Solitaire to commence Aero-mag Survey on South Baird and Heyson Properties in Red Lake, Ontario

Tuesday, November 16, 2004

November 16, 2004: Solitaire Minerals Corp. (the Company) is pleased to announce the contracting of Terraquest Ltd. of Toronto, Ontario to conduct an aero-mag survey on their South Baird and Heyson Properties in Red Lake, Ontario.

The work program, which is anticipated to begin in the first week of December, will entail a 118 Lkm airborne geophysical survey with qualitative interpretation by Dr. Allan Spector of Allan Spector & Associates Ltd, of Toronto, Ontario.

South Baird Property: The Baird claims comprise approximately 1410 acres in the Baird Township, 8 kilometers southwest of the Town of Red Lake. The property adjoins the Starratt-Olsen and Madsen mine properties held jointly by Claude Resources and Placer Dome. United Bolero Development Corp. holds an option to earn a 50% interest on the property.

Heyson Property: The Heyson claims consist of two unpatented claims units totalling 1,000 acres in the Heyson Township in the Red Lake Mining District. The property is situated approximately two kilometers northeast of the Company's South Baird property.

Union Mine Update Drilling of hole 04-7 on the Union Mine Property is presently underway and the Company is still awaiting assay results. The Union Mine 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.

Athabasca Basin Properties Mr. Jim Kermeen, M.Sc., P.Eng, the Company’s Uranium advisor, is presently in Saskatchewan doing background data collection that will allow us to plan our up coming uranium exploration programs .

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 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.