TORONTO, ONTARIO--(Marketwire - March 31, 2011) - Soltoro Ltd. (News - Market indicators) recently completed four diamond drill holes in the Las Bolas resource area and one hole in the Matachines resource area. Three of the holes in the Las Bolas area were step-out holes designed to increase the existing NI 43-101 resource, test the envelope of the Las Bolas deposit and test for a sulphide zone at depth. The step-out holes encountered significant mineralized widths in excess of 85 metres with one hole intercepting 160 metres of 47 g/t silver. Ray11-54 was drilled 400 metres off the main structure and is one of the deepest holes completed to date in the Las Bolas deposit area. Ray11-54 encountered oxidized sulphides at depth suggesting that this hole has reached the transition zone between oxidized and sulphide mineralization. One infill drill hole Ray11-56 was completed on section S04. Results were returned as follows:

Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "The deeper holes drilled at Las Bolas continue to intercept significant widths of mineralization at depth. This drilling indicates that we have reached the transition zone between oxide and sulphide mineralization. Further drilling to test for the sulphide zone at depth is warranted. Resource definition drilling is ongoing."

A single drill hole was completed in the Matachines mine area on the south end of the Las Bolas structure 100 metres south of prior drilling by Soltoro. This drill hole was designed to test both the strike extension of the Las Bolas structure and the projected intersection of the Las Bolas and La Soledad structures at depth. This drill hole was completed 200 metres south of the Matachines Mine. Results were returned as follows: 

A map showing the location of the drill holes may be viewed at: http://www.soltoro.com/projects/pdf/NR91Drillhole.pdf
Sections will be made available on Soltoro's web site when they are completed. To view a 3D image showing the new holes in relation to the Las Bolas deposit please visit Soltoro's web page at www.soltoro.com.

The Company has also completed a soil sampling program above the Las Bolas deposit area in order to identify potential drill targets along the Santa Fe north east extension. A total of 677 samples were taken over a strike length of 5 km. A trenching program has been completed on the Soledad structure south the Las Bolas structure. The Soledad structure has been traced for approximately 900 metres along strike with 22 trenches completed to date. La Soledad is a north west trending structure which runs parallel to the Catarina structure and perpendicular to the Las Bolas structure. La Soledad has never been drill tested and is covered by overburden for the most part. Results from the trenching program are being compiled and will be released shortly.

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Gold was analyzed using a 30g fire assay with AA finish while the silver is analyzed using a four acid "near total" digestion package. Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico is a qualified person as defined by NI 43-101 has reviewed and approved the contents of this press release.

About Soltoro:

Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. The Company continues to expand the existing NI 43-101 compliant primary silver resource on its El Rayo project. Soltoro has optioned a portion of its Quila claim to Timmins Gold Corp., optioned its Victoria and Coyote claims to Argentum Silver Corp. and is actively advancing its La Tortuga, Chinipas, El Santuario and Peña Grande projects. Soltoro has 47,658,629 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL.

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