Share Structure: (As of March 31, 2010)

NYSE Amex:
XPL

Toronto Stock Exchange:
SLR

Issued and Outstanding:
29,750,242

Options:

2,584,000
Fully Diluted:
32,334,242

Solitario Exploration & Royalty Corp.
4251 Kipling Street, Suite 390; Wheat Ridge, CO 80033 | Tel: 303-534-1030; Fax: 303-534-1809