Winter Drill Program to Commence at Humlin Property, Red Lake, Ontario

Monday, January 29, 2007

January 29, 2007: Solitaire Minerals Corp. (TSX-V symbol: SLT) (the Company) announces that drilling will commence at the Humlin property in Red Lake, Ontario. The minimum 1500m winter drill program will be funded by Solitaire Minerals Corporation and will target an area in the southeastern part of the property, within Balmer assemblage, volcanic rocks. The Humlin property covers approximately five kilometres of a mafic/ultramafic contact, the known gold-bearing Balmer stratigraphy in the core of the Red Lake Greenstone Belt. Please refer to the following link: http://www.solitaireminerals.com/img/exploration/humlin_fig1.jpg. The majority of the current and historic gold producers in the Red Lake Camp are located within the Balmer mafic/ultramafic stratigraphy in close proximity to the regional unconformity.

The drill targets are located at the contact between mafic and ultramafic rocks, along the St. Paul's Bay Deformation Zone. The deformation zone is parallel to the main Mine Trend that hosts both the Campbell and Red Lake Mines and contains significant gold occurrences and past gold producers, situated both east-southeast and west-northwest of the Humlin project. Please refer to the following link: http://www.solitaireminerals.com/img/exploration/humlin_fig2.jpg.

Drilling at Sidace Lake with partner Rubicon Minerals Corporation has been suspended due to time sensitivity of the winter programs and mechanical limitations of the current drill rig. The drill rig will now move to ice based drilling at the Humlin project. This project is currently under option from Rubicon. The Sidace drill program will be resumed as soon as practicable following the end of winter drilling.

Terry Bursey, P.Geo, is the Qualified Person on the Red Lake North property and the Humlin property.

About Solitaire Minerals Corp. Solitaire Minerals Corp. (TSX-V symbol: SLT) 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, Alberta, and the North West Territories. 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 purchased the Ravenscrag property in which the Company has 100% interest. In the North West Territories, the Company has purchased the Mystery Island IOCG Property located in the Great Bear Lake area in which the Company has 100% interest.

For additional information please 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, 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. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. 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.