TORONTO, ONTARIO -- Soltoro Ltd. (TSX VENTURE:SOL) has commenced a drilling program designed to test the bulk tonnage gold potential at its 100%-owned Chinipas Project in Chihuahua State, Mexico. A 2,000 metre drill program is underway with four drill holes planned in the first phase of drilling. Chinipas is located 16 km northeast of the Palmarejo Mine owned by Coeur d'Alene Mines in the western portion of the Sierra Madre Occidental, one of the world's largest and most prolific epithermal gold and silver belts.

At Chinipas, gold mineralization occurs in sheeted quartz-tourmaline-pyrite veins and veinlets hosted by a strongly fractured quartz-feldspar porphyry. Local prospectors have mined coarse, visible gold from several veins on the property. Sampling of the veins has returned 17.65 g/t gold over 15 cm, 2.92 g/t gold over 2.0 metres, 2.49 gold over 1.3 metres and 2.14 g/t gold from a 3.0 metre by 3.0 metre panel sample. Veining occurs along a 3.5 km long northeast-southwest trend. Drilling is designed to test the area of most intense veining covering a 1.2 km strike length and 0.5 km width.

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "The first phase of drilling at Chinipas is designed to test mineralization along a 1.2 km strike length for its bulk tonnage gold potential. Results from this program will allow us to determine the continuity and distribution of the gold mineralization. With the nearby Palmarejo Mine recently placed into production and other significant exploration projects meeting success in the region, we felt it was the right time to complete an orientation drill program."

The Chinipas property covers 1,421 hectares and is located located 13 km north of the town of Chinipas. Infrastructure at Chinipas has improved significantly with the opening of the Palmarejo Mine with most basic services now being available in the town of Chinipas. The Property has never been drill tested nor explored using modern exploration techniques. This initial drill program will satisfy property expenditure requirements and maintain the claims in good standing for several years.

A geological map with proposed drill hole locations may be viewed at:

http://www.soltoro.com/projects/pdf/drilling2011Chinipas.pdf

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.

About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. The Company has two drills operating at the El Rayo primary silver project to expand the existing NI 43-101 silver resource. An orientation drill program is also being carried out at the Chinipas project to investigate the potential for a bulk tonnage gold deposit. Soltoro has optioned a portion of its Quila claim to Timmins Gold Corp. and optioned its Victoria and Coyote claims to Argentum Silver Corp. The Company continues to actively advance its La Tortuga, El Santuario and Peña Grande projects. Soltoro has 49,635,018 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.

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