Solitaire Minerals Closes Private Placement

Tuesday, April 08, 2003

April 3, 2003 Solitaire Minerals Corp. (the “Company”) is pleased to announce that it has closed a private placement of 500,000 Flow-Through Units at a price of $0.10 per unit for total proceeds of $50,000. Each Flow-Through Unit consists of one flow-through common share and one non-transferable share purchase warrant exercisable into one non flow-through common share at a price of $0.15 per share until April 4, 2004.

The Company paid the finders’ fees of $2,500 to RBC Dominion Securities Inc. (being 10% of the units placed by RBC Dominion Securities Inc.) and 20,000 common shares to Jens Biertumpel (being 10% of the units placed by Jens Biertumpel).

The shares and shares issued on the exercise of any warrants will be subject to a hold period that will expire on August 4, 2003.

Furthermore, the company announces that it has granted, Director /Officer/ Consultant/ Employee incentive stock options of the company to purchase in the aggregate 320,000 common shares in the capital stock of the Company per the Company’s Stock Option Plan. The additional options are exercisable on or before April 3, 2005 at price of $0.10 per common share.

On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.

“Charles Desjardins”

Charles Desjardins President and Director

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