Download 1788 – 650 West Georgia Street Vancouver, B.C. V6B 4N8 Tel: (604

1788 – 650 West Georgia Street
Vancouver, B.C. V6B 4N8
Tel: (604) 683-5445
Toll free: (866) 683-5445
Fax: (604) 687-9631
www.solitaireminerals.com
[email protected]
Solitaire Minerals Corp. Announces Drilling Results and Additional Ground Work
to come for the South Baird Program in Red Lake, Ontario
April 12, 2006: Solitaire Minerals Corp. (TSX-V symbol: SLT) (the "Company") and United Bolero
Development Corp.(TSX-V symbol: UNB) are pleased to announce the completion of a 1093 meter (10
hole) diamond drill hole program on the South Baird Property in the Red Lake greenstone belt.
Part of the program tested the western projection of the New Faulkenham Shaft structure. This 8 hole
north to south trending fence of holes evaluated the potential of the offset of the structure interpreted in
the geophysics. The result was the intersection of a similar geological setting to the New Faulkenham
Shaft structure almost directly west. Diamond drill hole SB-06-03 intersected 0.302 g/t gold over 6
meters from 43.00 to 49.00 meters in a sheared granodiorite, and 0.455 g/t gold over 2.5 meters from
80.50 to 83.00 meters in an altered and sheared mafic volcanic. These results and their locations suggest
that the New Faulkenham structure is not offset, or is not offset significantly.
An additional two holes explored the extension of an electromagnetic anomaly. Selco Mining, in 1976,
completed two diamond drill holes on this target. Hole 220-1-1 intersected a sulfide zone that assayed
0.984% Cu over 10.5 feet including 2.08% copper, 0.075 oz gold per ton, 0.09 oz silver per ton, and
0.01% zinc over 3.5 feet. Hole 220-2-2, drilled below 220-1-1, was reported to intersect similar
mineralization, but since the values indicated were “not of economic character” no further work was
completed (Ministry of Northern Development and Mines, Assessement Files). Diamond drill holes SB06-09 + SB-06-10 were drilled 50 and 100 meters, respectively, east of the Selco holes. The holes
successfully intersected pyrrhotite, pyrite and chalcopyrite mineralization in biotitic mafic volcanics,
which is similar to the mineralization intersected by Selco. The best intersection was from hole SB-0609, which returned assays of 0.263 g/t Au and 0.313% Cu over 10.32 m from 36.00-46.32 meters,
including 1.429 g/t Au and 1.36% Cu over 1.52m in a feldspar porphyry dyke from 44.80 – 46.32
meters. The best intersection in hole SB-06-10 was 0.292 g/t Au and 0.375% Cu from 78.70 – 80.20
meters.
Additional exploration comprised of prospecting and sampling will commence in the near future on the
South Baird Property on the recommendation of Mr. Gary Clark. Recent logging has improved access
and outcrop exposure. The principal targets are the New Faulkenham Shaft structure to the west, the
areas around the Selco intercepts and other reported veins on the property.
Mr. Garry Clark, P.Geo, is the Qualified Person on the south Baird property.
Riou Lake Update
Condor Consulting Ltd., recognized experts in the field of airborne electromagnetics have indicated that
their analysis is expected to be completed within 10 days. Condor Consulting Ltd. have been retained to
perform a detailed interpretation of results and final conclusions regarding the significance of the
survey.
J.S.Kermeen, M.Sc.,P.Eng. is the qualified person for the Riou Lake properties.
Chukuni Update
The Company expects to begin its drill program next week on the Chukuni property.
Mr. Garry Clark, P.Geo, is the Qualified Person on the Chukuni property.
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, Alberta, and the North West Territories (NWT). Solitaire's Ontario
properties in the Red Lake/Birch-Uchi Greenstone Belt include the Baird, Heyson, Chukuni, and Faulkenham Lake
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
acquired 100% interest in the 150,000 acre Ravenscrag property. In the NWT the Company has acquired 100% interest in the
Mystery Island Property in the Great Bear Lake Region.
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,
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. 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.