Soltoro Ltd.

Soltoro Ltd.

January 05, 2011 08:00 ET

Soltoro Adds to Management and Issues Options

TORONTO, ONTARIO--(Marketwire - Jan. 5, 2011) - Soltoro Ltd. (TSX VENTURE:SOL) is pleased to announce that Mr. Steven Priesmeyer has joined the Company as Vice President of Exploration. Mr. Priesmeyer is an established geologist with 25 years of experience operating in Latin America managing exploration programs and developing projects. Mr. Priesmeyer will be responsible for proving up a minable resource at the El Rayo Primary Silver Project and continued development of the Company's extensive portfolio of properties. Previously Mr. Priesmeyer served as Exploration Manager for Monarch Resources Ltd. in Venezuela and Argentina, and worked for Santa Cruz Gold Mines Inc., Queenstake Resources Ltd. and MinCore Inc. in Mexico. During this time, he managed exploration for the advanced-stage Magistral gold deposit and the Tameapa copper-molybdenum porphyry deposit, both in Mexico. Mr. Priesmeyer has been involved in all aspects of exploration from grassroots through feasibility stage, including minesite exploration. He has a Master's degree in Geology, is a Qualified Person as defined by NI 43-101 and speaks Spanish.

Mr. Patrick Toth, P.Geo., has joined the Company as Vice President of Operations in Mexico. Mr. Toth is an established geologist with 15 years of experience operating in Latin America; specifically Argentina, El Salvador, Honduras, Nicaragua and Mexico. Mr. Toth will be responsible for project management and development of the El Rayo Primary Silver Project to include overseeing CSR community relations and Quality Assurance and Control programs for all of Soltoro's projects. Previously Mr. Toth served as Exploration Manager for Aura Silver Resources Ltd. and Senior Project Geologist for Intrepid Mines Ltd. and VenCan Gold Corp. Mr. Toth has strong management and organizational skills and has worked on projects ranging from grass roots exploration programs to detailed resource delineation. He has a B.Sc. in Geology, is a Qualified Person as defined by NI 43-101 and speaks Spanish.

Mr. Alvaro Lopez Picos has been promoted to Vice President Exploration in Mexico. Mr. Lopez has 22 years experience exploring in Mexico. Mr. Lopez's new responsibilities will include prioritising Soltoro's exploration projects beyond the El Rayo Primary Silver Project and carrying out further geological programs to attract suitable joint venture partners. Previously Mr. Lopez served as Senior Geologist in for Cominco, Kennecott, Western Silver Corp. and Apex Silver Mines Ltd. exploring for gold, silver, base metals and porphyry copper deposits in Mexico. While with Western Silver Corp., Mr. Picos was Project Manager for the start up and development of the Peñasquito deposit. Mr. Lopez has a degree in Geology and is a Mexican resident.

Andrew Thomson, President and C.E.O., stated: "Soltoro continues to add key management in order to further develop the El Rayo Primary Silver deposit. The Company expects to complete a revised NI 43-101 resource estimate in the first quarter of 2011 which will include all of the deeper drilling conducted in 2010. A 15,000 metre drill program for El Rayo has been outlined for 2011. The Company continues to seek partners for its other projects."

Soltoro Ltd. reports that on January 4, 2010, subject to regulatory approval, it has granted incentive stock options to directors, officers and consultants of the Company. A total of 1,935,000 options were issued exercisable at a price of $0.59 per share for a period of three years. All options granted are subject to vesting under the Company's stock option plan.

About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. The Company continues to develop its El Rayo silver-gold project to expand the existing NI 43-101 compliant primary silver resource. Soltoro has also recently completed a mapping and sampling program at its Peña Grande project and is actively advancing its Victoria, Quila, Tortuga, Chinipas and El Santuario projects. Soltoro has 45,559,348 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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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