 30% working interest partner thereafter. Share issuances are subject to regulatory approval.

Southern Silver is a junior exploration company active in Mexico led by Lawrence Page. Soltoro acquired title to the 22,427 hectare Quila concession in December of 2006. Initial staking was carried out to cover a series of geophysical magnetic highs south east of and contiguous to a series of claims optioned and owned by Southern Silver. Numerous bornite showings and historic silver lead mine areas are present within the Quila claim.

Soltoro's La Tortuga copper gold porphyry project is being investigated for a similar style deposit as the Quila claim. La Tortuga is 3 kilometres to the west of the Quila claim. A 62 kilometre Induced Polarization (IP) grid array study was completed in December of 2006. The study has defined a 4 by 0.5 kilometre high chargeability anomaly primarily over the Papagayo ridge where porphyry rock outcrops at surface and a prior fluid inclusion study concluded that the Papagayo ridge should be investigated for a porphyry copper deposit. Soltoro believes this area may host such a porphyry system and is the source for numerous copper, gold and silver occurrences and historic mines on the property. A 3 dimensional image of the IP has been generated from the survey and is being used to delineate drill targets.

Soltoro Ltd. is a junior exploration company active in Mexico with 18,023,600 shares outstanding. 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 over CDN $2.6 M in cash.

Mr. Phillip C. Walford, P.Geo, is the Company's qualified person as defined by National Instrument 43-101 and has reviewed the contents of this press release. He has over 37 years of experience in mineral exploration.

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.

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