Soltoro Reports Highlights of 2011 & Plans for 2012

Soltoro Ltd. (TSX VENTURE:SOL) In 2011, exploration and financing efforts met
with success. Highlights included: 




--  Completion of a 13,400 metre diamond drill program at the El Rayo
    primary silver project which included the discovery of the Soledad near
    surface high-grade silver deposit. Soledad drilling in hole Ray11-60
    returned 7m of 1,010 gpt Ag with 6.9m of 527 gpt Ag further down hole.
    Step out drill results at Soledad included 43.7 metres of 300 gpt Ag in
    hole Ray11-66 and 62m of 182 gpt Ag in hole Ray11-81. 
    
--  Completion of an updated NI 43-101 resource estimate increasing the El
    Rayo silver resource by 200% from an Indicated 21.1 million ounces
    silver & Inferred 4.85 million ounces silver (NR72 28/05/2010) to a
    Measured & Indicated in-pit 77.4 million ounces silver (NR117
    20/12/2011). 
    
--  Option of the Victoria & Coyote properties to Argentum Silver Corp. 
    
--  Completion of an orientation drill program at Soltoro's 100% owned
    Chinipas gold project 
    
--  $9,536,510 in additional funding including the sale of 4,500,000 shares
    to Coeur d'Alene Mines. 
    
--  Analyst coverage initiated by Stonecap Securities Inc. and Euro Pacific
    Canada Inc. 



2012 Exploration Focus:

El Rayo Silver Deposit: A 20,000 metre diamond drill program is underway focused
on defining further open pittable silver resources west of the Soledad deposit,
northeast of the Las Bolas deposit, in the historic Catarina-Aguacero Mine
areas; and at the newly identified Piedras Amarillas mineralized zone. Two
drills are currently operating on the property. 


The Soledad west and Las Bolas northeast areas are along strike from, and
contiguous to, the existing silver resources. Recent ground magnetics have
identified structural extensions where coincident silver soil anomalies have
also been recognized and will be drill tested. The first diamond drill is
testing the western extension. 


The Catarina mines host a historic resource where Soltoro is set to release
results from a seven hole diamond drill program designed to prove up the
historic resource. The second diamond drill is testing mineralization below the
Aguacero mine.


The Piedras Amarillas area is 1.5 kilometres east of the Las Bolas silver
deposit. To date three silver soil anomalies ranging from 300 metres to 800
metres in strike length and 50 metres to 150 metres in width have been
identified and are scheduled for drilling. These silver anomalies straddle a
northeast trending magnetic anomaly similar in orientation to the Las Bolas
deposit structure. The Piedras Amarillas area has never been mined or drill
tested.


The main focus at El Rayo is on drill testing extensions to the known deposit
areas in order to prove up further resources while utilizing inexpensive
exploration tools to develop additional drill targets on the property. These
include planned Induced Polarization studies, ongoing ground magnetic studies
and soil geochemical programs.


Metallurgical testing is ongoing at Hazen Research Inc. A preliminary economic
assessment will be undertaken in the second half of 2012. Management is
confident that the potential to discover and develop new open pittable silver
resources at El Rayo remains high. 


Drill location maps including magnetic survey and soil sampling results may be
viewed at: http://www.soltoro.com/projects/pdf/2012drilltargets.pdf.


Coyote & Victoria Silver-Gold Projects: Soltoro has optioned the Coyote and
Victoria to Argentum Silver Corp. (TSX VENTURE:ASL). ASL is conducting a drill
program at Coyote and mapping and sampling programs at Victoria. Soltoro holds
2,100,000 shares of ASL and stands to receive an additional 3.5M shares on or
before the first anniversary date of the option. Soltoro retains a 3% NSR
interest in each project whereby up to 2% can be purchased for US $1.5 million
per 1% NSR.


Other Projects: The Company is primarily focused on defining further silver
resources at El Rayo in Jalisco State, Mexico. Soltoro holds property positions
in 7 of the 12 known significant precious metal mining districts in Jalisco
State, in southwestern Mexico. Efforts on Soltoro's other projects are being
directed at finding partners to advance their exploration.


On December 20, 2011, 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, 2011). 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 is
seeking partners to advance its Chinipas, La Tortuga, El Santuario and Pena
Grande projects. Soltoro has 58,948,037 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