Soltoro and Argentum Silver Sampling Returns 2.5 Metres of 458 g/t Silver at the Coyote Silver Gold Project

TORONTO, ONTARIO -- (Marketwire - Oct. 20, 2011) - Soltoro Ltd. (TSX VENTURE: SOL) & Argentum Silver Corp. (TSX VENTURE: ASL) have returned high grade silver assay results from the 1,053 hectare Coyote Project, located in the state of Jalisco, Mexico. The Coyote project controls the historic San Miguel de la Sierra mining district. Argentum Silver holds an option to acquire 100% of the Coyote and Victoria projects from Soltoro (April 26, 2011 NR95). Exploration crews began work at Coyote in the spring of 2011 which include geologic mapping, rock chip sampling and mapping of historic mine workings. Geophysical surface magnetic and IP/Resistivity surveys were also completed with results expected shortly.

The Company has mapped dozens of epithermal low sulfidation vein systems and stockwork zones, the majority of which occur within seven defined belts of mineralization over an area of approximately 1.5 x 2.6 kilometres. Within the seven belts, 197 rock chip samples were collected which returned a global average of 86.8 g/t silver and 0.096 g/t gold. The majority of the samples are continuous rock chip samples, with sample widths ranging from 0.3 metres to 10 metres. The average sample width is 1.9 metres. Twenty-six samples reported greater than 100 g/t silver, with select intervals returning 2.5 metres @ 458 g/t Ag, 0.8 metres @ 423 g/t Ag, 0.8 metres @ 661 g/t Ag, 1.0 metre @ 505 g/t Ag and 0.8 metres @ 475 g/t Ag. In addition to the high grade veining, there is also the potential for bulk tonnage mineralization as evidenced by wide zones of stockwork mineralization.

Ongoing exploration programs will include interpretation of the geophysical surveys, continued mapping and sampling, and mechanical trenching to determine true widths and grades of mineralization. Drill targets will be defined once all of the completed survey data has been received.

Soltoro currently holds 1.5M common shares of Argentum Silver and stands to receive an additional 3.5M common shares over the course of the option agreement. On completion of the terms of the agreement, Argentum will acquire a 100% undivided interest in Soltoro's Victoria and Coyote silver-gold projects. Soltoro retains a 3% NSR interest in each project whereby up to 2% can be purchased for US $1.5 million per 1% NSR. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State. At Soltoro's 100% owned El Rayo primary silver project, two drills are operating to further expand the existing silver resource. For more information on Soltoro's projects please visit www.soltoro.com.

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. Assays are being performed by ALS Chemex with analytical procedures including a 33 element ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays exceeding 100 g/t are re-assayed by HCL leacah with an ICP-AES or AAS finish (OG62).


About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. The Company has two diamond drills operating at the El Rayo silver project with the objective of expanding the existing NI 43-101 silver resource. An orientation drill program was recently completed at the Chinipas gold project in the State of Chihuahua. 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 56,666,537 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur D'Alenes 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

Neither the 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.



Contact Information

Soltoro Ltd.
Andrew Thomson, President
(416) 987-0722
www.soltoro.com