Soltoro Ltd. (TSX VENTURE:SOL) has commenced a reverse circulation ("RC") drill
program in the Piedras Amarillas mineralized zone at its 100% owned El Rayo
silver project. Currently two diamond drill rigs and one RC rig are drilling at
El Rayo to expand the existing measured and indicated 77.4 million ounce silver
resource. The Piedras Amarillas mineralized area has never been mined or drill
tested and is similar in size and orientation to that of the Las Bolas deposit
area. To date Soltoro has completed soil sampling, trenching, a ground magnetics
survey and an Induced Polarization ("IP") study in order to define drill targets
at Piedras Amarillas.


The Piedras Amarillas area is 1.5 kilometres east of the Las Bolas silver
deposit. To date three silver soil anomalies ranging from 300 metres to 800
metres in strike length and 50 metres to 150 metres in width have been
identified and are scheduled for drilling. These silver anomalies straddle a
northeast trending magnetic anomaly similar in orientation to the Las Bolas
deposit structure. 


Soltoro has planned 19 RC drill holes at Piedras Amarillas and thereafter the RC
drill will be moved to Mesa Colorada where 3 RC drill holes are planned. The RC
drill rig is being utilized as a roving exploration drill designed to quickly
drill test new areas that have previously seen no drilling. A series of ground
magnetic anomalies east of the La Soledad deposit are being followed up with
mapping and sampling with a view to RC drilling. 


The main focus at El Rayo remains on drill testing extensions to the known
deposit areas in order to increase the resource base while using inexpensive
exploration tools to develop additional drill targets on the property. These
include a recently completed 25.6 line-kilometer IP survey covering the La
Soledad, Piedras Amarillas and Las Bolas North areas, a recently completed
property-wide ground magnetic survey and ongoing soil geochemical programs. The
final results of both geophysical surveys are pending. Once the final reports
for both surveys are received and reviewed, Soltoro geological staff will ground
truth the anomalies and plan appropriate follow-up. At the present time the RC
drill rig is investigating the potential of Piedras Amarillas while the two
diamond drill rigs are testing the extensions of the La Soledad deposit to the
north and west. 


On December 20, 2011, Soltoro released an in-pit mineral resource estimate for
the Las Bolas, Highway Zone and La Soledad mineral deposits at its 100% owned El
Rayo silver-gold project in Jalisco, Mexico (NR117-December 20, 2011). At the
cut-off grade of 20 g/t Ag the Measured and Indicated Mineral Resources are
42,200,000 tonnes at an average grade of 57.11 g/t Ag containing approximately
77.4 million ounces of silver, and 580,000 tonnes of Inferred Mineral Resources
at an average grade of 65.51 g/t silver, containing approximately 1,180,000
ounces of silver. The mineral resource estimate was prepared by Hrayr Agnerian,
M.Sc. (Applied), P.Geo., Associate Principal Consulting Geologist with Roscoe
Postle Associates Inc. and is compliant with National Instrument (NI) 43-101.
Mr. Agnerian is the Qualified Person for the purposes of National Instrument 43-
101.


Mr. Steven T. Priesmeyer, C.P.G., Vice President of Exploration for Soltoro Ltd.
and a qualified person as defined by NI 43-101 has reviewed and approved the
contents of this press release. Field supervision of the El Rayo project is
provided by Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro
Mexico.


About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in
Mexico. The Company has two diamond drill rigs and one reverse circulation drill
rig operating at the El Rayo silver project with the objective of expanding the
existing 77.4 million ounce NI 43-101 silver resource. Soltoro has optioned
several of its properties in Jalisco State. The Company is seeking partners to
advance its Chinipas, La Tortuga, El Santuario and Pena Grande projects. Soltoro
has 58,948,037 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.


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.