News Release

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Solitaire Minerals Corp. has Created a U.S.A Subsidiary and Negotiates for a Producing Metallurgical Coal Mine

June 2, 2010: Solitaire Minerals Corp. (Solitaire) (TSX-V symbol: SLT) has successfully created a U.S.A Subsidiary for the primary goal of becoming a producer of metallurgical grade coal in Kentucky. Metallurgical grade coal is used in steel production and is currently in very high demand worldwide.

Solitaire continues to negotiate for coal leases with near and long term production potential. Currently the most significant negotiation involves the potential purchase of an operating mining permit currently producing metallurgical grade coal in Kentucky. This project was also selected for the development potential on the adjacent coal leases. If successful, Solitaire would become the operator of the metallurgical coal mine once the permit transfer process is complete, which on average takes approximately one month for completion.

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. In addition, the Company intends to acquire Metallurgical coal leases.

For additional information please contact Solitaire Minerals Corp. or visit http://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.