November 24, 2011 09:18 ET

Soltoro Reports 80 to 82% Silver Recovery on Soledad at El Rayo Primary Silver Project in Mexico

TORONTO, ONTARIO--(Marketwire - Nov. 24, 2011) - Soltoro Ltd. (TSX VENTURE:SOL) has received positive metallurgical test results from samples from the Soledad structure at its 100% owned El Rayo primary silver project in Jalisco, Mexico. The east-west trending Soledad structure represents a new and significant mineralised silver zone unknown at the time of the last NI 43-101 resource estimate. These results will be included in the upcoming revised resource study being completed by Roscoe Postle & Associates expected by the end of the first quarter of 2012.

The first phase of metallurgical test work has now been completed by Hazen Research, Inc. of Golden, Colorado. Hazen carried out flotation tests on the three samples analysing nominally 257, 158 and 90 g/t Ag at various grinds. A summary of the flotation tests is provided below:

Sample Cal
Concentrate Tails Ag
Ag g/t Ag g/t Pb % Wt. % Ag g/t Pb % Wt. % %
High Grade 257.9 3020 6 7.0 50 0.10 93.0 82% 75-106 micron
Med. Grade 153.1 2000 5 6.2 31 0.08 93.8 81% 150 micron
Low Grade 87.6 910 4 7.7 19 0.05 92.3 80% 75-106 micron

The silver concentrate was obtained by bulk flotation of sulphides using standard flotation reagents and standard procedures. Silver is present within an assemblage of lead, zinc and copper sulphides.

Andrew Thomson, President and Chief Executive Officer, stated: "The positive metallurgical results provided by Hazen confirm our view that the newly discovered high grade silver Soledad ore shoots are amenable to conventional metallurgical treatment to provide a high grade silver concentrate with excellent recoveries. These results are being included in the revised resource study underway by Roscoe Postle & Associates."

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.

Soltoro has retained the services of Dr. Ashok Dalvi, P. Eng to oversee the work being performed by Hazen with a focus on process development and strategic planning. Until recently Dr. Dalvi served as Director of Process Engineering and Strategic Studies at Vale Inco.

Hazen Research Inc. Based in Golden, Colorado is currently carrying out metallurgical testing on La Soledad, as well as Las Bolas and Catarina deposits which form parts of Soltoro's El Rayo primary silver project in Jalisco, Mexico. Hazen Research has more than 50 years of experience in metallurgical testwork and process development.

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. 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 Chinipas, La Tortuga, El Santuario and Peña Grande projects. Soltoro has 56,716,537 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur D'Alenes Mines Corp. holds 4.5 million shares of Soltoro Ltd.

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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