Soltoro Ltd. (TSX VENTURE:SOL) has received an additional option payment of US
$100,000 from Gold Reserve Inc. (TSX VENTURE:GRZ)(NYSE Amex:GRZ)(NYSE MKT:GRZ).
Gold Reserve has the right to earn an undivided 51% interest in the La Tortuga
property located in Jalisco State, Mexico. Gold Reserve has indicated it will
carry out a drill program in 2012.


The Option Agreement allows Gold Reserve to acquire an undivided 51% interest by
making an aggregate US$650,000 in option payments to Soltoro and by making US$3
million in expenditures on the property over 3 years. At completion of the
earn-in a joint venture agreement will be formalized. Upon exercise of the
option, Gold Reserve may acquire an additional 9% for US$2,000,000. 


La Tortuga is an 11,562-hectare property being investigated for its base and
precious metal potential. At La Tortuga, widespread copper and gold
mineralization occurs over 49 square kilometers. From 2006 to 2008, the Company
completed 151 line-kilometers of Induced Polarization and in 2008, seven diamond
drill holes were completed to test chargeability anomalies in the historic Las
Garrochas and Macuchi mine areas and along Papagayo ridge.


In 2009 at the Macuchi mine area, mapping and sampling identified two separate
zones of hematite matrix breccia with associated secondary copper minerals on
fractures suggesting that an Iron Oxide Copper Gold (I.O.C.G) system, possibly
related to a diatreme complex, may be present on this portion of the Property.
In 2009, Soltoro drill tested the breccia targets in Macuchi mine area with four
diamond drill holes totaling 1,005 meters. Drilling was successful in confirming
the presence of hematite matrix breccias confirming that an I.O.C.G. system may
be present. In July 2009, a geophysical operator was contracted to carry out 80
line-kilometers of ground magnetics over the Macuchi area in order to better
understand local structures and their relationship to the magnetic rocks, as
well as the potential of the area for I.O.C.G. style mineralization.


About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in
Mexico. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State.
The Company has a diamond drill rig operating at the El Rayo silver project with
the objective of expanding the existing NI 43-101 silver resource. Soltoro has
optioned three 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 59,118,037 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.