Mr. Ernesto Echavarria reports

ERNESTO ECHAVARRIA INCREASES HIS POSITION IN SOLTORO

On Nov. 7, 2014, Ernesto Echavarria acquired, by way of a private placement, 1.85 million units of Soltoro Ltd. at a price of 10 cents per unit.

Each unit comprises one common share and one share purchase warrant, with each whole warrant exercisable into one common share of the company for a period of 24 months at an exercise price of 15 cents per share.

The 1.85 million common shares and 1.85 million share purchase warrants of the company acquired by the acquiror represent approximately 2.4 per cent (basic) and 4.8 per cent (partially diluted, assuming the exercise of the acquiror's warrants) of the issued and outstanding common shares of the company. Following the acquisition, the acquiror owns and controls 13,376,700 common shares and 4.35 million share purchase warrants of the company, representing approximately 17.7 per cent (basic) and 22.2 per cent (partially diluted, assuming the exercise of the acquiror's warrants) of the issued and outstanding common shares of the company.

The acquiror acquired the common shares pursuant to the private placement for investment purposes. The acquiror has no present intention to acquire ownership of, or control over, additional securities of the company but may choose to acquire additional securities of the company in the future for investment purposes.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian securities administrators. A copy of the report filed by the acquiror in connection with the acquisition of the units is available on the company's SEDAR profile, and it can also be obtained directly from the acquiror by contacting him at 604-687-3520.