Following up on extensive surface and MAG survey work which identified several prominent and historically untested geophysical structures, King's Bay Gold (the operator) has commenced a minimum 1,000-metre drill program on the Headway property, Red Lake, Ontario.

The claim group is located in Balmer and Dome townships approximately 1,200 metres southwest of the high-grade zone and directly adjacent to the Red Lake mine of Goldcorp Inc. The drill program, which is to commence the week of June 16th, is designed to test the quartz-feldspar-porphyry dikes (QFP) identified on surface. This area contains high-grade gold occurrences, including 2.74 oz/ton gold over 2.0 ft and 0.61 oz/ton gold over 3.08 ft in drill core (H-13), surface chip samples of up to 1.35 oz/ton gold over 6.6 ft, 14.16 oz/ton over 1.0 ft and several surface grab samples exceeding 1 oz/ton gold. Gold is developed within quartz-carbonate +/- tourmaline +/- arsenopyrite veins associated with these quartz-feldspar porphyry dykes that intrude altered and sheared mafic volcanics and have been subject to only limited diamond drilling.

Richard Rivet, president and chief executive officer of King's Bay Gold, said: "We are looking forward to carrying out what appears to be the first systematic exploration of the potential of known mineralization in this phase I drilling program. If results are encouraging, we anticipate additional diamond drilling will be undertaken on this project.”

About Red Lake
The Red Lake gold camp of Ontario hosts two high-grade, world-class gold mines (Placer Dome's Campbell mine and GoldGorp's Red Lake mine). Goldcorp's Red Lake mine is one of the world's highest-grade gold mines. The Campbell-Red Lake orebodies contain 23 million ounces at an average grade of 0.66 ounce per ton gold (past production and reserves).

Headway Property: The agreement to earn up to a 50% interest in this property with Kings Bay Gold Corp. is currently under review. The Company announces that the news release issued May 6, 2003 by King's Bay Gold Corp. which professes to limit the Company's interest in the property is under dispute. To date, the Company has requested, yet been unable to obtain from King's Bay, any material accounting for expenditures on the property as funded by Solitaire. Solitaire also informs its shareholders that its interest in this property will be vigorously defended.

About Solitaire Minerals Corp.

Solitaire Minerals Corp. is a Canadian mineral exploration company with a specific focus on prospective gold properties in North America. The Company has assembled a portfolio of precious metal exploration prospects in Ontario. Solitaire's Ontario properties in the prolific Red Lake/Birch-Uchi Greenstone Belt include the Headway, and the Garnet Lake prospect, in which Solitaire can earn up to a 50% interest through King's Bay Gold Corp. The Company also has the South Baird, Golden Pickle, and Chukuni River Prospects, which are held 100% by Solitaire. Each of these properties exhibits excellent potential for hosting high-grade gold deposits and are located within the world class Red Lake, Ontario area.

For additional information you can contact Solitaire Minerals Corp. at 604-683-5445 or visit the Web site at http://www.solitaireminerals.com.

On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.

"Charles Desjardins”

Charles Desjardins
President and Director

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