Riou Lake Being Flown by Fugro Airborne Surveys

Tuesday, November 01, 2005

Nov 1, 2005 -- Solitaire Minerals Corp. (the Company) is pleased to announce that Fugro Airborne Surveys will commence by week-end (weather permitting), a deep-penetrating, airborne electromagnetic (MegaTEM) survey, which will provide blanket coverage for the entire Riou Lake property. Due to several scheduling difficulties only a small portion of the previously announced survey was completed.

This survey is designed to map conductors beyond the coverage provided by the existing ground electromagnetic surveys. A magnetometer survey, flown as part of the MegaTEM survey package, will also greatly improve the resolution of the magnetic coverage on the project. The MegaTEM and magnetic data will aid in selecting areas for further ground geophysics follow-up. The deep-penetrating, airborne electromagnetic (MegaTEM) survey is anticipated to take 1-2 days to complete and the Company should begin to receive some of the data from the airborne survey shortly after.

The Riou Lake claims which total approximately 27,000 acres are adjacent to the Riou Lake Uranium project operated by UEX Corp. and west of JNR Resources Black Lake property claims which covers the western extension of the Riou Lake fault system. This part of the fault was the first staked claim in the area because of the surface expression of the fault. The escarpment is displaced 180 feet above the surface and extends along surface for 8 kms through the property. This escarpment is unique in the Athabasca Basin and could be an indication of major displacement of the Athabasca formations.

The regional gravity survey shows a gravity low coinciding with the escarpment. This gravity low may indicate an alteration zone within the sandstone and possibly also the basement. The airborne magnetic and VLF-EM surveys carried out over the Riou Lake Center property in 1996 indicate that the magnetic responses are deep and largely due to responses from metamorphic rocks. The VLF survey shows a weak response coincident with the east-southeasterly trending escarpment in the sandstone (Newson, N.R., 1997).

Solitaire Minerals Corp. anticipates announcing a further work program upon review of the airborne electromagnetic (MegaTEM) survey.

Mr. Jim Kermeen, M.Sc., P.Eng, is the Qualified Person on the Riou Lake properties.

Solitaire Minerals Corp., subject to regulatory approval, has granted to directors, officers,consultants and employees incentive stock options of the company to purchase in the total of 100,000 common shares in the capital stock of the company per the company's stock option plan for a period of two years at a price of 12 cents per share.

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, Saskatchewan, and Alberta. 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. The Company also has an option to earn 100% in the Lateral Lake West property located in the Webb township of Ontario. 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. The Company has also acquired the Riou Lake North and South properties in which the company has 100% interest. In Alberta, the Company has signed a letter of intent to purchase the Ravenscrag property.

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

On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.

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, historical estimates should not be relied upon,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.