Anglo Platinum Earns 51% Interest In Pedra Branca Project 

DENVER, CO - Solitario Exploration & Royalty Corp. reported that Anglo Platinum Ltd. has earned an additional 21% interest in Solitario's Pedra Branca platinum-palladium project in northeastern Brazil to bring its total interest in the project to 51%.

A 3,000 meter core drilling program is expected to begin at Pedra Branca by the end of September 2010. Drilling will focus on further defining known mineralization in the Cedro and Trapia areas and testing several new target areas north of the Curiu deposit and south of the Trapia prospects. These new targets have never been drill tested and represent potential new areas of mineralization. All work conducted at Pedra Branca during 2010 will be funded by Solitario's venture partner, Anglo Platinum Ltd., through the jointly held Brazilian subsidiary, Pedra Branca Mineraìïo ("PBM") that owns 100% of the Pedra Branca mineral concessions. Chris Herald, President and CEO, said, "We are very pleased with Anglo Platinum's decision to continue funding Pedra Branca, which we believe represents the most advanced pure platinum-palladium project in South America with over 300 holes drilled to date. The Pedra Branca project hosts eight separate deposits of shallow platinum-palladium mineralization. We continue to discover potential new areas of mineralization on our large 70,000-hectare property position. The company's address is 251 Kipling Street, Suite 390, Wheat Ridge, CO 80033, 303-534-1030, fax: 303-534-1809.