Soltoro Ltd.
TSX VENTURE : SOL

Soltoro Ltd.

March 31, 2011 09:00 ET

Soltoro Drilling Returns 160 Metres of 47 gpt Silver at El Rayo Primary Silver Project in Mexico

TORONTO, ONTARIO--(Marketwire - March 31, 2011) - Soltoro Ltd. (TSX VENTURE:SOL) recently completed four diamond drill holes in the Las Bolas resource area and one hole in the Matachines resource area. Three of the holes in the Las Bolas area were step-out holes designed to increase the existing NI 43-101 resource, test the envelope of the Las Bolas deposit and test for a sulphide zone at depth. The step-out holes encountered significant mineralized widths in excess of 85 metres with one hole intercepting 160 metres of 47 g/t silver. Ray11-54 was drilled 400 metres off the main structure and is one of the deepest holes completed to date in the Las Bolas deposit area. Ray11-54 encountered oxidized sulphides at depth suggesting that this hole has reached the transition zone between oxidized and sulphide mineralization. One infill drill hole Ray11-56 was completed on section S04. Results were returned as follows:

Section   Drill   From:   To:   Width:1   Silver:
Line:   Hole:           (metres)   (g/t)
S04   Ray11-54   76.1   85.7   9.6   63
        227.5   245.0   17.5   44
    Including   227.5   231.6   4.1   78
        268.7   385.0   116.3   47
    Including   268.7   279.5   10.8   69
    Including   285.5   289.2   3.7   102
    Including   373.5   383.4   9.9   72
S03   Ray11-55   94.0   99.5   5.5   60
        198.0   220.0   22.0   50
        252.1   338.9   86.8   44
S04   Ray11-56   5.0   12.0   7.0   43
        27.0   44.2   17.2   44
        61.0   66.7   5.7   47
        105.0   128.7   23.7   43
        174.0   199.0   25.0   42
        222.0   258.9   36.9   49
S01   Ray11-57   16.0   26.0   10.0   42
        81.0   241.0   160.0   47
    Including   124.0   140.0   16.0   80
    Including   210.0   241.0   31.0   81
    Including   216.0   224.0   8.0   106
   
1 All intersections are reported as drilled thickness. True widths are not known at this time but are close to drilled widths.

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "The deeper holes drilled at Las Bolas continue to intercept significant widths of mineralization at depth. This drilling indicates that we have reached the transition zone between oxide and sulphide mineralization. Further drilling to test for the sulphide zone at depth is warranted. Resource definition drilling is ongoing."

A single drill hole was completed in the Matachines mine area on the south end of the Las Bolas structure 100 metres south of prior drilling by Soltoro. This drill hole was designed to test both the strike extension of the Las Bolas structure and the projected intersection of the Las Bolas and La Soledad structures at depth. This drill hole was completed 200 metres south of the Matachines Mine. Results were returned as follows: 

Deposit   Section   Drill   From:   To:   Width:
1
  Au   Silver:   Lead   Silver Equ.:
2
Area:   Line:   Hole:           (metres)   (g/t)   (g/t)   (%)   (g/t)
Matachines   S22   Ray11-58   51.5   66.5   15.0   0.080   23   4.39   118
        including   56.0   60.0   4.0   0.150   41   8.08   214
            72.0   77.0   5.0   0.026   14   2.67   73
            231.0   245.0   14.0   0.010   43   0.08   43
 
1 All intersections are reported as drilled thickness. True widths are not known at this time but are believed to be close to drilled widths
2 Gold values were not included in the silver equivalent calculation; metallurgical recoveries & net smelter returns are assumed to be 100%. The price of silver was assumed to be $US 37/oz and the price of lead was assumed to be $US 1.20/lb.

A map showing the location of the drill holes may be viewed at: http://www.soltoro.com/projects/pdf/NR91Drillhole.pdf
Sections will be made available on Soltoro's web site when they are completed. To view a 3D image showing the new holes in relation to the Las Bolas deposit please visit Soltoro's web page at www.soltoro.com.

The Company has also completed a soil sampling program above the Las Bolas deposit area in order to identify potential drill targets along the Santa Fe north east extension. A total of 677 samples were taken over a strike length of 5 km. A trenching program has been completed on the Soledad structure south the Las Bolas structure. The Soledad structure has been traced for approximately 900 metres along strike with 22 trenches completed to date. La Soledad is a north west trending structure which runs parallel to the Catarina structure and perpendicular to the Las Bolas structure. La Soledad has never been drill tested and is covered by overburden for the most part. Results from the trenching program are being compiled and will be released shortly.

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA finish while the silver is analyzed using a four acid "near total" digestion package. Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico is a qualified person as defined by NI 43-101 has reviewed and approved the contents of this press release.

About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. The Company continues to expand the existing NI 43-101 compliant primary silver resource on its El Rayo project. Soltoro has optioned a portion of its Quila claim to Timmins Gold Corp., optioned its Victoria and Coyote claims to Argentum Silver Corp. and is actively advancing its La Tortuga, Chinipas, El Santuario and Peña Grande projects. Soltoro has 47,658,629 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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