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Soltoro Ltd.: Soltoro Appoints Advisory Board and Issues Stock Options

^{Published on 2009-09-08 16:14:21 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2009) - Soltoro Ltd. (TSX VENTURE:SOL) has appointed an advisory board to assist with advancing the Companies projects. The advisory board has a wealth of experience in Central America including the development of bulk tonnage gold, silver and copper deposits. Members of the Advisory Board include:

Chester F. Millar, P.Eng., Mr. Millar is a pioneer of heap leach gold production and of large-scale bulk mining methods used for mining low-grade gold deposits in the Western United States. Under his assistance, Afton Mines, Glamis Gold Limited and Eldorado Gold Corporation matured from junior exploration and early production companies into substantial gold producers. Mr. Millar served as Chairman of Glamis Limited from 1985 to 1998, Chairman of Eldorado Gold Corporation from 1992 to 1994 and Chairman of Alamos Gold Inc. from 1996 to 2003. He recently retired as Chairman and Director of Castle Gold Corp. and is currently Chairman of Pediment Gold Corp.

Laurence W. Curtis, PhD, P.Geo, Dr. Curtis is a geologist (PhD, 1974, Toronto) with over thirty five years of international experience in the natural resource sector with direct experience in Africa, Greenland, North, South and Central America, and in the Pacific. Mr Curtis has spent over fifteen years working in the Caribbean Basin and has been responsible for several epithermal discoveries during this time. He was President of Curtis & Associates, a mineral resource consulting firm, from 1980 to 1996. Dr. Curtis founded Intrepid Minerals Corporation in 1995 and was President, CEO and director for eleven years.

Terence J. Bottrill, P.Eng., Mr. Bottril has been employed as a geologist or consultant for various corporations as head-office staff in research and as director of exploration on projects from grass-roots to full feasibility studies. He has undertaken field work on every continent except Antarctica, and has been closely involved in exploration discoveries of gold, silver and copper in Canada, Mexico, USA and Botswana. He has been involved in exploration in Mexico since 1972, and lived in Guanajuato for two years. He has considerable experience on advanced silver and gold projects, as well as in porphyry copper and iron-oxide-copper-gold deposits

On September 8, 2009, subject to regulatory approval, Soltoro Ltd. granted incentive stock options to directors, officers and consultants of the Company. Directors, officers and consultants were issued 1,225,000 options exercisable at a price of $0.42 per share for a period of three years.

Soltoro is a junior exploration company active in Mexico. The Company is exploring for bulk tonnage gold, silver and copper deposits in Mexico. The Company is conducting a resource definition drill program on its El Rayo silver-gold-lead project, has a significant joint-venture partner working on its Quila project where drilling is planned in 2009 and is advancing its Chinipas and El Santuario gold projects. Soltoro has 27,408,650 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.

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