August 21, 2012 – Soltoro Ltd. (SOL:TSX.V) has received notice from Argentum Silver Corp. (ASL:TSX:V) that it has elected to trigger the early exercise provisions of the option agreement signed with Soltoro Ltd. (SOL:TSX.V) on April 25, 2011 to acquire a 100% undivided interest in the Coyote and Victoria Silver Gold Properties located in the State of Jalisco, Mexico. Soltoro is proceeding to complete the transfer of 100% ownership of both properties to Argentum Silvers Mexican subsidiary. Soltoro and Argentum Silver recently completed two separate royalty agreements whereby Argentum Silver has granted Soltoro a 3% Net Smelter Return (N.S.R.) royalty on both property groupings. The agreements will be filed against title on transfer of 100% ownership. Soltoro retains a 3% N.S.R. interest in each project whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2% for each project. In addition, Soltoro holds 6,760,000 common shares of Argentum Silver.
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: Soltoro has successfully monetized two of its exploration properties in order to remain focused on defining further resources at its 100% owned El Rayo primary silver project also in Jalisco State. Soltoro holds 14.7% of the common shares of Argentum Silver which provides Soltoro shareholders with exposure to any discovery made on all of Argentums projects in southern Mexico. Additionally Soltoro retains a 3% NSR royalty participation on each of the Victoria and Coyote property groupings. Argentum Silver plans to resume a drill program at Coyote in the later part of the year.
Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State. Soltoro is focused on expanding silver resources at the El Rayo silver project. Soltoro holds 14.7% of the common shares of Argentum Silver Corp. and a 3% N.S.R. payable to Soltoro on the Victoria and Coyote properties. Soltoro has optioned the La Tortuga project to Gold Reserve Inc. The Company is seeking partners to advance the balance of its projects. Soltoro has 59,118,037 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur dAlene Mines Corp. holds 4.5 million shares of Soltoro Ltd.
FOR FURTHER INFORMATION PLEASE CONTACT:
Andrew Thomson, President
Phone: (416) 987-0722 or visit www.soltoro.com