Solitario Exploration & Royalty (AMEX: XPL; TSX: SLR) has established itself as one of the leading Latin American exploration companies by pioneering mineral exploration in emerging new geologic terrains, building major new land positions and creating Net Profit Interest ("NPI") Royalty structured joint ventures with global mining companies. With 15 professional geologists actively engaged in a deep pipeline of exploration projects in Mexico, Peru and Brazil, Solitario is particularly well positioned to continue delivering value to its shareholders.

Solitario is totally focused on exploration, entrusting the development and mining of its properties to global operating partners. With this focus, Solitario maintains its ability to make major discoveries while keeping its financial risk and shareholder dilution low through NPI Royalty structured joint ventures.

2008 is shaping up to be the most exciting year in Solitario's history with over 30,000 meters of planned drilling on seven different projects. Couple this with our partners' financing approximately 65% of exploration costs and our $24 million in cash and securities with no debt, Solitario makes a solid investment for the future.