Soltoro Ltd.
TSX VENTURE : SOL

Soltoro Ltd.

June 21, 2011 09:00 ET

Soltoro Intercepts Near Surface High-Grade Silver in 4 Drill Holes Including 43.7 Metres of 300 GPT Silver at the El Rayo Project

TORONTO, ONTARIO--(Marketwire - June 21, 2011) - Soltoro Ltd. (TSX VENTURE:SOL) has received results for an additional 6 diamond drill holes completed on the Soledad structure at the El Rayo primary silver deposit in Jalisco, Mexico. The east-west-trending Soledad structure represents a new and significant mineralised zone unknown at the time of the resource study which resulted in the recently released NI 43-101 measured and indicated resource of 58.3M ounces of contained silver (NR98-June 14, 2011). Soledad has been intersected near surface over a strike length of 500 metres. Currently two diamond drills are testing the extent of the mineralization which remains open along strike in both directions as well as at depth. The most recent drill results were returned as follows:

StructureSection
Line
Drill
Hole
1
From
(m)
To
(m)
Width2
(m)
Ag
(g/t)
uncut
Ag
(g/t)
cut
3
Soledad565800RAY11-6619.262.943.7222217
incl.35.039.84.8446446
incl.59.562.93.4730670
incl.60.561.71.21,1701,000
Soledad565775RAY11-6724.033.09.08282
Soledad565825RAY11-6851.395.043.7300234
incl.86.095.09.0738414
incl.87.388.51.21,8401,000
incl.91.992.91.02,9101,000
Soledad565850RAY11-6946.551.44.98484
66.6120.353.7115115
incl.71.072.51.5565565
incl.117.5120.32.8297297
Soledad565550RAY11-7336.269.733.5198198
incl.40.752.511.8317317
incl.48.049.61.6921921
incl.68.669.61.1777777
1. Soltoro has not yet received complete assay results for RAY11-71 and RAY11-72. RAY11-70 did not intersect any significant mineralisation.
2. All intersections are reported as drilled thickness. True widths are not known at this time.
3. All silver assays greater than 1,000 g/t Ag were cut to 1,000 g/t Ag.

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Initial drilling on the Soledad structure has returned wide, near-surface, high-grade silver intervals along a 500 metre strike length. Currently one drill is focused on testing the Soledad structure along strike in both directions while the second drill is stepping back on holes targeted to test the potential at depth. The Soledad structure has the potential to add further 'open pit' ounces to our current 58.3M ounce silver resource."

A drill hole location map and sections of the newly drilled holes from the Soledad structure may be viewed at: http://www.soltoro.com/projects/pdf/DHJune21Soledad.pdf

Recently completed detailed geological mapping carried out over the newly discovered Soledad structure, as well as the historical Catarina and Aquacero mines and the Highway Zone, indicates that Soledad lies within a distinct east-west zone of structural deformation and quartz vein brecciation south of the fault which appears to offset the Highway zone and the southern end of the Las Bolas deposit. Mapping also extended the potential length of the historical Catarina deposit by several hundred metres to the west into an area where it is mostly covered by a younger sequence of rhyolitic volcanic rocks.

A detailed review of Soltoro's airborne geophysical survey, together with available regional geological mapping and satellite imagery, outlines extensive possible continuations of known mineralised structures and various displacements which indicate possible faulted continuations of the known zones as various future exploration targets. Some of these potential targets also correspond to clusters of higher-amplitude electromagnetic anomalies from the original airborne survey, adding to the potential for the discovery of additional mineralisation on the property possibly in situations similar to the recently outlined Soledad zone which lies just beneath a thin cover of shallow soil.

A soil geochemical survey has been initiated to determine whether this is an effective exploration tool to locate mineralised zones beneath shallow cover and soil. Initial results indicate that mineralisation may be located by using this approach.

On June 14, 2011, Soltoro released an in-pit mineral resource estimate for the Las Bolas and Highway Zone mineral deposits at its 100% owned El Rayo silver-gold project in Jalisco, Mexico (NR98-June 14, 2011). At the cut-off grade of 20 g/t Ag the Measured and Indicated Mineral Resources are 33,600,000 tonnes at an average grade of 54 g/t Ag containing approximately 58.3 million ounces of silver, and 200,000 tonnes of Inferred Mineral Resources at an average grade of 44.3 g/t silver, containing approximately 300,000 ounces of silver. The mineral resource estimate was prepared by Hrayr Agnerian, M.Sc. (Applied), P.Geo., Associate Principal Consulting Geologist with Roscoe Postle Associates Inc. and is compliant with National Instrument (NI) 43-101. Mr Agnerian is the Qualified Person for the purposes of National Instrument 43- 101.

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. 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 has two diamond drills operating at the El Rayo silver project with the objective of expanding the existing NI 43-101 silver resource. An orientation drill program is also being carried out at the Chinipas project in the State of Chihuahua to investigate the potential for a bulk mineable gold deposit. Soltoro has optioned a portion of its Quila claim to Timmins Gold Corp. and optioned its Victoria and Coyote claims to Argentum Silver Corp. The Company continues to actively advance its La Tortuga, El Santuario and Peña Grande projects. Soltoro has 49,635,018 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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