Mr. Andrew Thomson reports

SOLTORO ADVANCES BULK TONNAGE GOLD POTENTIAL AT TECOLOTE PROJECT

Soltoro Ltd. continues to advance its understanding of the bulk tonnage gold potential on its 100-per-cent-owned Tecolote gold project located in Jalisco, Mexico. The Tecolote project lies within the Guachinango district, which includes Soltoro's El Rayo primary silver project and the El Barqueno gold project recently acquired by Agnico Eagle Mines Ltd. Tecolote and El Rayo lie within a broad northwest-trending belt of gold-silver mining districts that also includes Endeavour Silver's San Sebastian project.

Soltoro has identified several zones with the potential to host bulk-tonnage gold mineralization. These include broad areas of clay alteration, as well as areas of northeast-trending quartz-hematite stockwork and breccia. The clay alteration zones are related to felsic intrusive centres and are controlled by the intersections of a northeast-trending structural zone, extending onto the El Barqueno property to the southwest, with secondary northwest-trending structures. A detailed panel sampling program (large volume samples) has been completed to identify bulk-tonnage gold targets for drilling.

Results from 284 panel samples collected from seven target zones indicate the presence of anomalous gold in three zones: Cerro Colorado, San Eusebio and Veta Grande. Gold values in these areas range from below detection limit up to 477 parts per billion gold (0.477 gram per tonne gold). In the Cerro Colorado area 15 panel samples returned greater than 10 parts per billion gold with a maximum of 477 parts per billion gold. In the San Eusebio and Veta Grande areas, which are related to the Tecolote dome, seven panel samples returned greater than 10 parts per billion gold with a maximum of 434 parts per billion gold. Anomalous gold is associated with sporadic, low-level anomalies in copper, silver, bismuth and molybdenum in the San Eusebio and Veta Grande areas, and with lead, zinc, arsenic, copper, silver and barium in the Cerro Colorado area. Prior vein sampling in these three zones returned 1.09 grams per tonne gold over 0.85 metre at Cerro Colorado, 5.7 grams per tonne gold and 48 grams per tonne silver over one metre at San Eusebio, and 1.9 grams per tonne gold and 21 grams per tonne silver over six metres at Veta Grande.

Andrew Thomson, president and chief executive officer of Soltoro, stated: "Soltoro's panel sampling program has identified anomalous gold values within the Cerro Colorado, San Eusebio and Veta Grande zones at Tecolote. A follow-up sampling program is being designed to further assess these targets. A trenching program will also be initiated to extend the known mineralization of the high-grade Carmelita vein."

High-grade vein targets are also present at Tecolote. Prior Soltoro sampling of the Carmelita vein returned 14.2 grams per tonne gold and 308 grams per tonne silver over three metres, including 27.7 grams per tonne gold and 671 grams per tonne silver over 0.7 metre in addition to 24.0 grams per tonne gold and 333 grams per tonne silver over 0.8 metre, 12.5 grams per tonne gold and 512 grams per tonne silver over 0.7 metre and eight grams per tonne gold and 172 grams per tonne silver over 1.1 metres. The Carmelita vein has been traced for over 100 metres along strike at surface where soil sampling suggests that the vein may continue farther to the east.

Maps showing regional structures, intrusive centres and alteration zones may be viewed on Soltoro's website.

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 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 grams per tonne are reassayed by HCL leach with an ICP-AES or AAS finish (OG62).

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