Soltoro Ltd.

Soltoro Ltd.

December 15, 2006 11:11 ET

Soltoro Ltd.: Sampling Program From El Rayo Mexican Silver Project Returns Significant Silver Grades and 17.6 Meters of 2.8 Grams Per Ton Gold

TORONTO, ONTARIO--(CCNMatthews - Dec. 15, 2006) - Soltoro Ltd. (TSX VENTURE:SOL) announces results from the latest sampling and mapping program on its El Rayo silver lead project in Jalisco Mexico. Soltoro is investigating the area for bulk tonnage silver deposits with gold and lead credits. To date, 11 underground mines have been located within three significant vein/stockwork systems. Sampling of these structures was carried out as follows:

1) EL RAYO STRUCTURE: The El Rayo vein structure has been traced over 2.5 kilometres with widths of up to 30 metres. Significant historic mining was carried out at the El Rayo and Catarina mines. Sampling of the Catarina portion of the vein was conducted underground and in the stockwork zone exposed at surface returned values as follows:

Location/Zone Sample Type Width/Metres Silver gpt Lead %
Catarina Mine Underground 1.8 381 0.99
Catarina Mine Underground 6 66 10.5
Catarina Mine Underground 9 126 0.53
Catarina Mine Surface - stwk 18 82 1.5

The underground values serve to confirm the high grade nature of the main vein system and grades within the surface stockwork zone evidence the potential for a bulk tonnage silver deposit. A coincident airborne geophysical anomaly with a surface area of 1500m by 500m has been identified in recently acquired geophysical survey data and will be explored in the context of this new geochemical information. Further to the northwest of Catarina the mineralogy appears to become more gold enriched. One hanging-wall stockwork section sampled 220 metres northwest of the Rayo Mine returned values as follows:

Location/Zone Sample Type Width/Metres Gold gpt
NW El Rayo Mine Surface - stwk 29.6 1.87
Including Surface - stwk 17.6 2.8

2) LAS BOLAS STRUCTURE: The Las Bolas structure has been traced over 3.0 kilometers with widths up to 16 metres. Significant historical underground mining took place along this structure at the Aguacero, Matachines and Las Bolas mines. Sampling results were returned as follows:

Location/Zone Sample Type Width/Metres Silver gpt Lead %
Aguacero Mine Surface - stwk 15.8 25 3.8
Highway Zone Surface - stwk 34 35 0.47
Matachines Mine Surface - stwk 4.5 69 2.9
Matachines Mine Surface - stwk 7.5 26 1.6
Las Bolas Mine Surface 1.5 517 3.45
Las Bolas Mine Underground 5.5 409 8.1
Las Bolas Mine Underground 3 266 3.13
Las Bolas Mine Underground 3 180 2.16
NE of Las Bolas Surface float 2010 16.7

The Aguacero area sampled is a quartz stockwork zone situated within bounding fault structures and is the SW extension of the Bolas-Matachines trend. The Highway stockwork zone is believed to be larger than sampled, extending beneath covering talus. A sample of dump material from the Arturo mine, roughly 170 metres NE of the Bolas Mine along the Bolas trend, returned bonanza grade silver values of over 2 kg/t Ag.

3) THE OCOTE STRUCTURE: The Ocote structure is made up of two discrete structures which have been traced over a total of 5.3 kilometers with widths of up to 12 metres. Significant historical mining took place at the Ocote, Nueva Suerte, San Rafael and Sacramento mines. Values were returned as follows:

Location/Zone Sample Type Width/Metres Silver gpt Lead % Gold gpt
San Rafael chip 1.2 24 0.26 1.14
San Rafael chip 0.8 4 0.08 2.27
San Rafael chip 0.8 37 0.22 1.47
Nueva Suerte chip 1.5 37 2.44 1.99
Nueva Suerte dump dump 255 3.94 2.17
Nueva Suerte dump dump 73 1.1 1.11
Nueva Suerte dump dump 66 1.1 2.16
El Camino dump dump 6 0.01 5.3
El Camino float float 14 0.04 1.57

Assaying of samples was conducted by ALS Chemex using fire assay with atomic absorption finish for gold and using 30gr sample charges. Silver and other elements were analysed using ICP geochemical methods with gravimetric assay for over limits. Mr. William McGuinty, P.Geo, is the Company's qualified person as defined by National Instrument 43-101 and has reviewed the contents of this press release.

Soltoro recently acquired an airborne geophysical report covering the entire 10,036 hectare El Rayo property which outlined 11 first priority geophysical anomalies out of a total 45 defined anomalies. The Company has conducted an initial review and contracted a geophysicist to provide a new interpretation of the data and suggest additional drill targets to be added to its 3,100 metre diamond drill program expected to begin shortly.

Soltoro Ltd. is a junior exploration company active in Mexico with 17,023,600 shares outstanding. The Company is exploring for gold, silver and copper deposits in Mexico with a management team that has been active in Mexico since 1993. Shares trade on the TSX Venture Exchange under the symbol SOL. Soltoro is well financed with over $ 2M in cash.

Additionally, the Company reports certifications for its interim financial statements and MD&A for the period ended September 30, 2006 contained a clerical error. The Company's Chief Executive Officer and Chief Financial Officer have filed revised certificates dated December 14, 2006 on Sedar in respect of these filings, and readers are directed to disregard the original CEO and CFO certificates dated November 29, 2006.

On behalf of the board, Andrew Thomson, President

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release.

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