November 4, 2004: Solitaire Minerals Corp. (the Company) is pleased to announce the following drilling update on the Company's 100% optioned Union Mine Property, located near Grand Forks, British Columbia.

To date, 3 diamond drill holes, totalling 734 meters (2400 feet), have been completed on the Union Mine property. All of this drilling has been at the West Union target, in an attempt to locate the western faulted offset of the Union Vein, west of the Maple Leaf fault and beneath post-mineral sedimentary cover. Drilling in this area is hindered by the very steep topography, which physically limits where the drill can be set up.

Hole 04-1 was collared at the southern-most drill site and was drilled due north. The hole intersected 96 meters of unmineralized post-mineral sediments (a vertical thickness of approximately 74 metres) before passing through a major unconformity into Franklin Group volcanics and sediments (the prospective host rocks for the Union vein). The hole had to be abandoned just below the unconformity, before testing its target area, due to severe drilling problems resulting from poor ground conditions associated with the unconformity.

Hole 04-2 was collared approximately 270 meters to the northeast of hole 04-1, and was angled back towards the hole 04-1 site to test the prospective ground that hole 04-1 failed to test. Hole 04-2 successfully penetrated the unconformity between the post-mineral sediments and the prospective Franklin host rocks at a depth of approximately 121 meters in the hole. The hole was drilled for a further 149 meters through Franklin volcanics and sediments, to a total depth of 270 meters.

Hole 04-3 was then drilled to test for the Union vein, north of the section tested by Hole 04-2. After successfully drilling through the unconformity at a depth of 125 meters in the drill hole, hole 04-3 intersected a thick sequence of Franklin volcanics and sediments. A zone of intense silicification/veining was intersected from 255.12 - 257.62 meters in the drill hole. This zone is sparsely mineralized with pyrite and is visually similar to portions of the Union vein exposed in old workings east of the Maple Leaf fault. The drill hole was drilled to a depth of 361 meters.

Drill hole 04-4, which is currently underway, will attempt to test the silicified zone encountered in hole 04-3 at a point approximately 65 meters higher in elevation.

Charles Desjardins, President of Solitaire Minerals Corp. states "The search for the faulted off extension of the Union vein, which has spanned for over 7 decades, I believe is coming to an end. Drill hole 04-4 may confirm our exploration objective."

Historically, this vein produced a total of 122,555 tonnes at an average grade of 14 g/t Au and 353 g/t Ag, over a width of 1.5 to 7.5 meters, over a cumulate strike length of about 410 meters, and over a vertical range of about 160 meters.

The drill cores are being logged, split and sent for assaying to Eco Tech Laboratory of Kamloops, BC. Results of these initial drill holes are expected in the coming weeks. On receipt of the assays for this first stage drill program, the Company will evaluate the results in order to adequately plan the next phase of exploration.

This program is under the supervision of independent consulting geologist Linda Caron, M.Sc., P.Eng, a qualified person as defined by National Instrument 43-101.

The Union Mine Property. The Union Mine Property consists of approximately 1,500 acres located in the Franklin Mining Camp, roughly 60 kms north of Grand Forks. The regional area of this part of the province is locally referred to as the Boundary district and encompasses the Rossland Camp on the east (produced over 3,500,000 oz of silver and over 2,700,000 oz of gold), the Republic area on the south, Buckhorn Mountain on the west and the Union Mine to the north. The Boundary District has a number of historical production areas and several current unmined reserves, including Buckhorn Mountain and Emanuel Creek (in production since December 2003). The Union Mine property is accessible via good quality all-weather road, and contains extensive underground workings. Historical production from a series of ore bearing veins was carried out between 1913 and 1989, with the majority of production occurring prior to 1942.

The above data is referenced in the 2004 technical and recommendations report on the Union Property, written by Linda Caron, M.Sc., P.Eng. The report is compliant with National Instrument 43-101. To view the report in its entirety please visit www.sedar.com

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 and a 90% interest in the Riou Lake Property located 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.




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