Soltoro Ltd.
TSX VENTURE : SOL

Soltoro Ltd.

August 21, 2012 09:00 ET

Soltoro Agrees to Transfer 100% Ownership of the Victoria and Coyote Concessions to Argentum Silver

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2012) - Soltoro Ltd. (TSX VENTURE:SOL) has received notice from Argentum Silver Corp. (TSX VENTURE:ASL) that it has elected to trigger the early exercise provisions of the option agreement signed with Soltoro Ltd. (TSX VENTURE:SOL) on April 25, 2011 to acquire a 100% undivided interest in the Coyote and Victoria Silver Gold Properties located in the State of Jalisco, Mexico. Soltoro is proceeding to complete the transfer of 100% ownership of both properties to Argentum Silver's Mexican subsidiary. Soltoro and Argentum Silver recently completed two separate royalty agreements whereby Argentum Silver has granted Soltoro a 3% Net Smelter Return (N.S.R.) royalty on both property groupings. The agreements will be filed against title on transfer of 100% ownership. Soltoro retains a 3% N.S.R. interest in each project whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2% for each project. In addition, Soltoro holds 6,760,000 common shares of Argentum Silver.

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Soltoro has successfully monetized two of its exploration properties in order to remain focused on defining further resources at its 100% owned El Rayo primary silver project also in Jalisco State. Soltoro holds 14.7% of the common shares of Argentum Silver, which provides Soltoro shareholders with exposure to any discovery made on all of Argentum's projects in southern Mexico. Additionally Soltoro retains a 3% NSR royalty participation on each of the Victoria and Coyote property groupings. Argentum Silver plans to resume a drill program at Coyote in the later part of the year."

About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State. Soltoro is focused on expanding silver resources at the El Rayo silver project. Soltoro holds 14.7% of the common shares of Argentum Silver Corp. and a 3% N.S.R. payable to Soltoro on the Victoria and Coyote properties. Soltoro has optioned the La Tortuga project to Gold Reserve Inc. The Company is seeking partners to advance the balance of its projects. Soltoro has 59,118,037 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur d'Alene Mines Corp. holds 4.5 million shares of Soltoro Ltd.

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.

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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