News Release

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Solitaire Minerals Corp. Announces 5 for 1 Share Consolidation and Repricing of Options

March 9, 2009 : Solitaire Minerals Corp. (TSX-V: SLT) announces that at its extraordinary general meeting held on February 27, 2009 (the "Meeting"), shareholders approved, by special resolution, a consolidation of the Company's common shares on the basis of one (1) post-consolidated share for every five (5) pre-consolidated shares (the "Consolidation"). As of the Meeting, the Company had 114,854,750 issued and outstanding common shares. Following the Consolidation, the Company will have approximately 22,970,950 shares outstanding. No fractional shares will be issued, but will instead be rounded as provided for in the Business Corporations Act (British Columbia).

The TSX Venture Exchange has approved the Consolidation and commencing March 10, 2009, the Company's common shares will trade on a post-consolidation basis. The Company's trading symbol will remain as SLT. Shareholders will receive a letter of transmittal from Computershare Investor Services Inc., the Company's transfer agent, with instructions for exchanging their pre-consolidation shares.

The Company also announces that it is repricing certain stock options granted to insiders as described in its information circular for the Meeting available at www.sedar.com, and as approved by disinterested shareholders at the Meeting, as required by Exchange policies. The re-pricing will take place immediately following the Consolidation and therefore be priced on a post-consolidated basis, such that all option exercises are re-priced to $0.14.

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 NEWS 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.