VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) - Solitaire Minerals Corp. (News - Market indicators) (Solitaire) would like to announce that it has closed the Non-Brokered Private Placement announced April 5th 2011. Solitaire raised $645,000 at a price of $0.05 per share.
A total of 5,800,000 units were issued as non-flow-through units consisting of one common share and one share purchase warrant. One warrant will entitle the holder to purchase one additional common share of the company at a price of $0.10 per share in the first year, $0.12 per share in the second year, and $0.15 per share in the third year.
A total of 7,100,000 units were issued as flow-through units 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 the company at a price of $0.10 per share in the first year, $0.12 per share in the second year, and $0.15 per share in the third year.
Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring August 21st 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: Pinetree Resource Partnership 2,000,000 non-flow-through; Ivano Veschini 380,000 flow-through shares; Kerry Chow 1,700,000 flow-through shares.
Finders' fees: Haywood Securities Inc. receives $53,500 and 1,070,000 non-transferable share purchase warrants, each exercisable for one share at a price of $0.10 for a three year period.
About Solitaire Minerals Corp.
Solitaire Minerals Corp. (News - Market indicators) is a diversified Junior Canadian Mineral Exploration Company with a specific focus on precious and base metal properties in North America.
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.
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. 
