Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) would like to announce
that it has closed the Non-Brokered Private Placements announced on November
30th, 2010 and December 20, 2010 in which $1,323,039.95 was raised.


A total of 11,786,285 units were issued as flow-through units at a price of 7
cents, consisting of one common share and one-half of one share purchase
warrant. One warrant will entitle the holder to purchase one additional common
share of Solitaire at a price of 10 cents per share in the first year and at a
price of 12.5 cents per share in the second year. Of the 11,786,285 flow-through
units issued, 10,714,285 were issued to MineralFields flow-through limited
partnerships. "We are very pleased to be entering into this relationship with
MineralFields Group," said Charles Desjardins, President and CEO. "This is an
important milestone in the growth of Solitaire Minerals Corp. and we look
forward to working with MineralFields Group as we develop our exploration
targets."


A total of 9,960,000 units were issued as non-flow-through units at a price of 5
cents, consisting of one common share and one non-transferable share purchase
warrant. One warrant will entitle the holder to purchase one additional common
share of Solitaire at a price of 10 cents per share in the first year and at a
price of 12.5 cents per share in the second year.


A total of 15,853,143 warrants were issued. One warrant will entitle the holder
to purchase one additional common share of Solitaire at a price of 10 cents per
share in the first year and at a price of 12.5 cents per share in the second
year.


Shares, warrants and any shares issued upon exercise of the warrants are subject
to a hold period of four months expiring April 23, 2011. The proceeds of the
private placement will be used for exploration of the company's mineral
properties and general working capital.


The following pros participated in the private placement;

Pro group: Jacqueline Chow 800,000 non-flow-through shares; Mineral Fields LPs
10,714,285 flow-through shares.


Finder's fees: Haywood Securities Inc. receives $23,000 and 460,000
non-transferable share purchase warrants, where each warrant is exercisable at a
price of 10 cents per share in the first year and at a price of 12.5 cents per
share in the second year.


Northern Securities Inc. receives $2,350 and 45,000 non-transferable share
purchase warrants, where each warrant is exercisable at a price of 10 cents per
share in the first year and at a price of 12.5 cents per share in the second
year.


Finder's Options: Limited Market Dealer Inc. receives 1,071,428 finder's
options. Each finder's option is exercisable into a finder's unit at 7 cents.
Each finder's unit will be comprised of one common share (Finder's Share) and
one-half of one non-transferable share purchase warrant (each whole security
being a "Finder's Warrant") entitling the holder to purchase one additional
common share of Solitaire (a "Finder's Warrant Share") for a period of two years
from the closing date of the private placement at an exercise price of 10 cents
per Finder's Warrant Share if exercised during the first year and at an exercise
price of 12.5 cents per Finder's Warrant Share if exercised during the second
year of the term of the Finder's Warrant.


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 Fund 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 U.S. 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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