Soldi Ventures Inc.
TSX VENTURE : SOV

Soldi Ventures Inc.

May 09, 2011 16:15 ET

Soldi Ventures Inc. Announces Results from the Winter Drill Program on the Rainy River and Cameron Lake claims

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2011) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) reports that the company has received final assay results from its winter diamond drilling program on its Rainy River and Cameron Lake area claims in northwestern Ontario. Hole FL05-11 on the Cameron Lake "B" block returned a low gold value of 0.91 grams per tonne of gold (g/t Au) across 0.28 metre, as well as anomalous gold (0.22 g/t Au) across 7 metres.

The assay of 0.91 g/t Au came from a narrow pyritic zone in an intermediate metavolcanic rock. The hole was drilled under the Meahan showing, where narrow quartz veins have yielded multi-ounce gold assays in the past. The anomalous gold of 0.22 g/t Au over a 7-metre core length is hosted in a massive mafic to ultramafic rock with disseminated pyrrhotite. The samples were also analyzed for platinum-group metals, but these were not present at anomalous levels.

Two holes were drilled to test airborne conductors on Rainy River Block "C". They intersected mafic metavolcanics with disseminated to streaky pyrrhotite, which explains the conductivity. Samples did not return anomalous gold values.

Surface exploration, primarily prospecting, mapping and sampling, is planned for Rainy River Blocks "B" and "C". On the 14,000-acre block "B", several areas of interest have been defined by previous exploration. Previous prospecting had sampled mineralized rocks that gave assays up to 0.45 grams per tonne gold. A government lake-sediment geochemical survey defined several anomalies up to 229 ppm copper (median value = 50 ppm), one of which also contains the anomalous value of 0.44 ppm silver (median value = 0.13 ppm). The VTEM® airborne survey defined 103 separate EM anomalies that form 36 discrete conductive trends. The longest and strongest of these conductive trends are associated with the margins of the Phinney Lake stock, a high-level granitic body that has intruded into the volcanic pile. Airborne magnetic data show several cross-faults, one of which is spatially associated with the copper-silver lake-sediment anomaly and two separate conductive trends. Block "C" appears to have had little or no prior exploration, and will be significantly advanced by a prospecting and sampling program.

To view a detailed map of Soldi's complete land position please visit the following link: http://www.soldiventuresinc.com/pdf/map/soldi_ventures_ontario_7dec_2010.pdf.

Technical information in this news release has been prepared and/or revised by Mike Magrum, P.Eng., Director and Qualified Person as defined in NI 43-101 for Soldi.

You can now find Soldi Ventures Inc. on Twitter at http://twitter.com/soldiventures.

Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian junior gold exploration company focused on discovering 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.

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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