Soltoro Ltd.
TSX VENTURE : SOL

Soltoro Ltd.

March 28, 2008 09:23 ET

Soltoro Receives Notice Southern Silver Proceeding With Second Year Earn in Option at Quila

TORONTO, ONTARIO--(Marketwire - March 28, 2008) - Soltoro Ltd (TSX VENTURE:SOL) has received notification from Southern Silver Exploration Ltd. that it wishes to proceed into the second year of its option on the Quila gold-silver-copper project in Jalisco, Mexico. On February 7th, 2008, Soltoro received 75,000 common shares of Southern Silver as first year anniversary payment under the terms of the option agreement. Southern Silver was required to carry out US$150,000 in exploration expenditures in year one and has an obligation to expend US$350,000 in year two in order to retain its option. Southern Silver may acquire a 70% interest in Soltoro's Quila property by issuing a total of 500,000 shares and spending US$3 million on exploration in the next four years. Soltoro shall retain a carried 30% interest to delivery by Southern Silver of a bankable feasibility study and shall participate as a 30% working interest partner thereafter.

Southern Silver is a junior exploration company active in Mexico led by Lawrence Page. Southern Silver is exploring the 'Minas de Ameca' property grouping which includes Soltoro's 22,427 hectare Quila concession. The Minas de Ameca properties are being explored for their porphyry copper-gold potential and gold-silver potential along a 25 kilometre long mineralized corridor. Mapping and reconnaissance surface sampling have been completed throughout the property and several areas are targeted for more detailed follow-up. One drill hole, which tested a prominent chargeability anomaly in the northern portion of the Quila claim, has been completed. Drilling intersected several intervals of moderate to strong argillic alteration and pyritic sulphides.

Southern Silver has indicated they will carry out up to 1,500 metres of drilling during the 2008 exploration season which will focus on the Altavista prospect, located about 7.0 kilometres to the east of the previous drilling, where up to 3.8 metres of 7.12 gpt gold was returned from surface sampling of hematite-quartz breccias.

The Minas de Ameca property grouping is 3 kilometres to the east of Soltoro's La Tortuga copper-gold porphyry project which is being investigated for a similar style deposit as the Quila claim. The La Tortuga claim is under joint venture to SMM Exploration Corporation, a subsidiary of Sumitomo Metal Mining Co., Ltd, ("Sumitomo") one of Japan's leading copper mining and manufacturing companies. A drill program has just been completed at La Tortuga with assays pending at the time of this release.

Soltoro is a junior exploration company active in Mexico. The Company has 20,215,000 shares outstanding. The Company is exploring for bulk tonnage gold, silver and copper deposits in Mexico. Soltoro's shares trade on the TSX Venture Exchange under the symbol SOL.

On behalf of the board,

Andrew Thomson, President

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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