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TORONTO, ONTARIO--(Marketwire - June 20, 2012) - Soltoro Ltd. (TSX VENTURE:SOL) has completed in excess of 10,000 metres of this year's planned 20,000 metre drill program at its El Rayo primary silver project in Jalisco, Mexico. Results from the latest round of drilling include high-grade silver intercepts of 1.2 metres of 706 g/t silver at the La Soledad West deposit and 4.5 metres of 378 g/t silver in a newly discovered zone east of the Matachines mine at the south end of the Las Bolas structure. Drilling continues in order to expand existing silver resources along extensions of known resource areas and at newly identified prospective exploration target areas.

LA SOLEDAD WEST AREA: A total of sixteen diamond drill holes and four reverse-circulation holes were completed in this area. Drilling tested the western extension of the La Soledad deposit and several Induced Polarization anomalies. Further diamond drilling is planned to test the resource potential of the La Soledad West deposit at depth. Selected results are as follows:

Andrew Thomson, President of Soltoro Ltd., stated: "The discovery of a new near-surface high-grade silver zone east of the Las Bolas deposit and northeast of the La Soledad deposit is another indication of the potential to expand the current silver resource base at El Rayo. Two drill rigs continue to operate on the property."

MATACHINES EAST: A total of four diamond drill holes and two reverse-circulation holes were completed in this area. Drilling tested the Las Bolas structure and a silver soil anomaly 200 metres east of the Matachines mine area. RC12-149 intersected a new, previously unknown, high-grade silver structure. Further drilling is underway to determine the extent of the mineralization. Results are as follows:

PIEDRAS AMARILLAS AREA: A total of fifteen reverse-circulation holes were completed in this area. Drilling tested a series of silver soil and Induced Polarization anomalies. Further drilling is planned. Results are as follows:

HIGHWAY ZONE EXTENSION SOUTHWEST: Two diamond drill holes were completed in this area. Drilling tested mineralization below the historic Aquacero mine. Drilling failed to intercept any significant mineralization:

MESA COLORADA: Two reverse-circulation holes were completed in this area. Drilling tested a ground magnetic anomaly and associated color soil anomaly. Drilling failed to intercept significant mineralization.

A drill hole location map and sections of the newly drilled holes from the Soledad structure may be viewed at:
http://www.soltoro.com/projects/pdf/NR130_Figures.pdf.

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA finish while the silver is analyzed using a four acid "near total" digestion package. 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. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State. The Company has a diamond drill rig and a reverse circulation 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 Peña 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.