Solitaire Minerals Corp. Commences Drilling at the Riou Lake Uranium Property, in the Athabasca Basin

    TSX-Venture: SLT

    VANCOUVER, Oct. 15 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) is
pleased to report that drilling has commenced at the Riou Lake Uranium
Property. The Riou Lake Project lies within the prolific Athabasca Basin of
northern Saskatchewan about 40 kilometers southwest of the settlement of Stony
Rapids. Helicopters Transport Services (Canada) Inc. has flown the drill to
the property and Cyr Drilling International began the diamond drilling of
uranium targets.
    As previously reported, the targets to be tested lie where the
intersection of faults believed to displace the Athabasca sandstone coincide
with strong soil gas hydrocarbon (SGH) geochemical anomalies. The SGH
anomalies were interpreted by Activation Laboratories Ltd. of Ancaster,
Ontario. The two main areas of interest were designated the Prime Target Area
and the Secondary Target Area on the Main Grid. Activation's report states,
"There is a very high probability of uranium targets at the primary and
secondary target areas shown at the main grid".
    Jim Kermeen, M.Sc.,P.Eng., the Qualified Person for this release states,
"the SGH anomalies were selected by Activation without prior knowledge of the
detailed geology on the property; the fact that the two strongest anomalies
coincide within areas already deemed favourable based on structural geology
makes them very interesting drill targets".

    Red Lake North Update

    The drill program is progressing successfully, and is currently on the
ninth hole. The holes will be drilled at four distinct target areas along the
projected extension of a gold bearing Sericite Schist trend as determined by
Rubicon Minerals Corp., the project operator.

    Terry Bursey, P.Geo, a qualified person under National instrument 43-101
will advance the Red Lake North project.

    About Solitaire Minerals Corp. Solitaire Minerals Corp. (TSX-V symbol:
SLT) is a diversified junior Canadian mineral exploration company with a
specific focus on mineral properties in North America. The Company has
assembled a portfolio of precious and base metal exploration prospects in
Ontario, Saskatchewan, Alberta, and the North West Territories. Solitaire's
Ontario properties in the Red Lake/Birch-Uchi Greenstone Belt include the
Baird, Heyson and Chukuni River Prospects, in which the Company has agreements
to earn 100% in, but has not yet vested its interest. In addition, the Company
has entered into an option agreement with another company, whereby that
company may earn up to a 75% interest in the Baird Property. The Company also
has an option to earn 100% in the Lateral Lake West property located in the
Webb township of Ontario. In Saskatchewan, the Company has signed a purchase
agreement to acquire a 100% interest in the Highrock Lake property and a 90%
interest in the Riou Lake Property located in the Athabasca Basin. The Company
has also acquired the Riou Lake North and South properties in which the
company has 100% interest. In Alberta, the Company has purchased the
Ravenscrag property in which the Company has 100% interest. In the North West
Territories, the Company has purchased the Mystery Island IOCG Property
located in the Great Bear Lake area in which the Company has 100% interest.

    On Behalf of the Board of Directors

    "Charles Desjardins"

    Charles Desjardins,
    President and Director

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this press release other than purely historical information, historical
estimates should not be relied upon, including statements relating to the
Company's future plans and objectives or expected results, are forward-looking
statements. News release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. Forward-looking statements are based on numerous assumptions
and are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource exploration and
development. As a result, actual results may vary materially from those
described in the forward-looking statements.

For further information:

For further information: please contact Solitaire Minerals Corp. or

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