Soldi Ventures Inc.

Soldi Ventures Inc.

October 12, 2010 09:00 ET

Soldi Ventures Inc. Acquires Another Strategic Land Package Along the Rainy River Gold Belt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2010) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) has acquired 800 contiguous acres (20 units) of prospective gold property along trend in the Rainy River greenstone belt to be named the Rainy River Block "C" property. In total, Soldi has strategically staked 18,960 acres of prospective gold property in the Kenora Mining District of Ontario. Soldi's land package reaches from its original land package (Cameron Lake Block "A" and Cameron Lake Block "B"), which borders Coventry Resources' Cameron Lake deposit immediately to the west, announced May 22, 2009 down to the three recently staked Rainy River Blocks along trend to the Rainy River discovery.

To view a detailed map of Soldi's complete land position please visit the following link:

Please note that this map does not identify all of the recent staking in this area from other companies.

Rainy River Resources Ltd. and several other Companies have aggressively staked up to Soldi's newly acquired property and beyond the Cameron Lake deposit placing Soldi in a strategically central location. This recent staking follows the northeast southwest trending Rainy River greenstone belt which has the potential of hosting volcanogenic massive sulphide (VMS) deposits in addition to other types of gold deposit models.

This newly acquired gold property is located northwest of Soldi's recently acquired Rainy River Block "A" property which consists of 3 contiguous claims covering a total of 1,120 acres (28 claim units) immediately south of the Rainy River Gold Project in the Kenora Mining District of Western Ontario. Rainy River Resources Ltd. has stated that its resource estimate has increased to 2.37 Moz gold in the indicated category and 2.66 Moz gold in the inferred category after their 2009 drill program. Bayfield Ventures Corp. has also experienced success in the area with drill results as high as 35.93 g/t gold over 10.0m within 13.28 g/t gold over 28.0m (Refer to the Bayfield September 7th 2010 release) among other significant intercepts.

Further to the news release dated June 1, 2010, the Company has determined that the Phase 1 program on the Cameron Lake properties has determined that further exploration is required on the properties in order to identify drill targets. 

Technical information in this news release has been prepared and/or revised by Colin Bowdidge, Ph.D., P.Geo., Qualified Person as defined in NI 43-101 for Soldi.

Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian Exploration Company focused on discovering world class gold deposits in politically safe jurisdictions. In light of the Rainy River gold discovery and others in the area, the Rainy River gold belt will be a high priority for the Company's exploration efforts.

For additional information please contact Soldi Ventures Inc. or visit

Charles Desjardins, President and Director

On behalf of the board of SOLDI VENTURES INC.

Charles Desjardins, President, CEO, CFO, Secretary and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

"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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