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January 4, 2010: Solitaire Minerals Corp. (TSX-V symbol: SLT) (Solitaire) and Ashburton Ventures Inc. (TSX-V symbol: ABR) (Ashburton) are pleased to announce the mobilization of Kluane Drilling Ltd., from the Yukon Territory, to the Chukuni Property situated in the Red Lake Gold Camp, Ontario. In approximately two weeks, weather permitting, a 1,000 meter drill program will commence. Drill locations have been selected using the combined data from the Induced Polarization (IP) survey and the recently completed Mobile Metal Ion (MMI) soil survey. The target considered to be of the highest priority is an approximately 10 meter wide shear zone which has historically produced assays up to 16 g/t gold.
The 2009 summer exploration program on the Chukuni property involved an Induced Polarization (IP) survey with follow up field work and sampling of the accessible IP anomalies. Due to the lack of outcrop, MMI soil surveys were carried out over five of the six best IP anomalies. A strong IP response that is typical for gold mineralization was obtained over the northern contact of the Howey Bay Intrusive. Of the five sampled IP anomalies, three also returned weak to moderate gold responses.
"We are excited to be moving forward with our first drill program on the Chukuni property, especially with our primary target, the northern contact of the Howey Bay Intrusive where the strongest IP and geochemical anomalies are located." states Mike England, President of Ashburton.
The Chukuni property lies within the southern corridor of the Cochenour- Gullrock deformation zone and is of particular interest within the Red Lake Mining District as this zone hosts the well known Red Lake-Campbell Mine Complex. Goldcorp's Red Lake-Campbell Mine Complex, approximately 3.5 km to the north of the Chukuni property, and currently one of Canada's largest and richest Archean gold deposits. Goldcorp's Red Lake-Campbell Mine Complex produced 629,000 ounces of gold in 2008 (source: Goldcorp's website at the following link http://www.goldcorp.com/operations/red_lake_mine/.
Ashburton has an option agreement with Solitaire to acquire a 60% interest in the Chukuni Property consisting of 3 claims, covering 2,035 acres in the Red Lake Mining District of Ontario.
Mr. Andrew Tims, P.Geo will be operating as the qualified person under National Instrument 43-101. Mr. Andrew Tims has reviewed the technical content of this news release and confirms its accuracy. Mr. Andrew Tims is independent of Ashburton.
About Solitaire Minerals Corp. (TSX-V symbol: SLT) is a diversified Junior Canadian Mineral Exploration Company with a specific focus on precious and base metal properties in North and South America. The Company has assembled exploration projects in Ontario, Saskatchewan, the Northwest Territories, Quebec, British Columbia, and in southern Peru.
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.