Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) reports that it has
arranged a non-brokered private placement with MineralFields Group of up to
15,000,000 units at a price of $0.07 per unit for total proceeds of up to
$750,000 subject to the approval of the TSX Venture Exchange. 


Up to 15,000,000 units will be issued as flow-through units consisting of one
common share and one-half (1/2) of a transferable share purchase warrant. One
full warrant will entitle the holder to purchase one additional common share of
the Company at a price of $0.10 per share for the first year and $0.125 per
share until expiration on the second year. 


First Canadian Securities(R) will receive a cash finder's fee of 5% (no GST
payable) as well as a non-transferable option (the "Option") to acquire
1,071,428 units of the Company (the "Units"), equivalent to 10% of the total
units sold in the Private Placement. The Option is exercisable into Units for a
period of 24 months following the Closing at an exercise price of $0.07 per
Unit. Each Unit consists of one common share of the Company and one-half (1/2)
of one non-transferable share purchase warrant of the Company, each such warrant
entitling the holder to purchase one common share of the Company at an exercise
price of $0.10 for the first 12 months following the Closing and at an exercise
price of $0.125 between 12 and 24 months following the Closing.


"We are very pleased to be renewing our relationship with MineralFields Group,"
said Charles Desjardins, President of Solitaire. "This is an important milestone
in the growth of Solitaire and we look forward to working with MineralFields
Group as we develop our exploration targets."


All securities issued pursuant to this private placement will have a hold period
expiring four months after the date of issuance.


Non Flow-Through Private Placement 

Solitaire would also like to announce that it has arranged a non-brokered
private placement to raise up to $500,000 by issuing both non flow-through units
and flow-through units subject to the approval of the TSX Venture Exchange. 


Up to 3,571,428 flow-through units will be sold at a price of $0.07 and will be
issued as units consisting of one common share and one half (1/2) transferable
share purchase warrant. One transferable share purchase warrant will entitle the
holder to purchase one additional common share of the Company at a price of
$0.10 per share for the first year and $0.125 per share until expiration on the
second year.


Up to 5,000,000 non flow-through units will be sold at a price of $0.05 and will
be issued as units consisting of one common share and one transferable share
purchase warrant. One transferable share purchase warrant will entitle the
holder to purchase one additional common share of the Company at a price of
$0.10 per share for the first year and $0.125 per share until expiration on the
second year.


The proceeds of the private placement will be used for exploration work on the
Company's mineral properties and general working capital.


"About MineralFields, Pathway and First Canadian Securities (R)" 

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Montreal, Vancouver and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R).


About Solitaire Minerals Corp. 

Solitaire Minerals Corp. (TSX VENTURE:SLT) is a diversified Junior Canadian
Mineral Exploration Company with a specific focus on precious and base metal
properties in North America. In addition, the Company intends to acquire
Metallurgical coal leases.


For additional information please contact Solitaire Minerals Corp. or visit
www.solitaireminerals.com.


On Behalf of the Board of Directors 

SOLITAIRE MINERALS CORP. 

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual production
or formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.


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