Soltoro Intercepts 16.75 Metres of 565 GPT Silver At El Rayo Silver Project in Jalisco Mexico

Soltoro Ltd. (TSX VENTURE:SOL) has received results for an additional twelve
diamond drill holes at the El Rayo primary silver deposit in Jalisco, Mexico.
All twelve holes were completed on the Soledad structure. The Soledad structure
is one of three deposits that make up the existing 77.4 million ounce measured
and indicated in-pit silver resource. The east-west trending Soledad deposit was
recently added to the resource where an initial 13 million ounces of silver has
been defined to date. None of the drill results reported in this release were
included in the existing resource. To date at Soledad, two high-grade silver
zones (Central and Western) have been identified. Drill results were returned as
follows:




----------------------------------------------------------------------------
                                                                   Ag     Ag
DEPOSIT    TARGET        DRILL               WIDTH(2)   Pb   Zn (g/t)  (g/t)
AREA:       AREA:     HOLE(1):  FROM:    TO:     (m):  (%)  (%) uncut cut(3)
----------------------------------------------------------------------------
Soledad   Central    Ray11-101  268.3  277.4      9.1 2.30 0.09     8      8
----------------------------------------------------------------------------
                     including  274.5  276.0      1.5 2.55 0.04    20     20
----------------------------------------------------------------------------
Soledad   Central    Ray11-105  150.0  150.9      0.9 3.84 7.45    23     23
----------------------------------------------------------------------------
Soledad   Central    Ray11-108  278.5  280.6      2.1 1.98 0.20    21     21
----------------------------------------------------------------------------
Soledad      West Ray11-113(4)   85.7 102.45    16.75 0.48 0.20   567    327
                     including   87.0   97.5     10.5 0.42 0.19   814    432
                     including   87.9   88.5      0.6 0.13 0.17 1,380  1,000
                     including   94.5   96.0      1.5 0.64 0.23 3,510  1,000
----------------------------------------------------------------------------
             East                                                           
Soledad Extension    Ray11-115    6.0    9.0      3.0 0.13 0.05    36     36
----------------------------------------------------------------------------
                                 15.1   18.0      2.9 0.04 0.03    25     25
----------------------------------------------------------------------------
                                 96.0  105.2      9.2 0.10 0.05    20     20
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             East                                                           
Soledad Extension Ray11-116(5)   60.0   72.0     12.0 0.04 0.04    38     38
----------------------------------------------------------------------------
             East                                                           
Soledad Extension    Ray11-117   32.5   33.8      1.3 0.01 0.04    22     22
----------------------------------------------------------------------------
                                117.6  124.7      7.1 0.12 0.04    20     20
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Corral                                                                      
 Veins               Ray11-104   13.5   18.0      4.5 0.28 0.14    57     57
----------------------------------------------------------------------------
Corral                                                                      
 Veins               Ray11-106   31.0   32.6      1.6 0.21 0.04    28     28
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(1)Ray11-100 & Ray 11-102 encountered faults and did not reach intended     
targets. Ray11-103 did not return significant results                       
(2)All intersections are reported as drilled thickness.                     
(3)All values greater than 1,000 g/t Ag cut to 1,000 g/t Ag.                
(4)Overall core recovery for the interval 85.7 m to 102.45 m was 94%.       
Recovery for the interval 93.0 m to 96.0 m was 73%.                         
(5)Overall core recovery for this interval was 77.5%. Recovery for the      
interval 67.5 m to 72.0 m was 46.7%.                                        



Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Two drills
continue to operate at El Rayo with a view to expanding existing resources.
Ray11-113 was drilled in the western silver zone at Soledad and confirms that
the high grade silver mineralization continues at depth. These results were not
included in the current Soledad resource. An associated series of ground and
airborne magnetic anomalies has been traced for several kilometres east and west
along strike and are slated for drilling in 2012."


Soledad Central: Hole Ray11-101 was drilled to test mineralization at depth on
cross-section 565950. The hole intersected a 9.1 m interval averaging 2.3% Pb
with anomalous silver, zinc and gold values. Holes Ray11-102, Ray11-105 and
Ray11-108 were drilled on cross-section 566,000 to infill along strike and to
test the mineralization at depth. Hole Ray11-102 was unable to penetrate the
Soledad fault zone and did not reach it's intended target. Holes Ray11-105 and
Ray11-108 intersected narrow anomalous silver mineralization but both
encountered lead and zinc mineralization with sporadic anomalous gold. These
results suggest that mineralization at depth on the Soledad structure may be
transitioning from silver-rich to base metal-rich mineralization with possible
associated gold. Additional drilling is planned to test this mineralization at
depth. 


Soledad West: Holes Ray11-100 and Ray11-113 were drilled to test the Western
mineralized zone of the Soledad deposit down dip from hole Ray11-73 (33.5 m
averaging 198 g/t Ag). Hole Ray11-100 was abandoned in the Soledad fault zone. A
larger drill rig was moved onto the same drill pad and was able to pass through
the fault zone and intersect a strongly mineralized zone (Ray11-113 - 16.8 m
averaging 567 g/t Ag uncut). This extends the mineralization encountered in
holes Ray11-73 and Ray11-85 to depth. Further drilling is planned to expand the
resource. 


Soledad East Extension: Holes Ray11-115, Ray11-116, Ray11-117 and Ray11-119 were
drilled to test the Soledad structure along strike to the east. Results from
holes Ray11-115, Ray11-116 and Ray11-117 confirm that the structure is present
but mineralized intervals are narrow and grades are low. A recently completed
ground magnetic survey suggests that the La Soledad structure continues for
several kilometers to the east and additional exploration is planned to test
these zones. 


Corral Veins: Holes Ray11-103, Ray11-104 and Ray11-106 were drilled to test two
narrow structures discovered during mapping south of the Soledad deposit. The
best interval encountered in these holes is 4.5 m averaging 57 g/t Ag. No
further work is planned in this area. 


A drill hole location map and sections of the newly drilled holes from the
Soledad and Corral Vein structures may be viewed at:
http://www.soltoro.com/projects/pdf/DHJan23Soledad.pdf


On December 20, 2012, Soltoro released an in-pit mineral resource estimate for
the Las Bolas, Highway Zone and La Soledad mineral deposits at its 100% owned El
Rayo silver-gold project in Jalisco, Mexico (NR117-December 20, 2012). At the
cut-off grade of 20 g/t Ag the Measured and Indicated Mineral Resources are
42,200,000 tonnes at an average grade of 57.11 g/t Ag containing approximately
77.4 million ounces of silver, and 580,000 tonnes of Inferred Mineral Resources
at an average grade of 65.51 g/t silver, containing approximately 1,180,000
ounces of silver. The mineral resource estimate was prepared by Hrayr Agnerian,
M.Sc. (Applied), P.Geo., Associate Principal Consulting Geologist with Roscoe
Postle Associates Inc. and is compliant with National Instrument (NI) 43-101. Mr
Agnerian is the Qualified Person for the purposes of National Instrument 43-
101.


Assaying from this program was completed by ALS Chemex through their office in
Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA finish
while the silver is analyzed using a four acid "near total" digestion package.
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. Field supervision of the El Rayo project is
provided by Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro
Mexico. 


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.
Soltoro has optioned several of its properties in Jalisco State. The Company
continues to actively advance its Chinipas, La Tortuga, El Santuario and Pena
Grande projects. Soltoro has 57,244,537 shares outstanding and trades on the TSX
Venture Exchange under the symbol SOL. Coeur d'Alene 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