July 23, 2007: Solitaire Minerals Corp. (TSX-V: SLT) (the Company) has identified drill targets on its Mystery Island uranium-copper-gold property at Port Radium, on Great Bear Lake in the Northwest Territories. Condor Consulting, Inc. of Lakewood, Colorado has provided an interpretation of the airborne VTEM survey carried out over the property which identifies these targets. The Company is beginning the permitting process to begin drilling all of the targets. Other companies in the area plan to spend more than $20,000,000 in the 2007 exploration season.

The Olympic Dam or IOCG model is proposed as the main exploration target on Solitaire's properties in this part of the Great Bear magmatic zone. These polymetallic targets have the potential to host billions of tons of copper, gold and uranium mineralization (Olympic Dam type). The Olympic Dam deposit at Roxby Downs in the Gawler craton of southwest Australia consists of dike-like, hematite-rich diatreme breccias in granite and felsic volcanics and has a reported resource of 2.32 billion tonnes of 1.6 per cent copper, 0.5 gram per tonne gold, 3.5 grams per tonne silver and 0.4 kilogram per tonne uranium oxide (U3O8).

Condor Consulting identified 15 targets with the potential to be caused by IOCG mineralization. There was one Priority 1 target, nine Priority 2 targets and five Priority 3 targets. Based on IOCG Models, targets are expected to be conductive and spatially associated with strong magnetic anomalies.

The Priority 1 target is located between Cobalt Island and Labine Point at Port Radium. The conductors are between the Number 1 and Number 3 Veins, from which the Eldorado Nuclear/Uranium Mine produced 15 million pounds of U3O8 and 8 million ounces of silver between 1930 and 1960. It is speculated that the conductors in this target are coincident with a zone where a number of faults intersect.

The Great Bear Lake area contains three historic mining camps, which are in close proximity and are geologically connected. These are the Port Radium, the Contact Lake and the Terra camps. The formerly producing mines in these camps produced intermittently from 1930 until 1985 over 48 million ounces silver, 15 million pounds of U3O8 and 7,000 tons of copper (Strand, 1996).

Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.

Related Information:
→Mystery Island VTEM 30 Hz Survey Total Magnetic Intensity (PDF:5.69 MB)
→Mystery Island VTEM 30 Hz Survey Digital Terrain Model (PDF:2.35 MB)

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 75% 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. Also in the NWT, the Company acquired the Eldorado 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.




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