Soltoro Announces $4.5M Financing With Coeur d'Alene Mines

Soltoro Ltd. (TSX VENTURE:SOL) ("Soltoro" or the "Company") is pleased to
announce that Coeur d'Alene Mines Corporation (NYSE:CDE)(TSX:CDM) ("Coeur
d'Alene") has executed a term sheet to make a $4.5 million investment in
Soltoro. Coeur d'Alene intends to purchase 4,500,000 common shares of Soltoro at
$1.00 per share in a private placement transaction (the "Financing") as an
investment. Closing of the Financing is subject to the execution of a definitive
subscription agreement and approval of the TSX Venture Exchange.


Andrew Thomson, President and CEO of Soltoro, stated, "The Coeur d'Alene
financing is a strong endorsement of Soltoro's El Rayo primary silver project.
Coeur d'Alene is a U.S.-based primary silver producer with experience in
developing several silver mines worldwide, including Mexico."


The proceeds of the Financing will be used for the continued exploration and
advancement of Soltoro's El Rayo Silver Project in Mexico and for general
corporate purposes.


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 Pena Grande
projects. Soltoro has 50,025,018 shares outstanding (prior to closing this
financing) and trades on the TSX Venture Exchange under the symbol SOL.