Location

Soltoro Ltd. (SOL:TSX.V) has completed Phase 1 of its underground sampling program at the historic Catarina mine on the El Rayo primary silver project in Jalisco, Mexico. The program is being completed to confirm and expand a historic silver resource identified by the Consejo de Recursos Minerales in the 1980’s. The southern portion of the El Rayo structure hosts the Catarina mine, where five separate high-grade silver ore shoots were mined by the Spaniards beginning in 1546. Mineralization at the Catarina mine has been exposed on two levels 50 metres apart over approximately 500 metres of strike.

During Phase 1, Soltoro collected 340 underground channel and chip-channel samples over a 385 metre strike length on the main level of the mine. Phase 1 was designed to better understand the geology of the Catarina mine area and confirm the historic silver resource. Results are as follows:


 









































































































































































































































































































































































































































































































































































































































































































































































TARGET AREA


DRIFT


SAMPLE TYPE1


TRUE WIDTH2


Ag
(g/t)


Au
(g/t)


Pb
(%)


Upper Tepeguaje


XCO-P-1523


Chip-Channel


17.34


    61


0.08


6.50


 


Including


 


  1.84


    98


0.19


   20.00


 


Including


 


  1.93


    64


0.12


   20.00


Upper Tepeguaje


FTE-P-158


Chip-Channel


  1.35


    30


0.02


0.75


Upper Tepeguaje


FTE-P-163


Chip-Channel


  1.79


    74


0.03


1.35


Upper Tepeguaje


XCO-P-165


Chip-Channel


11.57


  449


0.13


3.54


 


Including


 


  2.02


1298


0.19


1.59


 


Including


 


 1.1


  947


0.40


8.42


Upper Tepeguaje


XCO-P-170


Chip-Channel


  2.89


  722


0.11


0.47


 


Including


 


  1.44


1330


0.2


0.69


Upper Tepeguaje


XCO-P-180


Chip-Channel


14.65


  188


0.12


0.74


 


Including


 


  1.05


1085


0.17


2.11


Upper Tepeguaje


FTE-P-187


Chip-Channel


  1.49


  321


0.17


0.49


Upper Tepeguaje


FTE-P-193


Chip-Channel


 1.4


  148


0.13


0.69


Upper Tepeguaje


FTE-P-200


Chip-Channel


   1.43


    59


0.04


0.22


Tepeguaje


XCO-P-205


Chip-Channel


   7.05


  138


0.09


2.14


 


Including


 


   0.39


  807


0.83


   12.95


Tepeguaje


FTE-P-206


Chip-Channel


   1.29


  205


0.07


0.28


Tepeguaje


FTE-P-213


Chip-Channel


 1.4


    53


0.02


0.25


Tepeguaje


FTE-P-217


Chip-Channel


   0.91


  278


0.15


0.29


Tepeguaje


FTE-P-221


Chip-Channel


   1.49


  214


0.15


0.44


Tepeguaje


XCO-P-228


Chip-Channel


 13.06


  243


0.1


0.64


 


Including


 


   1.59


  624


0.31


2.23


Tepeguaje


FTE-P-231


Chip-Channel


   1.62


  150


0.06


0.62


Tepeguaje


FTE-P-236


Chip-Channel


   1.58


    57


0.04


0.41


Tepeguaje


FTE-P-240


Chip-Channel


   1.92


  173


0.05


1.04


Tepeguaje


XCO-P-245


Channel


   4.34


  110


0.04


0.65


 


Including


 


   1.45


  230


0.05


1.31


Tepeguaje


FTE-P-253TN


Chip-Channel


   3.19


    64


0.05


0.26


Tepeguaje


FTE-P-260


Chip-Channel


   5.82


    93


0.12


0.75


Tepeguaje


XCO-P-265


Chip-Channel


10.4


    59


0.03


0.28


Tepeguaje


FTE-P-270


Chip-Channel


   2.12


  109


0.34


2.99


Tepeguaje


FTE-P-275


Chip-Channel


   4.57


  188


0.11


0.64


Tepeguaje


FTE-P-280


Chip-Channel


   2.66


    98


0.16


0.82


Tepeguaje


FTE-P-285


Chip-Channel


 2.1


   121


0.08


1.01


Tepeguaje


FTE-P-290


Chip-Channel


   1.73


    64


0.05


1.55


Tepeguaje


XCO-P-295


Chip-Channel


   7.44


    96


0.01


0.51


Esperanza


FTE-P-301


Chip-Channel


   1.57


  185


0.04


0.16


Esperanza


FTE-P-307


Chip-Channel


   1.66


  215


0.02


0.14


Esperanza


FTE-P-312


Chip-Channel


   1.88


  161


0.02


0.17


Esperanza


XCO-P-313


Channel


 22.84


    58


0.03


0.16


Esperanza


FTE-P-318


Chip-Channel


   1.55


    38


0.01


0.15


Esperanza


F Esperanza


Chip-Channel


   1.74


   100


0.12


0.13


Esperanza


XCO-P-325


Chip-Channel


   5.41


     51


0.02


0.36


Esperanza


XCO-P-332


Chip-Channel


   7.13


    53


0.02


0.14


Esperanza


FTE-P-337


Chip-Channel


   1.69


    54


0.04


0.57


Esperanza


FTE-P-341


Chip-Channel


   1.58


    53


0.01


0.17


Esperanza


XCO-P-350


Chip-Channel


   8.32


  104


0.04


0.48


Esperanza


FTE-P-357


Chip-Channel


   2.48


  255


0.15


2.83


Esperanza


FTE-P-362


Chip-Channel


   2.68


  106


0.03


1.05


Esperanza


XCO-P-365


Chip-Channel


   5.46


    96


0.03


0.58


Esperanza


FTE-P-368


Chip-Channel


  2.9


    94


0.04


1.33


Esperanza


FTE-P-372


Chip-Channel


   1.82


    75


0.04


1.48


Cielo Grande


XCO-P-372


Chip-Channel


  1.9


    48


0.02


0.31


Cielo Grande


FTE-P-377


Chip-Channel


  1.9


  118


0.02


1.25


Cielo Grande


XCO-P-380


Channel


  11.21


    74


0.05


0.45


Cielo Grande


XCO-P-385


Channel


   1.14


    56


0.04


0.46


Cielo Grande


FTE-P-392


Chip-Channel


   1.25


    63


0.02


0.22


Cielo Grande


XCO-P-395


Chip-Channel


 10.27


  135


0.05


0.36


Cielo Grande


XCO-P-405


Channel


   2.59


  130


0.05


0.77


Cielo Grande


XCO-P-410


Chip-Channel


 11.61


  190


0.05


0.77


Cielo Grande


XCO-P-420


Chip-Channel


   2.66


  238


0.07


0.59


Cielo Grande


FTE-P-423


Chip-Channel


   1.64


  236


0.03


0.40


Cielo Grande


XCO-P-425


Channel


   5.46


    76


0.02


0.36


Cielo Grande


FTE-P-432


Chip-Channel


   1.81


  282


0.05


0.27


Cielo Grande


   FTE-P-437


Chip-Channel


   2.02


  237


0.10


0.48


Cielo Grande


FTE-P-441


Chip-Channel


   1.98


    60


0.03


0.84


Cielo Grande


XCO-P-450


Chip-Channel


   6.52


  102


0.02


0.29


San  José


XCO-P-455S


Chip-Channel


   1.52


  107


0.07


0.61


San  José


FTE-P-460


Chip-Channel


   1.55


    24


0.01


0.33


San  José


FTE-P-465


Chip-Channel


   1.17


    16


0.01


0.09


San  José


FTE-P-470


Chip-Channel


   1.49


   29


0.01


0.18


San  José


FTE-P-475


Chip-Channel


   1.45


    26


0.01


0.28


San  José


FTE-P-477


Chip-Channel


   1.92


    20


0.01


0.14


San  José


XCO-P-480


Chip-Channel


   2.41


  836


0.04


0.85


 


Including


 


  1.35


1385


0.07


1.33


San  José


XCO-P-487S


Chip-Channel


   2.09


  145


0.02


0.32


San  José


XCO-P-490N


Chip-Channel


   1.68


    69


0.02


0.47


San  José


FTE-P-495


Chip-Channel


   1.33


  186


0.03


0.39


San  José


FTE-P-500


Chip-Channel


   1.55


    64


0.01


0.32


San  José


XCO-P-505N


Chip-Channel


   0.95


    85


0.01


0.23


San  José


FTE-P-509


Chip-Channel


   2.05


    17


0.01


0.21


San  José


FTE-P-513


Chip-Channel


   0.79


   42


0.01


0.24


San  José


FTE-P-517


Chip-Channel


 1.4


   71


0.02


0.30


San  José


XCO-P-522


Chip-Channel


   4.52


    71


0.04


0.56


San  José


FTE-P-525


Chip-Channel


   1.45


   32


0.02


0.31


San  José


FTE-P-530


Chip-Channel


   2.13


    58


0.03


0.28


San  José


FTE-P-530T


Chip-Channel


   1.08


   18


0.05


0.19


San  José


FTE-P-535


Chip-Channel


   1.45


   26


0.02


0.49


San  José


FTE-P-540


Chip-Channel


   1.58


   25


0.02


0.27


San  José


FTE-P-545


Chip-Channel


   1.44


   54


0.02


0.59


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 True widths are based on a dip of 75 degrees for the Catarina structure.
3 Four samples in this interval exceeded the upper limit of detection for lead. Because overlimit assays have not yet been received, these values are reported as 20.00% lead.
 
Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: “Soltoro’s is investigating the underground mine potential in the main resource area at our El Rayo primary silver project. The historic Catarina mine area represents an attractive underground high-grade silver target. Sampling of the second level of the mine will begin shortly which, along with surface trenching and drilling, will be used to establish a resource in the Catarina mine area. Soltoro expects to define new target areas for drilling to expand our understanding of the mineralization at depth.”

Soltoro has completed 20 drill holes in the Catarina mine area, seven of which were designed to test mineralization at depth. The best result was from drill hole Ray07-23, which intersected 117 g/t silver over a drilled width of 45 metres. These drill holes, along with trenching results from a prior Soltoro sampling program, will be used to define an NI 43-101 compliant resource at Catarina.

Mineralization at the Catarina Mine is typical of low-sulphidation epithermal deposits with a vein-breccia surrounded by stockwork veining in altered volcanic rocks. Base metal sulphides, principally galena, along with silver-bearing sulphides and sulfosalts, occur in a matrix of quartz with lesser carbonate and hematite.

A location map and sample area maps may be viewed at: http://www.soltoro.com/projects/pdf/NR153maps.pdf
 
Assaying is done by ALS-Chemex through their facility in Guadalajara, Mexico. Gold was analyzed using a 30 g fire assay with AA finish while the silver is analyzed using a four acid “near total” digestion package, lead overlimits were analyzed using volumetric titration. Mr. Steven T. Priesmeyer, C.P.G., Vice President Exploration for Soltoro Ltd. and a qualified person as defined by NI 43-101 has reviewed and approved the contents of this press release.
 
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.

FOR FURTHER INFORMATION PLEASE CONTACT:
Andrew Thomson, President,  Phone: (416) 987-0722 or visit www.soltoro.com


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




Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. Soltoro holds an interest in an excess of 55,000 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 d’Alene 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

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
–>


Argentum Silver announces that, as a result of a review by the British Columbia Securities Commission (the “BCSC”), they are issuing the following news release to clarify their disclosure.  Argentum Silver advises readers not to rely on such prior disclosure that is clarified in this news release as they may continue to be found in the public domain.
On May 13, 2013, Argentum Silver issued a news release (the “News Release”) containing a range of tonnage and grades for a target potential (or target deposit) of contained silver content for the El Tajo Zone on its Coyote Project in Jalisco Mexico (the “Coyote Project”). This news release references and was based upon an independent potential target study (the “Study”) conducted by GeoVector Management Inc. of Nepean, Ontario, which was completed on March 27, 2013. The potential target in the News Release and the Study are contrary to and prohibited by section 2.3.(1)(a) of National Instrument 43-101 (“NI 43-101”) because they are not conceptual estimates of the potential quantity and grade of a target for further exploration (exploration target).
Argentum Silver hereby retracts the News Release and the Study, including all references to the target potential. Although the News Release did not provide a link to the Study, the Study was made available by a link on Argentum Silver’s website on May 13, 2013.  The link to the Study on Argentum Silver’s web site was removed by Argentum Silver within 48 hours.
The discussion and analysis in the Study indicates the target was based on precise calculations using specific key assumptions and parameters, all of which are not consistent with the conceptual nature of an exploration target. The Study reported the estimate at various cut-off grades to the nearest tonne and at very precise grades that are again inconsistent with a conceptual estimate of potential. The Study also referred to the target potential as a resource, a deposit and an orebody, terms synonymous with mineral resources or mineral reserves. The Study further treated the target potential as a mineral resource by suggesting, amongst other things, that it has potential to be economically mined and will be developed by Argentum. The Study further failed to include the required cautionary language required for exploration targets. Argentum Silver wishes to confirm that there is no current mineral resource for the Coyote Project.
Argentum Silver wishes to clarify that the Study is not a “Technical Report” as defined in NI 43-101.  Argentum Silver retracts the Study as it is not compliant with NI 43-101 and, as such, should not be relied upon.  The sole dissemination of the Study was through the link on its website.  Argentum Silver removed the link to the Study from its website on May 15, 2013, and will not further disseminate the Study to the public.  Argentum Silver will promptly disclose any material mineral resource estimate it receives for the Coyote Project and file a supporting technical report thereafter.
The BCSC has advised Argentum Silver that the release of the Study triggered the requirement to prepare and file a technical report on the Coyote Project under NI 43-101 within 45 days.  Argentum Silver is currently proceeding to satisfy this requirement.
The disclosure of technical and scientific information in today’s news release by Argentum Silver was reviewed and approved by Ben Whiting, M.Sc., P.Geo , a director of Argentum Silver and a “qualified person” under NI 43-101.

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