SOLTORO LTD.
TSX VENTURE : SOL

SOLTORO LTD.

August 02, 2011 08:00 ET

Soltoro's El Rayo Silver Deposit NI 43-101 Resource Report Filed on SEDAR

TORONTO, ONTARIO--(Marketwire - Aug. 2, 2011) - Soltoro Ltd. (TSX VENTURE:SOL) has filed its NI 43-101 resource estimate for its 100% owned El Rayo silver project on SEDAR and made it available on the Company's website. The report was prepared by Roscoe Postle Associates Inc. ("RPA"). The El Rayo property is located approximately 110 km west-northwest of Guadalajara, Jalisco State, Mexico. The NI 43-101 compliant Mineral Resources were estimated by RPA and include an updated estimate of the Mineral Resources of the Las Bolas Structure, the Highway Zone, and the northern extension of the El Rayo Structure.

Soltoro has defined significant bulk-tonnage silver resources on the northeast trending Las Bolas and Highway Zone structures. The table below lists the Mineral Resources for the Las Bolas and Highway Zones:

Las Bolas & Highway Zone Deposit Silver Resource
Deposit Area Cut-off grade (g/t Ag) Tonnes (millions) Average Grade (g/t Ag) Contained ounces of Silver
Measured Mineral Resources
Las Bolas 20 5.90 63.86 12,100,000
Indicated Mineral Resources
Las Bolas 20 24.20 51.17 39,900,000
Highway Zone 20 3.50 56.54 6,300,000
Total Measured and Indicated Mineral Resources
Las Bolas & Highway Zone 20 33.60 54.00 58,300,000
Inferred Mineral Resources
Highway Zone 20 0.20 44.34 300,000
Notes:
1. CIM definitions were followed for Mineral Resources.
2. Mineral Resources were estimated using prices of US$27/oz Ag. No credits are assigned for other metals.
3. Metallurgical recovery is assumed to be 74% of the contained silver.
4. High silver values are cut to 400 g/t Ag.
5. The Las Bolas deposit is modeled at a minimum of 5 m true thickness of mineralization.
6. The numbers for tonnage, average grade and contained ounces of silver are rounded figures.
7. The above resources are constrained by a Whittle optimized pit shell and constitute 87% of the modelled mineralization is within a conceptual open pit for the Las Bolas Structure and 64% for the Highway Zone.

The Company has also been investigating the gold potential at the north end of the El Rayo structure. Previous drilling had identified a gold zone one kilometre in strike length. At a pit discard cut-off grade of 0.35 g/t Au, the resource estimate for the northernmost 250 metres of the gold structure is reported by RPA as follows:

El Rayo Northern Zone Gold Resource
Deposit Area Cut-off grade (g/t Au) Tonnes (thousands) Average Grade (g/t Au) Contained
ounces of Gold
Indicated Mineral Resources
El Rayo North 0.35 380 1.85 22,600
Inferred Mineral Resources
El Rayo North 0.35 365 1.61 18,900
Notes:
1. CIM definitions were followed for mineral resources.
2. Mineral Resources were estimated using prices of US$1,300/oz Au. No credits were assigned for other metals.
3. Metallurgical recovery is assumed to be 90% of the contained gold.
4. The Rayo Extension deposit is modeled at a minimum of 5 m vertical thickness of mineralization.
5. The numbers for tonnage, average grade and contained ounces of gold are rounded figures.
6. The above resources are constrained by a Whittle optimized pit shell.

A copy of the full resource estimation report is available on the SEDAR website and by following this link on Soltoro's website: http://www.soltoro.com/projects/pdf/Soltoro/RPA2011-ElRayoNI43-101.pdf

The Mineral Resources were estimated by Hrayr Agnerian, M.Sc. (Applied), P.Geo., Associate Principal Consulting Geologist with RPA. Mr Agnerian is the Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has verified the data disclosed in this release.

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 54,719,482 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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