News Release

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Solitaire Minerals Corp. Closes Private Placement

May 15, 2009: Solitaire Minerals Corp. (TSX-V symbol: SLT) (the "Company") would like to announce that the non-brokered private placement announced on April 24, 2009 has closed. The Company raised $490,000 at a price of $0.07 per share.

A total of 1,580,000 units were issued as flow-through units consisting of one common share and one-half of one non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional common share of the company at a price of 10 cents per share for the first year and 12 cents until expiration the following year.

A total of 5,420,000 units were issued as non-flow-through units consisting of one common share and one non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional common share of the company at a price of 10 cents per share for the first year and 12 cents until expiration the following year.

A total of 6,210,000 warrants were issued. One warrant will entitle the holder to purchase one additional common share of the company at a price of 10 cents per share for the first year, and 12 cents until expiration the following year.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring September 15, 2009. 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: Kerry Chow 300,000 flow-through shares and 50,000 non-flow-through shares; Ivano Veschini 100,000 non-flow-through shares.

Finders' fees: PI Financial Corp. receives $24,500 and 350,000 share purchase warrants, where each warrant is exercisable at a price of 10 cents in the first year and at a price of 12 cents per share in the second year. Bolder Investment Partners Ltd. receives $5,950 and 85,000 share purchase warrants, where each warrant is exercisable at a price of 10 cents in the first year and at a price of 12 cents per share in the second year.

About Solitaire Minerals Corp. Solitaire Minerals Corp. ("Solitaire") (TSX-V symbol: SLT). Solitaire 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, and the North West Territories. Solitaire's Red Lake, Ontario properties include the Baird and Chukuni projects, in which the Company has earned 100% interest. In addition, the Solitaire has entered into an option agreement with Rubicon Minerals Corp. (TSX-V symbol: RMX), whereby the Solitaire may earn up to a 55% interest in Red Lake North property. Also in Ontario, Solitaire has an option to earn 100% in the Lateral Lake property. In Saskatchewan, the Company has acquired a 90% interest in the Riou Lake Property (Central), and a 100% interest in Riou Lake North and South located in the Athabasca Basin. In the North West Territories, the Company has purchased the Mystery Island IOCG Property, and the Eldorado Property located in the Great Bear Lake area in which the Company has 100% interest.

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"

Charles Desjardins,
President and Director

"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."

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.