Solitaire Announces Acquisition Contiguous with GoldCorp

Thursday, January 23, 2003

Solitaire Minerals Corp. is pleased to announce the acquisition of 37 claim units totaling 1500 acres in Byshe Township in the prolific Red Lake Mining District. Two of the claims (#1244534 and #12445350) are contiguous with GoldCorp's (TSX:G, NYSE:GG) Red Lake Mine claim group, and lie approximately 800m south of the Headway property, in which the Company is earning a 50% interest from Kings Bay Gold (TSX.V:KBG).

The Company has the right to acquire a 100% interest in the properties by paying $72,000 to the property vendor, and issuing 160,000 shares in graduated installments over four years. In addition, the vendor will retain a 2% NSR, 1% of which can be purchased by the Company for $600,000.

"This acquisition solidifies our position as a leading junior exploration company with land positions contiguous with the GoldCorp claim group," said Charles Desjardins, president of Solitaire Minerals.

GoldCorp is mining a 3.8 million ounce deposit at Red Lake from what is currently the richest gold deposit in the world.

On Behalf of the Board of Directors,
SOLIATIRE MINERALS CORP.

Charles Desjardins
President/CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.