Soldi Ventures Inc.

Soldi Ventures Inc.

August 31, 2011 09:00 ET

Soldi Ventures Inc. Updates Work Program at the Golden Bullet Project, Newfoundland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to update its current work program on its Golden Bullet Project in central Newfoundland.

The soil sampling on the recently acquired Boulder license (acquisition announced on May 16th 2011) has been completed and Soldi is currently awaiting assay results. Previous sampling on the Boulder license returned values of up to 5.4 oz/t Au (167 g/t) (announced August 16th 2011) from visible gold bearing angular quartz.

Within the Golden Bullet Project, a small trenching program west of the high grade Bullet prospect has further exposed the recently discovered Quarry showing for an additional 25 meters and has been expanded up to 10 meters in width. Mineralization remains robust and additional parallel veining up to 1.5 meters in width has been discovered nearby. Soldi is currently stripping and washing the exposed outcrop at the Quarry showing for channel sampling.

An upcoming soil sampling program around the Letha and Grouse prospects, found on the Golden Bullet license, will be carried out. This exploration will help to further define the 36 meter wide quartz vein system that has shown to hold high grade gold at surface and produced drill core showing 0.65 g/t Au over 33 meters. In addition to this work, soil sampling will be conducted along strike from the Knob prospect (located within the Golden Bullet license) to support the historical float sample assay of 93 g/t as well as the recently discovered quartz float samples averaging 4.2 g/t.

A new finding of visible gold has been discovered approximately 75 meters across strike from the Bullet prospect. The Bullet prospect, along with numerous other occurrences, appears to be trending toward the main, high grade Knob prospect three hundred meters to the west. Current exploration will determine the likelihood of all the prospects and showings being connected. To further this idea and to help identify additional trenching and possible drill targets, Soldi has commenced an Induced Polarity (IP) and Gravity Survey over all of the main target areas of the Golden Bullet license, including the high grade Knob and Bullet prospects. A total of 22.4 kilometers of surveying will be completed over the next week with expected trenching to follow.

Samples collected from the program are being analyzed at the Eastern Analytical Ltd. Laboratory located in Springdale, Newfoundland.

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.

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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, 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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