Drilling Intercepts Apparent Native Copper

TORONTO, ON - Soltoro Ltd. and Southern Silver Exploration Corp. reported progress today in early drill testing of the Altavista and Texcalame prospects located in the northern portion of the Quila concession in Jalisco, Mexico. The Quila concession, which is currently under option from Soltoro to Southern, makes up a portion of the 322 sq km Minas de Ameca Project which has been the focus of Southern's exploration efforts in Mexico for the past two years.
To date, 1,020 metres of core drilling in five holes has been completed at the Altavista prospect. An additional hole is partially drilled at the Texcalame prospect and will be completed once the drill crews return from break in mid-July. Sampling of the core is continuing and assays are pending. Visual analysis indicate the presence of narrow intervals of apparent native copper in the first hole.
Gold and copper mineralization is widely distributed throughout a 20 sq kilometre area in the northern portion of the Quila claim where up to 3.8 metres of 7.12 g/t gold with strongly anomalous copper and silver values were returned from channel, chip and grab sampling. To date, two major accumulations of mineralization have been identified.
The Texcalame prospect is a gravel covered northwest-trending structural zone, up to 200 metres wide, which can be traced in grab and soil samples for over 1 kilometre of strike-length. To date, the zone has been tested by only a single 160 metre drill hole which ended in visible copper mineralization prior to a drilling break. Upon resumption of the program the current hole will be extended followed by additional drilling.
Southern Silver continues to develop targets within the 322 sq kilometres Minas de Ameca project through reconnaissance and detailed-scale mapping and sampling. More aggressive drill testing of these targets is anticipated in the fourth quarter of 2008, following the cessation of the rainy season.
The companies address is 20 Adelaide Street East, Suite 400, Toronto, ON M5C 2T6, (416) 987-0722, fax: (866)688-4671, email: [email protected].