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Solitario Exploration & Royalty (NYSE Amex: XPL; TSX: SLR) is on track to becoming the newest U.S. gold producer with its feasibility stage Mt.Hamilton gold project in Nevada.  Mt. Hamilton not only has demonstrated robust economics but also significant upside potential to add new resources. Solitario currently anticipates completing a feasibility study in late January 2012. The feasibility study is being managed by SRK Consulting, a highly qualified full-range mining engineering firm.

Historically, Solitario has established itself as one of the leading Latin American exploration companies by pioneering mineral exploration in emerging new geologic terrains and building major new land positions. From our success in the exploration arena, we have created an outstanding portfolio of Net Profit Interest Royalty structured joint ventures on advanced mineral projects with partners such as Votorantim Metais, Anglo Platinum and Newmont Mining, all major international mining companies. With this business strategy we greatly reduce financial risk and minimize shareholder dilution, while continuing to build a deep pipeline of exploration projects in Peru, Mexico, Brazil, and Nevada.

Advanced Projects
• Mt. Hamilton: Gold Project, USA
• Bongará: Zinc-Lead-Silver, Peru
• Pedra Branca: Platinum-Palladium, Brazil

Gold-Silver Exploration Projects
• Pachuca Real: Silver-Gold, Mexico
• Cerro Azul: Gold-Silver, Peru

Base Metal & Polymetallic Exploration Projects
• Chambara: Zinc-Lead-Silver, Peru
• La Promesa: Silver-Zinc-Lead-Indium, Peru

Royalty Properties
• Yanacocha: Gold-Silver-Copper, Peru
• Mercurio: Gold, Brazil

Joint Ventures
• Anglo Platinum: world’s largest platinum producer
• Newmont: world's 2nd largest gold producer
• Votorantim Metais: world's 3rd largest zinc producer