Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) would like to announce that it has closed the Non-Brokered Private Placements announced on November 30th, 2010 and December 20, 2010 in which $1,323,039.95 was raised.

A total of 11,786,285 units were issued as flow-through units at a price of 7 cents, consisting of one common share and one-half of one share purchase warrant. One warrant will entitle the holder to purchase one additional common share of Solitaire at a price of 10 cents per share in the first year and at a price of 12.5 cents per share in the second year. Of the 11,786,285 flow-through units issued, 10,714,285 were issued to MineralFields flow-through limited partnerships. "We are very pleased to be entering into this relationship with MineralFields Group," said Charles Desjardins, President and CEO. "This is an important milestone in the growth of Solitaire Minerals Corp. and we look forward to working with MineralFields Group as we develop our exploration targets."

A total of 9,960,000 units were issued as non-flow-through units at a price of 5 cents, consisting of one common share and one non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional common share of Solitaire at a price of 10 cents per share in the first year and at a price of 12.5 cents per share in the second year.

A total of 15,853,143 warrants were issued. One warrant will entitle the holder to purchase one additional common share of Solitaire at a price of 10 cents per share in the first year and at a price of 12.5 cents per share in the second year.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring April 23, 2011. The proceeds of the private placement will be used for exploration of the company's mineral properties and general working capital.

The following pros participated in the private placement;

Pro group: Jacqueline Chow 800,000 non-flow-through shares; Mineral Fields LPs 10,714,285 flow-through shares.

Finder's fees: Haywood Securities Inc. receives $23,000 and 460,000 non-transferable share purchase warrants, where each warrant is exercisable at a price of 10 cents per share in the first year and at a price of 12.5 cents per share in the second year.

Northern Securities Inc. receives $2,350 and 45,000 non-transferable share purchase warrants, where each warrant is exercisable at a price of 10 cents per share in the first year and at a price of 12.5 cents per share in the second year.

Finder's Options: Limited Market Dealer Inc. receives 1,071,428 finder's options. Each finder's option is exercisable into a finder's unit at 7 cents. Each finder's unit will be comprised of one common share (Finder's Share) and one-half of one non-transferable share purchase warrant (each whole security being a "Finder's Warrant") entitling the holder to purchase one additional common share of Solitaire (a "Finder's Warrant Share") for a period of two years from the closing date of the private placement at an exercise price of 10 cents per Finder's Warrant Share if exercised during the first year and at an exercise price of 12.5 cents per Finder's Warrant Share if exercised during the second year of the term of the Finder's Warrant.

About MineralFields, Pathway and First Canadian Securities®

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities®.

About Solitaire Minerals Corp.

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.

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 U.S. 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.

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.

Contacts: Solitaire Minerals Corp. Charles Desjardins President and Director 604-683-5445 604-687-9631 (FAX) info@solitaireminerals.com www.solitaireminerals.com

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