Soltoro Ltd. (TSX VENTURE:SOL) recently completed an eight hole, 1,821 meter
drill program designed to test the bulk tonnage gold potential at its 100%-owned
Chinipas Project in Chihuahua State, Mexico. The Chinipas property covers 1,421
hectares and is located 13 km north of the town of Chinipas. 


At Chinipas, gold mineralization occurs in sheeted quartz-pyrite-tourmaline
veins and veinlets hosted by a strongly fractured quartz-feldspar porphyry.
Local prospectors have mined coarse, visible gold from several veins on the
property. Sampling of the veins has returned 17.65 g/t gold over 15 cm, 2.92 g/t
gold over 2.0 metres, 2.49 gold over 1.3 metres and 2.14 g/t gold from a 3.0
metre by 3.0 metre panel sample. Veining occurs along a 3.5 km long
northeast-southwest trend. Drilling was carried out to test the area of most
intense veining covering a 1.2 km strike length and 0.5 km width. Of the eight
holes drilled, three holes returned values as follows:




 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Drill Hole            From (m)         To (m)      Width(1)(m)     Au (g/t)
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-1(2)                        No Significant Results                  
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-2                   42.0           43.6            1.6         0.514
 --------------------------------------------------------------------------
                           52.5           53.0            0.5         0.560
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-3                           No Significant Results                  
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-4                           No Significant Results                  
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-5                           No Significant Results                  
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-6                   48.1           50.1            2.0         0.445
 --------------------------------------------------------------------------
                           72.6           75.1            2.5         0.970
 --------------------------------------------------------------------------
                          115.6          118.3            2.7         0.311
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-7                   67.5           69.6            2.1         0.929
 --------------------------------------------------------------------------
                           77.4           78.0            0.6         1.260
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
 Chi11-8                           No Significant Results                  
 --------------------------------------------------------------------------
 --------------------------------------------------------------------------
(1) All intersections are reported as drilled thickness. True widths are  
not known at this time.                                                 
(2) Hole abandoned in fault zone before reaching target.                  



Quartz-pyrite-tourmaline veinlets and associated alteration were encountered at
depth which returned isolated anomalous values of gold, silver, copper, zinc and
molybdenum. No further work is planned for the property at this time. 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. 


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 was recently completed at the Chinipas gold project
in the State of Chihuahua. 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 Pena Grande projects. Soltoro has 56,666,537 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
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