Solitaire completes formal Purchase Agreement on Highrock Lake Uranium Property in Athabasca Basin

Thursday, October 21, 2004

October 21, 2004: Solitaire Minerals Corp. (the Company) is pleased to announce the completion of a formal Purchase Agreement with Seagrove Capital Corp. to acquire a 100% interest in 3,117 hectares (approximately 7,700 acres) of prospective uranium claims located south west of Key Lake in northern Saskatchewan.

The Highrock Lake Property consist of approximately 3,117 hectares (approximately 7,700 acres) located in northern Saskatchewan south west of the past producing Key Lake Mine. The area to the west has been recently staked by International Uranium Company. Please view map at http://www.solitaireminerals.com/gold/IR/downloads.asp

The Athabasca basin hosts several major uranium deposits including Cigar Lake and McArthur River, two of the highest-grade uranium deposits in the world. It is the most productive uranium producing region globally, accounting for approximately one third of the world's supply in 2003 (Cameco 2003).

The Company is presently in discussions with various potential joint-venture candidates for the Highrock Lake property.

In addition, Solitaire is evaluating other potential uranium prospects within and outside the Athabasca Basin.

The Purchase Agreement is subject to TSX Venture Exchange approval.

About Solitaire Minerals Corp. Solitaire Minerals Corp. is a diversified junior Canadian mineral exploration company with a specific focus on mineral properties in North America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, British Columbia and Saskatchewan. Solitaire's Ontario properties in the Red Lake/Birch-Uchi Greenstone Belt include the Baird, Heyson and Chukuni River Prospects, in which the Company has agreements to earn 100% in, but has not yet vested its interest. In addition, the Company has entered into an option agreement with another company, whereby that company may earn up to a 50% interest in the Baird Property. In British Columbia, the Company has an agreement to earn 100% interest in the Union Mine Property, but has not yet vested its interest. In Saskatchewan, the Company has signed a purchase agreement to acquire a 100% interest in the Highrock Lake property in the Athabasca Basin.

For additional information you can contact Solitaire Minerals Corp. or visit www.solitaireminerals.com.

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. Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.