Mr. Andrew Thomson reports

SOLTORO SAMPLING TECOLOTE PROJECT FOR BULK TONNAGE GOLD POTENTIAL

Soltoro Ltd. has initiated a panel sampling program on its 100-per-cent-owned Tecolote gold project located in Jalisco, Mexico. The program is intended to test several zones of hydrothermal alteration for bulk-tonnage gold targets. The Tecolote project lies within the Guachinango district, which includes Soltoro's El Rayo primary silver project and Cayden Resources' El Barqueno gold project (Cayden is the subject of a recently announced acquisition by Agnico Eagle Mines Ltd.). In this part of Jalisco, mineralization occurs within a broad northwest-trending belt of gold-silver mining districts also including Endeavour Silver's San Sebastian project and Soltoro's Quila project.

Soltoro's early exploration on Tecolote focused on the northeastern portion of the property where numerous narrow, gold-bearing structures were identified by Grupo Mexico's subsidiary IMMSA in the early 2000s. The most significant gold and silver grades sampled by Soltoro were collected along the east-west-trending Carmelita vein, which yielded three metres averaging 14.16 grams per tonne (g/t) gold and 308 g/t silver (Soltoro news release dated June 17, 2013). While the gold-bearing veins remain a significant target, subsequent systematic exploration by Soltoro has identified several potential bulk-tonnage gold zones that require mapping and sampling.

Early chip sampling suggested that gold was present in alteration zones but that a panel sampling program (large-volume samples) was warranted. In July Soltoro initiated a panel sampling program intended to systematically evaluate these alteration zones, which are associated with felsic volcanic centres, in order to define bulk-tonnage gold targets for drilling. Samples are being collected from panels, rather than narrow channels, to ensure representativity. Select results from chip and preliminary panel sampling are presented in the associated table.

                     PRELIMINARY SAMPLING RESULTS

Target area               Sample No.   Sample type (1)   Au (ppb)   Ag (g/t)

Cerro Colorado                 68606             panel        448          5
El Ciruelo                    399419              dump      6,190          8
Asuncion-Venado               398517              chip        108          7
Los Sauces                    398524              chip      1,590         53
Los Sauces                    398527              chip        313          4
Tecolote dome                 398555              chip        154          3
Tecolote dome                 398556              chip      1,800         33
Tecolote dome                 398559              chip      3,570         55
Tecolote dome                 398617              chip        499        152
Tecolote dome                 398618              chip        491          2
Tecolote dome                 398560             panel        434          3

Note
(1) Chip samples are collected from an area of one square metre and weigh             
approximately five kilograms. Panel samples are also collected from an 
area of one square metre but weigh approximately 15 kg.                                       

Andrew Thomson, president and chief executive officer of Soltoro, stated: "Soltoro has initiated a sampling program on its Tecolote property to test the extent of gold mineralization in newly identified hydrothermal alteration zones. Soltoro believes these zones have the potential to host bulk-tonnage gold deposits similar to those of Argonaut Gold's El Castillo mine and San Agustin property."

Earlier in 2014, Soltoro completed ground magnetics covering 95 per cent of the Tecolote property. Results confirm the importance of the dominant northeast structural trend, which extends from Cayden's El Barqueno property, but also delineated a number of parallel northwest-trending structures. Within the Guachinango district mineralization occurs more prominently at the intersections of northeast and northwest structural trends. On Tecolote, these structural intersections also control the location of felsic intrusive centres and associated alteration zones. Alteration occurs in relation to felsic domes in the Tecolote and Los Sauces areas and, at Los Laureles, a magnetic anomaly thought to represent a buried felsic intrusive. Alteration consists of argillic alteration with millimetre-scale quartz veining, and/or silicification, both locally containing alunite. Finely disseminated pyrite is present locally.

In addition, several areas contain anomalous trace elements such as silver, arsenic, barium and zinc which serve as important indicators for gold mineralization in deposits related to felsic domes. Results from several promising areas are pending while one area awaits first-pass sampling. Follow-up sampling will be conducted in areas of interest.

Qualified persons

Steven T. Priesmeyer, CPG, is vice-president, exploration, for Soltoro. He is a qualified person as defined by National Instrument 43-101 and he has reviewed the geological contents of this press release. Analytical work is performed by ALS-Chemex. Samples are submitted to the ALS sample preparation facility in Guadalajara and pulps are shipped by ALS to its laboratory in Vancouver, B.C., for analysis. Analytical procedures include a 33-element ICP-AES analysis (ME-ICP61m) and a 50-gram FA AA finish for gold (AA-24). Silver assays exceeding 100 g/t are reassayed by HCL leach with an ICP-AES or AAS finish (OG62).

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