Share Structure

(As of March 1, 2012)

NYSE Amex:

XPL

Toronto Stock Exchange:

SLR

Issued and Outstanding:

34,229,958

Options:

2,433,400

Fully Diluted:

36,663,358


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