Soltoro Ltd.

Soltoro Ltd.

February 14, 2011 09:00 ET

Soltoro Drilling Confirms Mineralization Extends to Surface in Main Zone of El Rayo Primary Silver Project in Mexico

TORONTO, ONTARIO--(Marketwire - Feb. 14, 2011) - Soltoro Ltd. (TSX VENTURE:SOL) has completed four diamond drill ("DD") holes in the Las Bolas deposit zone at the El Rayo Project in Mexico as part of its ongoing resource expansion drilling program. These four DD holes twinned prior reverse-circulation (RC) drill holes in order to test the upper portions of the RC holes which were not previously sampled where unsampled material was not retained for future sampling. The intent of the twinning program was to sample from surface in order to improve the stripping ratio of the deposit through identification of previously undetected mineralization and to confirm RC results. Results from this initial testing show that mineralization does in fact extend to surface and will contribute to reducing the strip ratio. A total of 432 metres was drilled and each hole was sampled in its entirety. Results were returned as follows:

Deposit Section Drill From: To: Width:1 Silver:
Area: Line: Hole:     (metres) (g/t)
LAS BOLAS S2 Ray10-53 0 81 81 45
    including 58.0 81 23 92
    including 73.6 81 7.4 148
LAS BOLAS S2 Ray10-512 0 120.5 120.5 67
    cut value 0 120.5 120.5 59
    including 89.0 120.5 31.5 149
    cut value 89.0 120.5 31.5 118
    including 103.0 120.5 17.5 227
    cut value 103.0 120.5 17.5 171
LAS BOLAS S3 Ray10-52 0 62.4 62.4 56
    including 29.0 62.4 33.4 89
    including 36.0 56 20 111
LAS BOLAS S3 Ray10-50 0 124 124 46
    including 101.8 122 20.2 132
    including 104.9 122 9.8 212
1All intersections are reported as drilled thickness. True widths are not known at this time but are believed to be similar to drilled widths.
2Sample 320457 from 103.0 to 104.0 m down-hole depth was cut from 1,980 g/t Ag to 1,000 g/t Ag.

Cross sections showing the location of the four newly drilled holes on section lines 2 and 3 along with results from previously drilled holes may be viewed on the Company's website at:

Andrew Thomson, President and Chief Executive Officer, stated: "We continue to expand the extent of the disseminated silver mineralization at El Rayo and demonstrate its open pit potential. Soltoro has completed the first deep step-out drill hole 100 metres north of Ray10-46 and encountered sulphides 260 metres down-hole. We stopped the hole at 404 metres. The second deep hole planned is now underway."

Prior assaying of the first 40 RC holes in the Las Bolas deposit area did not include assaying of the entire holes. The purpose of drilling these four diamond drill holes was to twin the RC drill holes and sample the core from surface in order to determine the continuity of the mineralization, carry out a comparative study and to get a better understanding of the geology. Interval results comparing prior RC results with the four diamond drill holes just completed were returned as follows:

Deposit Section Drill From: To: Width2: Silver:
Area Line: Hole:     (metres) (g/t)
Las Bolas S2 RC08-211 49.5 79.5 30.0 96
    Ray10-53 49.0 79.6 30.6 74
Las Bolas S2 RC08-281 81.0 127.5 46.6 143
    Ray10-513 82.0 127.5 45.5 94
    uncut 82.0 127.5 45.5 116
Las Bolas S3 RC08-271 96.0 126.0 30.0 148
    Ray10-50 96.0 126.0 30.0 97
Las Bolas S3 RC08-171 27.0 57.0 30.0 122
    Ray10-52 27.0 58.0 31.0 89
1Previously announced reverse circulation drill hole from news release NR44.
2All intersections are reported as drilled thickness. True widths are not known at this time but are believed to be similar to drilled widths.
3Sample 320457 from 103.0 to 104.0 m down-hole depth was cut from 1,980 g/t Ag to 1,000 g/t Ag.

Soltoro is investigating the assay results obtained and has not made a determination as to what may account for the variance in assay values between the RC and DD holes. The Company plans to twin additional RC holes on other portions of the Las Bolas deposit area to determine if mineralization extends to the surface in those areas and to check for further variances. Prior diamond holes twinned with RC holes in the Las Bolas did not show the same variance (Soltoro NR45).

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Silver and other base and trace elements were analyzed using four acid "near total" digestion with an ME-ICP finish. Standards provided by an independent company and locally derived blank samples are inserted for quality control purposes. Mr. Steven T. Priesmeyer, C.P.G., Vice President of Exploration for Soltoro Ltd. and a qualified person as defined by NI 43-101 has reviewed and approved the contents of this press release. Field supervision of the El Rayo project is provided by Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico.

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 45,609,348 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.

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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