Solitario Exploration & Royalty Corp.

Published : June 06th, 2016

Solitario Purchases NSR Royalty on Prospective Properties in Montana

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Solitario Purchases NSR Royalty on Prospective Properties in Montana

Microsoft Word - 2016 June 6 - Montana Royalty-v2.docx

June 6, 2016

SOLITARIO PURCHASES NSR ROYALTY ON PROSPECTIVE PROPERTIES IN MONTANA

Denver, Colorado: Solitario Exploration & Royalty Corp. ("Solitario;" NYSE MKT: XPL; TSX: SLR) announces that it has purchased a 1.5% Net Smelter Return ("NSR") royalty on 15,831 acres of highly prospective mineral properties in Montana. The royalties were purchased from Atna Resources Inc. ("Atna") as part of its Chapter 11 bankruptcy auction process.

In 2012, Atna evaluated the mineral potential on approximately 830,000 acres of mineral rights that it held in western Montana to create a portfolio of NSR royalty properties. Atna's criteria for creating royalty properties from this vast mineral holding were the presence of surface mineralization, historical mining and favorable geology defined by exploration programs conducted by Anaconda Copper, Phelps Dodge and several other companies. Atna identified 11 properties with the highest mineral potential and created a 1.5% NSR royalty on these parcels. With this purchase, Solitario now owns the royalty on these 11 properties.

Chris Herald, President and CEO of Solitario stated: "This acquisition is a building block to the royalty segment of our company. What is unique about these royalties are that they pertain to private deeded property and are thus perpetually titled. We were very pleased that our $2.50 per acre bid won the royalty rights on these 15,831 acres. The purchase price is the only investment we will ever have to make to retain these royalties in perpetuity. Voluminous technical information suggests excellent potential for Cu, Cu-Au, Cu-Ag and polymetallic mineralization on these properties that is consistent with the largest mineral deposits located in western Montana."

About Solitario

Solitario is an exploration and royalty company traded on the NYSE MKT ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario has a joint venture with Minera Milpo (a Peruvian zinc miner) on its high-grade Bongará zinc project in Peru and a 9.97% equity interest in Vendetta Mining. Solitario's Management and Directors hold approximately 7.6% (excluding options) of the Company's 39.0 million shares outstanding. Solitario's cash balance at end of the first quarter of 2016 was approximately US$17 million. Additional information about Solitario is available online at www.solitarioxr.com.

FOR MORE INFORMATION AT SOLITARIO CONTACT:

Debbie Mino-Austin

Director - Investor Relations

(800) 229-6827

Christopher E. Herald President & CEO

(303) 534-1030

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the

U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws), that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical fact. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Forward-looking statements involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. It can give no assurance that these expectations will prove correct. Additional risk factors are discussed in Solitario's filings with the U.S. Securities and Exchange Commission (the "SEC") including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Solitario Exploration & Royalty Corp.

EXPLORATION STAGE
CODE : SLR.TO
ISIN : US8342EP1070
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Solitario Exploration & Royalty is a gold and zinc development stage company based in United states of america.

Solitario Exploration & Royalty holds various exploration projects in Peru and in USA.

Its main exploration properties are PEDRA BRANCA and MERCURIO in Brazil, CHONTA, CHAMBARA, YANACOCHA and LA PROMESA in Peru, PACHUCA REAL in Mexico and MOUNT HAMILTON in USA.

Solitario Exploration & Royalty is listed in Canada and in United States of America. Its market capitalisation is CA$ 13.5 millions as of today (US$ 10.3 millions, € 9.2 millions).

Its stock quote reached its highest recent level on August 29, 1997 at CA$ 6.25, and its lowest recent point on December 28, 2018 at CA$ 0.26.

Solitario Exploration & Royalty has 38 690 000 shares outstanding.

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Financings of Solitario Exploration & Royalty Corp.
2/21/2014Commitments for $1,680,000 Private Placement
7/26/2013Closing of $2,059,589 Private Placement Including Insider Pu...
5/1/2013Closing of Private Placement to Acquire 5,131,150 Shares of ...
4/24/2013Private Placement with Ely Gold with Reduced Earn-in Payment
Project news of Solitario Exploration & Royalty Corp.
2/7/2014Zinc Uptrend Could Benefit Solitario Exploration
12/22/2010(Mount Hamilton)SOLITARIO AND ELY ENTER INTO DEFINITIVE JOINT VENTURE AGREEM...
1/12/2010(Bongarà)Major Expansion of Exploration & Development Activities on i...
1/7/2010(Pedra Branca)Drilling Results at Pedra Branca
1/29/2009(Bongarà)DRILLING RESULTS ON ITS BONGARÁ ZINC PROJECT, PERU
12/2/2008(Pedra Branca)ANNOUNCES ADDITIONAL MINERALIZATION INTERSECTED
3/13/2008(Pedra Branca)reported a major expansion in land holdings
9/20/2007Announces Significant Drilling Results
Corporate news of Solitario Exploration & Royalty Corp.
7/25/2016Solitario Exploration & Royalty Corp. Reports Results of Ann...
6/6/2016Solitario Purchases NSR Royalty on Prospective Properties in...
5/4/2016Solitario reports 1Q loss
8/25/2015Solitario and Ely Gold Close Transaction to Sell their Inter...
8/14/2015Solitario Exploration & Royalty Corp. Reports Results of Ann...
8/14/2015Solitario Reports Results of Annual Meeting of Shareholders
8/11/2015Solitario posts 2Q loss
4/2/2015Solitario Announces Milpo/Votorantim Have Earned a 61% Inter...
4/2/2015Solitario Announces Milpo / Votorantim Have Earned a 61% Int...
2/3/2015Solitario Options Its Norcan Copper Project in Mexico
1/14/2015Solitario Announces Mt. Hamilton Reclamation Permits Approve...
1/14/2015Solitario Announces Mt. Hamilton Reclamation Permits Approve...
11/19/2014Solitario Announces Milpo to Manage It's Bongará Zinc Operat...
11/19/2014Solitario Announces Milpo to Manage Its Bongará Zinc Operati...
10/20/2014Solitario Announces Updated Mt. Hamilton Feasibility Study; ...
10/20/2014Solitario Announces Updated Mt. Hamilton Feasibility Study
9/2/2014Solitario Completes Environmental Assessment Process on Its ...
5/29/2014Solitario Updates Activities on Its Pedra Branca and Pachuca...
4/23/2014Solitario Engages SRK Consulting to Complete an Initial NI 4...
4/17/2014Solitario Clarifies Technical Disclosures
12/3/2013Recent Transactions Bolster Solitario's Future Financial Pos...
11/21/2013Announces Sale of Shares of Ely Gold
10/1/2013Announces Resources Sensitivities to Gold Price for Its Mt. ...
9/19/2013Announces Resource and Metallurgy Update for Its Mt. Hamilto...
8/20/2013Intersects 10.7 Meters Grading 50.8% Zinc + Lead on itsBonga...
8/7/2013Announces High-Grade Drilling Results on its Bongará Zinc Pr...
10/26/2012NI 43-101 Technical Report Filed for its Mt. Hamilton Gold P...
7/19/2011CEO Chris Herald to Make Presentation in Denver, CO on July ...
5/19/2011News Release
4/13/2011News Release
2/18/2011News Release
11/19/2009Updates 2010 Exploration Plans
2/7/2009Revise Previously Issued Financial Statements
11/10/2008to Present at John Tumazos Very Independent Research, LLC Me...
7/25/2008Five Drills Now Operating on Solitario Projects
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