Jujuy, Argentina – June 11, 2012 – Soltera Mining Corp. (OTC: SLTA; Frankfurt: SN7) (www.solteramining.com) is pleased to announce the appointment of Mr. Alessandro Murroni and Mr. Arnaldo Massini to its Board of Directors.
Mr. Alessandro Murroni brings over 20 years of experience in the mining industry from exploration to production and general management including being the current Managing Director of the Goldlake-owned Five Star Mining S.A. de C.V. and Eurocantera S.A. de C.V. Honduran mining companies. Mr. Murroni received his mining degree at the G. Asproni Technical Mining Institute in Iglesias, Italy.
Mr. Arnaldo Massini is an Italian Chartered Auditor of Accounts and has been a Goldlake Director for the past five years. Mr. Massini joined the Goldlake Group in 2003 and contributed to the founding of their companies in both the UK and Central America. He is currently CFO and Vice President of Goldlake Group. Mr. Massini is also Chairman of Goldlake-owned Five Star Mining SA de CV, Vice President of Eurocantera SA de CV, and CEO of Terra di Nocera Umbra Srl.
“We are very pleased to have Mr. Alessandro Murroni and Mr. Arnaldo Massini join our Board of Directors,” said Fabio Montanari, President of Soltera Mining, “Their extensive mining and business experience and commitment to excellence will make them valuable contributors to the future success of Soltera Mining.”
On February 2, 2012, Soltera authorized the issuance of 999,991 restricted shares of common stock to Goldlake Group for the exercise of 999,991 restricted non-transferable share purchase warrants at an exercise price of $0.15 per warrant. On April 22, 2012, Soltera authorized the issuance of an additional 2,000,138 restricted shares of common stock to Goldlake Group for the exercise of 2,000,138 restricted non-transferable share purchase warrants at an exercise price of $0.15 per warrant.
These funds will be used primarily for working capital related to the current field program of geological mapping, sampling and geophysical surveying aimed at detecting surface expressions of vein gold mineralization, testing the strongly gold anomalous areas of country rock, interpreting the geology, and providing a basis for drill programs to test the main gold targets at the El Torno Gold Project in Jujuy, Argentina.
About Soltera Mining Corp.
Soltera Mining Corp. is an exploration company that is concentrating on the major El Torno gold project in northern Argentina. El Torno is a 78 km2 area that has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past, and dispersed gold in suites of small veins and stockworks that are separate from the main system and appear to be major open-pit targets.
For more information, please visit the Soltera website at www.solteramining.com
About The Goldlake Group
The Goldlake Group is the first Italian organisation to invest in the mining and exploration sector of Honduras and now Argentina. The Group is privately owned, with the majority stake held by the founder of Italys third largest cement company, Colacem. It has offices in Gubbio (Italy), London (UK) and at its main operations in Tegucigalpa, Honduras.
Goldlakes strategy is to mine only environmentally friendly gold without the use of cyanide or other chemicals. In Honduras, this involves working alluvial gold using a cyanide-free extraction process and a zero waste and water management system. In Argentina, El Torno is particularly attractive because much of the gold appears to be free and extractable by simple mechanical rather than chemical methods (Ethical Gold Exploitation).
The company has established a supply chain from extraction to final customer, including analytical laboratories, refining operation and direct sales to the customer, over which it has complete control. Furthermore, Goldlake has a track record of developing successful businesses in emerging markets and has a management team with significant experience in the mining sector.
For more information, please visit the Goldlake website at www.goldlake.co.uk
Soltera Mining Corp.
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