Soldi Ventures Inc.
TSX VENTURE : SOV

Soldi Ventures Inc.

February 14, 2012 09:00 ET

Soldi Ventures Inc. Receives Assay Results From Hole 4 of the 2012 Drill Program at the Golden Bullet Project, Newfoundland

Final Results and Summary of 2011 Drill Program at the Golden Bullet to Come Shortly

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2012) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to provide assay results from Drill Hole SV-12-04, from the 2012 drilling program on its Golden Bullet project, in central Newfoundland. Drill Hole SV-12-04 was drilled to test the extension of a historical high grade intercept of 57.46 g/t Au over 4.30 meters previously disclosed as the Knob showing. Drill Hole SV-12-04 was planned to intercept the target depth approximately 15 metres south of the historical intercept.

The current assay results were determined using a standard fire assaying technique, however due to the coarse free gold observed in Drill Hole SV-12-04, management has concluded that metallic gold assaying could more accurately reflect true gold grades. As a result, further metallic assaying has been ordered. Analyses for all assaying techniques were performed by Eastern Analytical in Springdale, Newfoundland.

Assay results for the high grade section in Hole SV-12-04 include 93.96 g/t gold (3.02 ounces/ton) over 0.85 metres. This intercept is included in a section grading 62.67g/t gold (2.02 ounces/ton) over 1.30 metres, which is within a section grading 41.70g/t gold (1.34 ounces/ton) over 2.00 metres, all within a larger 7.10 metre intercept that graded 12.40g/t (0.40 ounces/ton). The true width of the zone is unknown. Further drilling will be required to determine the true width.

See Table 1 below for the complete results from the intercepts assayed;

Table 1. Assay results from Hole SV-12-04 from the First 2012 Drill Program
Drill Hole Easting Northing Azimuth Dip From
(m
) To
(m
) Length
(m
) Gold
(g/t
) Total
Depth
(m
)
SV-12-04 657072 545564 180 -45 35.55 42.65 7.10 12.40 74
Incl. 35.55 41.70 6.15 14.18
Incl. 36.15 41.70 5.55 15.62
Incl. 37.35 41.70 4.35 19.62
Incl. 39.20 41.70 2.50 33.33
Incl. 39.70 41.70 2.00 41.43
Incl. 39.70 41.00 1.30 62.67
Incl. 39.70 40.55 0.85 93.96

Golden Bullet Project Overview

The two primary licenses within this project are the Golden Bullet License and the Boulder License. A significant amount of historical work has been completed on the Golden Bullet License identifying a number of prospects and showings. Prospects can be defined as areas of interest that have been drilled whereas showings are defined as having limited work.

Soldi completed fifteen diamond drill holes during the recent 2011 winter drill program which was successful in identifying multiple zones of visually significant mineralization, with many holes containing visible gold.

Table 2. Notable Intercepts from Holes 6 and 7 of the Winter 2011 Drill Program
Drill Hole Easting Northing Azimuth Dip From
(m
) To
(m
) Length
(m
) Gold
(g/t
) Total
Depth
(m
)
SV-11-06 657112 5425580 200 -45 13.75 18.50 4.75 0.811 92
Incl. 13.75 17.00 3.25 1.026
25.30 28.30 3.00 1.115
39.20 44.60 5.40 7.220
Incl. 39.20 42.35 3.15 12.030
Incl. 39.20 41.35 2.15 17.360
Incl. 39.20 40.30 1.10 31.850
Incl. 39.60 40.30 0.70 45.750
SV-11-07 657076 5425572 180 -45 42.50 76.00 33.50 1.274 83
Incl. 42.50 74.70 32.20 1.320
Incl. 58.85 76.00 17.15 1.984
Incl. 58.85 64.20 5.35 5.550
Incl. 59.20 59.70 0.50 18.230
Incl. 61.85 62.65 0.80 20.240
(Previously reported in press release dated January 18th 2012)

Hole SV-11-06 has the most significant high grade intercept with 45.8 g/t Au over 0.70 metres (m), within intercepts of 17.36 g/t Au over 2.15 m and 12.03 g/t Au over 3.15 m within a wider zone of 7.2 g/t Au over 5.4 m.

Forty meters to the northwest of Hole SV-11-06, Hole SV-11-07 also had a number of very significant intercepts with 20.24 g/t Au over 0.80 m and 18.23 g/t Au over 0.50 m within an interval grading 5.55 g/t Au over 5.3 m, within an interval grading 1.984 g/t Au over 17.15 m, all within a very broad zone of 1.322 g/t Au over 32.2 m.

Historical Drilling at the Golden Bullet License

The two most significant historical gold showings are the grab sample of 2,130 g/t, recorded by Noranda and the 338.6 g/t gold discovered by Rubicon Minerals in a grab sample in 2005. Grab samples are selective by nature and are unlikely to represent average grades on the property.

Other notable gold intercepts from historical diamond drilling include: 57.46 g/t over 4.30 m, 38.53 g/t over 6.45 m, 106.2 g/t over 2.3 m, 102.2 g/t over 0.76 m, 32.2 g/t over 1.6 m, 24.38 g/t over 1.83 m and 8.98 g/t over 14.33 m. These historical intercepts were drilled by Noranda beginning in 1987 and later continued by a Gander River Minerals and Hemlo-Bristol Joint Venture in the early 1990's. The Project lies within Davidsville Group turbiditic sediments including intervals of slate, siltstone and sandstone-greywacke that are interpreted to conformably overlie and be imbricated with the Gander River Complex. A belt of greywacke dominant sediments bound between two topographic linears appears to play a significant role in the known distribution of gold showings. The historical data has not been verified.

Technical information in this news release has been prepared and/or revised by Mike Magrum, P.Eng., 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.

On behalf of the board of SOLDI VENTURES INC.

Charles Desjardins, President

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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