SLT Specialty Liquid Transportation Corp

Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) reports that Terra
Ventures Inc. (TSX VENTURE:TAS) ("Terra") has commenced a diamond drilling
programs on the Wheeler River uranium properties, adjoining the Denison Mines
property and the Phoenix Zone, in the Athabasca Basin of Saskatchewan.


Terra has the option to earn up to a 95% interest in three dispositions, from
Solitaire, known as C-4, C-5 and C-6, with an aggregate area of 4,011 acres
(1,624 hectares) adjoining the northwest side of the Wheeler River property of
Denison Mines Corp. (TSX:DML) (60 percent), Cameco Corp. (TSX:CCO) (30 percent)
and JCU (Canada) Exploration Co. (10 percent). Denison has announced an
indicated mineral resource for its Phoenix Zone of 35.6 million pounds of U3O8,
with a grade of 18.0% U3O8. The Phoenix B Zone has an additional inferred
resource of 3.8 million pounds grading 7.3% U3O8. Denisons' summer drill program
begins in early June and will involve the drilling of approximately 55 holes for
24,000 metres. 


The highlights of the properties are:



--  Property lies midway between the McArthur River mine and the former
    producing Key Lake mine; 
--  Several conductors defined by previous airborne EM surveys; 
--  Extensive clay alteration found in boulder sampling; 
--  Uranium and pathfinder element geochemical anomalies in boulder
    sampling; 
--  Quartzite ridge in basement rocks was defined by previous diamond
    drilling on the C-5 property; similar quartzite ridges at the Phoenix
    Zone and the McArthur River mine are believed to localize uranium
    deposition; 



The three properties lie on a structural corridor located along a belt of
Aphebian metasediments in the subAthabasca basement. Previous airborne EM
surveys have defined conductors on the C-4 and C-5 blocks. Previous drilling in
the area has resulted in the recognition of a broad zone of clay alteration of
the type that is always associated with unconformity-type uranium mineralization
in the Athabasca basin. There is also evidence from prior drilling that a
quartzite ridge in the basement, similar to that which appears to be at least
partially responsible for localizing the giant McArthur River orebody and the
Phoenix zones, is present on the C-5 block. 


The McArthur River uranium mine owned by Cameco (70 per cent) and AREVA
Resources Canada (30 per cent) is mining an orebody with estimated proven and
probable reserves of approximately 334 million pounds of U3O8 grading 19.53%
U3O8, a measured and indicated resource of 30 million pounds of U3O8, an
inferred resource of 159 million pounds of U3O8, and past production of 171.2
million pounds of U3O8 (Cameco 2009 annual report). This uranium deposit
(approximate size of 700 million pounds of U3O8) is the world's largest
high-grade uranium mine. 


Terms of Option Agreement 

Upon regulatory approval, Terra has already paid $100,000 and issued 100,000
shares to Solitaire. In order to acquire an initial 55% interest, on or before
December 31, 2011 Terra must pay Solitaire an additional $100,000, issue an
additional 50,000 shares and incur at least $1,000,000 in exploration
expenditures on the properties. Upon the exercise of this initial option, Terra
will have the right to increase its interest to 75% on or before December 31,
2012 by paying an additional $150,000, issuing an additional 50,000 shares and
incurring an additional $1,000,000 in expenditures. For a period of five years
after the exercise of this second option, Terra may increase its interest to 95%
by paying Solitaire $5,000,000, whereupon Solitaire's remaining 5% interest will
be converted into a production carried interest.


Terra currently holds a 2% Net Smelter Returns Royalty on the properties. 

Technical information in this news release has been prepared and/or revised by
Mike Magrum, P.Eng., Director and Qualified Person as defined in NI 43-101 for
Terra.


About 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. 


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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