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SOL

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Share Name Share Symbol Market Type
TSXV:SOL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Soltoro Expands the Gold Potential of the Tecolote Project in Jalisco, Mexico

11/09/2013 2:00pm

Marketwired Canada


Soltoro Ltd. (TSX VENTURE:SOL) has received further positive gold and silver
assay results from ongoing mapping and sampling on its 100% owned Tecolote
Project in Jalisco, Mexico. Soltoro obtained title to Tecolote through staking
so there are no payments or royalties due on the Project. The 3,052 hectare
Tecolote Project is located less than 10 kilometres north of Soltoro's El Rayo
primary silver project and 10 kilometres northeast of Grupo Mexico S.A.B. de
C.V.'s El Barqueno property currently optioned to Cayden Resources Inc. 


Recent sampling focused on extending the lateral potential of the known
structures in the La Fundicion area which is located in the northeastern portion
of the Tecolote concession. Mineralization in this area is gold-rich with lesser
silver and little or no base metal content. Selected results are presented in
the following table:




----------------------------------------------------------------------------
                          SAMPLE              WIDTH(2)         Au         Ag
TARGET AREA              TYPE(1)     Trench        (m)      (g/t)      (g/t)
----------------------------------------------------------------------------
Asuncion-Venado     Chip-Channel     FAVA-6        0.7       1.98         19
----------------------------------------------------------------------------
Asuncion-Venado     Chip-Channel     FAVA-9        1.5       1.65         11
                       including                   0.5       2.61         15
----------------------------------------------------------------------------
Asuncion-Venado                                                             
 Northeast          Chip-Channel   FAVNE-14        4.0       0.49         17
----------------------------------------------------------------------------
Veta Victoria       Chip-Channel      FV-11        3.0       0.59          9
----------------------------------------------------------------------------
Veta Victoria       Chip-Channel      FV-14        3.2       1.23         18
                       including                   1.6       2.13         22
----------------------------------------------------------------------------
Veta Victoria       Chip-Channel      FV-15        4.0       1.68         54
                       including                   2.0       2.46         77
----------------------------------------------------------------------------
Veta Victoria       Chip-Channel      FV-16        2.0       1.75         22
                       Including                   1.0       3.08         31
----------------------------------------------------------------------------
Veta Victoria       Chip-Channel      FV-17        3.0       0.66          5
                       Including                   1.0       1.11          5
----------------------------------------------------------------------------
Veta Victoria       Chip-Channel      FV-17        3.0       4.05         34
                       Including                   2.0       5.96         34
                       Including                   1.0       7.79         21
----------------------------------------------------------------------------
Veta Carmelita      Chip-Channel      TC-03        6.0       0.95         17
                       Including                   2.0       1.85         39
----------------------------------------------------------------------------
(1) Channel samples are continuous samples cut with a portable rock saw     
 while Chip-channel samples are continuous samples taken with a rock hammer.
(2) Samples are reported as sampled widths.                                 



Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Soltoro continues
to define the continuity of the gold and silver-bearing structures at Tecolote.
The emerging gold potential of the Guachinango district presents an exciting new
opportunity for Soltoro. Permitting required for trenching and drilling programs
at Tecolote is currently underway."


A claims map showing the Guachinango district mineralized trends and Tecolote
sampling location maps may be viewed at:
http://www.soltoro.com/projects/pdf/NR156maps.pdf


Soltoro's Tecolote and El Rayo Projects gold zones make up part of the emerging
gold potential of the Guachinango district which includes Cayden Resources El
Barqueno Project. These three projects are located within a broad
northwest-trending belt of mineral districts that also includes Santana
Minerals` Espiritu Santo Project and Endeavour Silver's San Sebastian Project.
Mineralization within this belt occurs primarily in northwest- and
northeast-trending structures.


Three mineralized corridors can be defined in the Guachinango area within the
broad northwest-trending belt of mineral districts. These corridors are defined
by concentrations of vein systems and faults, ground magnetic structures and
linear topographic features observable in aerial photographs. The main
mineralized corridor is oriented northwest-southeast, while the remaining two
are oriented northeast-southwest.


One of the northeast-southwest corridors crosses Soltoro's Tecolote property and
controls mineralization in the La Fundicion area mentioned above, as well as the
east-west-trending Carmelita vein, which yielded 3.0 m averaging 14.16 g/t gold
and 308 g/t silver (Soltoro NR152, June 17, 2013). This feature can be readily
traced southwest onto the El Barqueno property using ground magnetics and aerial
photographs.


On Soltoro's El Rayo property, northwest-trending structures such as the
structure that hosts the El Rayo gold resource (Indicated resource of 22,600
ounces gold contained in 380,000 tonnes averaging 1.85 g/t gold and an Inferred
resource of 18,900 ounces gold contained in 365,000 tonnes averaging 1.61 g/t
gold) and the newly discovered Talayote gold target (Soltoro NR154, July 24,
2013) are part of the dominant regional northwest trend that extends onto the El
Barqueno land package. 


Soltoro is engaged in exploration for gold and silver deposits in Mexico.
Soltoro holds in excess of 41,000 hectares of ground in Jalisco State. Soltoro
is focused on expanding silver resources at the El Rayo silver project while
seeking partners to advance the balance of its projects. Soltoro holds 15% of
the common shares of Argentum Silver Corp. with a 3% N.S.R. payable on Argentum
Silver's Victoria and Coyote properties. Soltoro's La Tortuga project is under
option to Gold Reserve Inc. Soltoro has 59,783,037 shares outstanding and trades
on the TSX Venture Exchange under the symbol SOL. Coeur Mines Inc. holds 4.5
million shares of Soltoro Ltd.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com

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