SOURCE: Solitaire Minerals Corp.

August 20, 2009 14:13 ET

Solitaire Minerals Corp. Adds to Board of Advisors

VANCOUVER, BC--(Marketwire - August 20, 2009) - Solitaire Minerals Corp. (TSX-V: SLT) (Solitaire) is pleased to announce that Mr. Jeffrey Reeder, BSc., has accepted a position on the Board of Advisors and will assist Solitaire in exploration and conducting business in Peru.

Mr. Reeder is a registered professional geologist and a graduate of the University of Alberta with a BSc in geology. He has over 21 years of experience in mineral exploration from grassroots to advanced exploration programs. He has worked for over 15 years in Peru, exploring for porphyry copper-gold and epithermal gold systems during which time he recognized the potential of the Pinaya copper-gold porphyry project and acquired the project in early 2004 though his private company Canper Exploraciones. He later sold his private company to Acero-Martin Exploration and directed the initial exploration until early 2007. Mr. Reeder was also responsible for establishing the strong community support for the project and has acquired numerous contacts throughout Peru. Mr. Reeder is also responsible for other discoveries in Peru; most noteworthy would be the Aguila copper porphyry currently being explored by Duran Ventures.

Solitaire would also like to announce that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 1,250,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.12 per share.

About Solitaire Minerals Corp. (TSX-V: SLT) is a diversified Junior Canadian Mineral Exploration Company with a specific focus on mineral properties in North and South America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, Saskatchewan, the Northwest Territories, Quebec, and in southern Peru.

For additional information please contact Solitaire Minerals Corp. or visit www.solitaireminerals.com.

On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
"Charles Desjardins"

Charles Desjardins,
President and Director

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.

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. 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.

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