Solitaire Minerals to Receive Cash and Shares From AM Gold Inc. to Pay Outstanding Debt on the Pinaya Property, Peru

Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) reports that AM Gold
Inc., formerly known as Acero-Martin Exploration Inc., has entered into an
agreement to settle its outstanding debt with Solitaire in the amount of
$300,000. Under the settlement agreement, AM Gold Inc. is to pay Solitaire
$100,000 in cash and issue the cash equivalent of $200,000 in common shares of
AM Gold Inc. issued at $0.35 per share, subject to regulatory approval. The
$300,000 settlement satisfies all obligations between Solitaire and AM Gold Inc.
for a proposed joint venture program at the Pinaya property in Peru. The
agreement was terminated by then Acero-Martin Exploration Inc. by way of press
release dated April 29, 2010.


About Solitaire Minerals Corp. (TSX VENTURE:SLT) is a diversified Junior
Canadian Mineral Exploration Company with a specific focus on precious and base
metal properties in North America. In addition, the Company intends to acquire
Metallurgical coal leases. Solitaire continues to negotiate for coal leases with
near and long term production potential.


For additional information please contact Solitaire Minerals Corp. or visit
www.solitaireminerals.com.


On Behalf of the Board of Directors 

SOLITAIRE MINERALS CORP.

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual production
or formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.

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