Solitaire Signs Letter of Intent to Option Baird PropertyMonday, November 03, 2003 November 3, 2003 Solitaire Minerals Corp. (“Solitaire”) is pleased to announce the signing of a letter of intent with United Bolero Development Corp. (“United”) whereby United can earn up to a 50% interest in Solitaire’s Baird property, located at Red Lake, Ontario, from Solitaire.
The terms of the agreement shall include the right of United to earn up to a 50% interest in the Baird property by paying to Solitaire $60,000 and 150,000 shares of United, plus spending a total of $500,000 on the property within three years. It is anticipated that a formal agreement will be signed within 30 days.
Management of Solitaire are excited to be joined by United Bolero in exploring the Baird property. The Baird property lies south of, and adjoining, the large Claude Resources / Placer Dome property which contains the past producing Madsen, and Starratt-Olsen Mines, and is currently the subject of extensive exploration activity by Placer Dome.
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 and British Columbia. Solitaire's Ontario properties in the prolific Red Lake/Birch-Uchi Greenstone Belt include the 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 is 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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