Solitario Announces Significant Drilling Results on Its Pachuca Real Silver-Gold Project and Its Triunfo Polymetallic Project



    DENVER, September 20 /CNW/ - Solitario Resources Corporation
("Solitario") announces that it has intersected significant mineralization on
its Pachuca Real silver-gold property in central Mexico and its Triunfo
polymetallic property in Bolivia. The Pachuca Real silver-gold project is
undergoing active exploration conducted by its joint venture partner, Newmont
Mining Corporation ("Newmont"). The Triunfo polymetallic project is 100%-owned
and operated by Solitario.

    PACHUCA REAL SILVER-GOLD PROJECT, MEXICO

    Newmont recently completed nine core holes totaling 3,368 meters on
Solitario's Pachuca Real project
(http://www.solitarioresources.com/art/Pachuca0907.gif). Two of the nine holes
intersected significant silver-gold mineralization, while anomalous
mineralization was intersected in all of the other seven holes. The target at
Pachuca consists of high-grade silver-gold mineralization in veins. All nine
holes were widely spaced on nine separate prospects within a large district.
Holes PAC-08 and PAC-09 are very encouraging as they showed the best
mineralization and are strategically situated in the central part of the large
46,350-hectare Pachuca Real claim block. Both holes targeted hidden veins
beneath broad surface areas of high-level clay alteration. Significant results
in the last two holes are as follows:

    
    Drill Hole      From/To      Interval (m)     Au g/t        Ag g/t
    ----------------------------------------------------------------------
    PAC-08       176.7 - 177.0        0.3          0.31          89.0
    ----------------------------------------------------------------------
                210.4 - 212.95       2.55          0.17          37.0
    ----------------------------------------------------------------------
                 266.4 - 267.3       0.90          2.03          754.0
    ----------------------------------------------------------------------
                 275.9 - 276.2        0.3          0.43          79.0
    ----------------------------------------------------------------------
    PAC-09       129.3 - 129.9        0.6          0.19          144.0
    ----------------------------------------------------------------------
                 138.4 - 139.3        0.9          0.22          30.5
    ----------------------------------------------------------------------
                 196.9 - 197.1        0.2          0.18          88.0
    ----------------------------------------------------------------------
                 207.1 - 207.5        0.4          0.24          16.6
    ----------------------------------------------------------------------
                 230.7 - 230.9        0.2          0.14          47.0
    ----------------------------------------------------------------------
                 245.0 - 245.5        0.5          0.75          468.0
    ----------------------------------------------------------------------
                 293.6 - 293.9        0.3          0.18          35.3
    ----------------------------------------------------------------------
                 300.4 - 301.4        1.0          0.09          63.8
    ----------------------------------------------------------------------
                 323.3 - 323.8        0.5          0.26          163.0
    ----------------------------------------------------------------------
                 380.3 - 380.6        0.3          0.32          109.0
    ----------------------------------------------------------------------
    

    Newmont has completed about 40% of its phase-one 7,500 meter drilling
commitment and is currently interpreting the drill results with emphasis on
integrating and updating its district-wide exploration model. As part of this
process, Newmont continues mapping and sampling of old underground workings to
determine patterns for ore-controlling structures with concurrent district
reconnaissance mapping and sampling to identify and prioritize new
high-priority drill targets. Drilling is currently scheduled to resume in
early 2008.

    The historic Pachuca mining district was one of the most prolific silver
districts in the world with substantial gold production. Past production
totals at least 1.4 billion ounces of silver and just over 7.0 million ounces
of gold. Solitario's property encompasses about 30 percent of the historic
district, but more importantly, covers over 95% of the potential extensions of
the district to the north ("North District"), a large area that has
essentially sat dormant from exploration during the past 50 years. This
drilling program was the first modern day exploration to test the North
District, and consequently, Solitario believes these results to be very
significant. Importantly, mineralization remains open in all directions with
many drill targets to be tested in the future.

    The venture agreement signed in September 2006, calls for annual work
commitments totaling $12.0 million over a 4.5 year period for Newmont to earn
a 51% interest in the project. Newmont will then have the right to earn an
additional 14% (total 65%) by spending at least $5.0 million annually until
such time as a positive feasibility study is completed for the project.
Newmont has the right to terminate the agreement at any time following its
initial work commitment.

    TRIUNFO POLYMETALLIC PROJECT, BOLIVIA

    At Solitario's Triunfo property in west-central Bolivia about 80
kilometers east of La Paz, Solitario recently completed three holes totaling
679 meters of core, the first drilling ever conducted on the property. The
target at Triunfo consists of sedimentary hosted polymetallic
(lead-zinc-silver-gold) mineralization in bedding planes and cross-cutting
veinlets. Complete results have been received from the first two holes, with
results from the third hole still pending. The first two holes were located
about 110 meters apart
(http://www.solitarioresources.com/art/TriunfoDrillHoleAssays.gif).
Significant results from the first two holes were:

    
                 From/To        Interval
     Hole #      (meters)        (meters)        % Lead         % Zinc
    ----------------------------------------------------------------------
    T-1       53.8 - 148.00       94.2            0.65           0.39
    ----------------------------------------------------------------------
    Incl.      53.8 - 88.00       34.2            0.82           0.44
    ----------------------------------------------------------------------
    T-2        10.7 - 91.8        81.1            0.70           0.58
    ----------------------------------------------------------------------

                  Silver          Gold        Combined(1)     Silver(2)
     Hole #         g/t            g/t        Lead + Zinc    Equivalent
    ---------------------------------------------------------------------
    T-1            21.8           0.39           1.04%        44.0 gpt
    ---------------------------------------------------------------------
    Incl.          24.4           0.65           1.60%        61.5 gpt
    ---------------------------------------------------------------------
    T-2            24.6           0.31           1.28%        42.3 gpt
    ---------------------------------------------------------------------
    

    (1)Combined Lead + Zinc arithmetically added together

    (2)Gold + Silver only as Silver Equivalent using 57:1, Silver to Gold
ratio

    Mineralization intersected in the first two holes displayed wide and
consistently mineralized zones that are near surface. The mineralization is
also truly polymetallic in character with average economic values being about
39% for lead, 29% for zinc, 19% for silver and 13% for gold. The
mineralization occurs at the crest of an antiformal fold with moderately
intense fracturing parallel to the fold axis. This setting is conducive to a
potentially large tonnage deposit, with surface mineralization suggesting good
potential for on-strike mineralization. Solitario can earn a 100% interest in
the property.

    Chris Herald, President and CEO of Solitario, stated, "Although we are
very early in the exploration process for both the Pachuca Real and Triunfo
properties, we are very pleased with these initial results. We eagerly await
additional drilling and believe the potential remains high for confirming
significant discoveries on each."

    The Triunfo drill hole information contained within this release is
reported under a quality control program supervised by Mr. Walt Hunt, Vice
President of Operations for Solitario, who is a qualified person as defined by
National Instrument 43-101, and for the Pachuca Real project, operated by
Newmont, the quality control program was reviewed by Mr. Hunt. Both projects
derived samples from 50% splits of HQ and NQ (2.5 and 1.9 inch) diameter core.
Samples are then shipped via secured third-party land and/or air
transportation companies and analyzed by ALS Chemex Inc., North Vancouver,
Canada, an ISO9002 registered company. In addition to the laboratory's quality
control program, a check assay program is ongoing.

    OTHER PROJECTS

    Drilling began in late-August on Solitario's high-grade Bongara zinc
project in northern Peru by its joint venture partner Votorantim Metais. The
planned 14,500-meter program is scheduled to be completed by the end of 2007.
Two core rigs are being utilized to complete the program.

    Solitario recently completed a 3,251 meter drilling program on its Pedra
Branca platinum-palladium property in northeastern Brazil. Assay results are
expected in several weeks. Solitario's joint venture partner, Anglo Platinum,
is funding all exploration costs on the project.

    ABOUT SOLITARIO

    Solitario is a gold, silver, platinum-palladium, and base metal
exploration company actively exploring in Brazil, Mexico, Peru and Bolivia.
Solitario has significant business relationships with Newmont Mining, Anglo
Platinum and Votorantim Metais. Solitario has approximately US$22 million in
cash and marketable securities and no debt. Solitario is traded on the
American Stock Exchange (AMEX:  XPL) and on the Toronto Stock Exchange
(TSX:SLR). Additional information about Solitario is available online at
www.solitarioresources.com.

    This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein, including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and
objectives of Solitario, 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. Development of
Solitario's properties are subject to the success of exploration, completion
and implementation of an economically viable mining plan, obtaining the
necessary permits and approvals from various regulatory authorities,
compliance with operating parameters established by such authorities and
political risks such as higher tax and royalty rates, foreign ownership
controls and our ability to finance in countries that may become politically
unstable. Important factors that could cause actual results to differ
materially from Solitario's expectations are disclosed under the heading "Risk
Factors" and elsewhere in Solitario's documents filed from time to time with
Canadian Securities Commissions, the United States Securities and Exchange
Commission and other regulatory authorities. This release also contains
information about adjacent properties on which Solitario has no right to
explore or mine. We advise U.S. investors that the SEC's mining guidelines
strictly prohibit information of this type in documents filed with the SEC.
U.S. investors are cautioned that mineral deposits on adjacent properties are
not indicative of mineral deposits on our properties.




For further information:

For further information: Solitario Resources Corporation Director -
Investor Relations Debbie Mino-Austin, 800-229-6827 or President & CEO
Christopher E. Herald, 303-534-1030

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SOLITARIO RESOURCES CORPORATION

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