Soltoro Ltd. (SOL:TSX.V) has filed a Technical Report for its 100% owned El Rayo silver project on SEDAR and the Company's website. The updated Mineral Resources included in the NI 43-101 Technical Report were prepared by Agnerian Consulting Ltd. (“Agnerian”) in support of the resource update and reflects minor changes to the Mineral Resources originally summarized in a news release on September 29, 2014. The Technical Report includes an updated estimate of the Las Bolas, La Soledad, Highway Zone silver deposits, and the El Rayo gold deposit, as well as a first time disclosure of the Mineral Resources for the historic Catarina mine. The revision considers a smaller tonnage, higher grade resource than previous estimates, which could be exploited through a combination of small open pit and underground operations.

The Mineral Resources were prepared in compliance with National Instrument (“NI”) 43-101 and CIM standards by constructing block models and applying conceptual open pit and underground models on each of the deposits. The estimates of open pit and underground resources are shown in the tables below:

SOLTORO LTD. - EL RAYO PROPERTY UPDATED MINERAL RESOURCES,
NOVEMBER 12, 2014

 

Notes:

1. CIM definitions were followed for Mineral Resources.
2. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.  The estimate of Mineral Resources may be materially affected by environmental permitting, legal, title, taxation, socio-economic, political, marketing, or other relevant issues.
3. The quantity and grade of the Inferred Mineral Resources are conceptual in nature and there has been insufficient exploration to define them as Measured Mineral Resources or Indicated Mineral Resources.  It is uncertain if further exploration will result in upgrading the Inferred Mineral Resources to an Indicated or Measured category.
4. The Qualified Person for these Mineral Resource estimates is Michael F. Waldegger, P.Geo. of MFW Geoscience Inc.
5. Silver Mineral Resources were estimated using price of US$20/oz Ag. Gold Mineral Resources were estimated using prices of US$1,250/oz Au.  Only credits for the contained lead were assigned for the Las Bolas, La Soledad, Highway Zone, and Catarina deposits.
6. Metallurgical recoveries for the contained silver and lead are assumed as follows:
   1. Las Bolas: ranging from 15% to 65% for silver.
   2. Matachines: ranging from 15% to 65% for silver and 55% for lead.
   3. La Soledad: 77% for silver and 55% for lead.
   4. Highway Zone: ranging from 15% to 65% for silver.
   5. Catarina: 60% for silver and 60% for lead.
   6. El Rayo Gold Zone: 90% for gold.
7. The bulk density is based on the sulphide constituents of the mineralized intersections and the average 2.28 t/m³ density for the gangue brecciated rock.
8. Mineral Resources were estimated using a pit discard NSR cut-off value of US$13 per tonne for the Las Bolas, La Soledad, Highway Zone, and El Rayo Gold Zone deposits, and a cut-off value of US$65 per tonne for the for the Las Bolas, La Soledad, and La Catarina underground deposits.
9. A minimum of 5 m vertical thickness of mineralization was used for the mineralized zones of the open pit deposits.
10. A minimum of 2 m horizontal thickness of mineralization was used for the mineralized zones of the underground deposits
11. The numbers for tonnage, average grade, and contained ounces of silver are rounded figures.
12. The contained ounces of silver and pounds of lead are in millions, respectively.
13. La Catarina Mineral Resources include tonnage from past underground mining. Actual numbers will be different than the above estimates.
14. The above resources are within preliminary open pits and represent 19% of total block model mineralization for Las Bolas deposit, 50% of total block model mineralization for La Soledad deposit, 2% of the total block model mineralization at the Highway Zone, 55% of total block model mineralization for the Catarina deposit, and 30% of total block model mineralization for the El Rayo Northern Extension.

Soltoro President and CEO, Andrew Thomson comments: “Soltoro has completed and filed its updated Technical Report for the El Rayo project report on SEDAR and the Company’s website. The mineral resources reported are in line with the current 3 year trailing average pricing for silver and takes into account recent metallurgical recoveries testing. The resulting revised higher grade silver resources could be exploited through a combination of small open pit and underground operations.”
 
Soltoro notes that Mineral Resource reported in this release and the Technical Report differ from those originally summarized in a news release on September 29, 2014 (NR170) due to the following:

• Adjustments to the block models of the Las Bolas and La Catarina deposits.
• Change in the classification of most of the Mineral Resources of the Las Bolas deposit from Indicated to Measured category and some from the Inferred to Indicated category.
• Additional review of the assay database on the La Catarina deposit.
• Inclusion of new resources estimates for the Highway Zone silver deposit and the El Rayo Gold Zone.

QUALIFIED PERSONS
 

A copy of the NI 43-101 Technical Report is available at www.soltoro.com and has been filed on SEDAR. The mineral resources were estimated by Mr. Michael Waldegger. P. Geo. of MFW Geoscience Inc., on behalf of Agnerian Consulting Ltd. (AC).  Both Messrs Hrayr Agnerian, M.Sc. (Applied), P.Geo., President of AC. and Waldegger are Qualified Persons for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Mr. Agnerian has reviewed and verified the information disclosed in this news release.

ABOUT SOLTORO
 

Soltoro is engaged in exploration for gold and silver deposits in Mexico. Soltoro holds in excess of 30,000 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 a 3% N.S.R. payable on Argentum Silver’s Victoria and Coyote properties. Post the current financing, Soltoro has 75,533,037 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol “SOL”.

 
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
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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.