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Solitario Resources To Begin Trading On The American Stock Exchange
August 2, 2006

Denver, Colorado: Solitario Resources Corporation (TSX: SLR) is pleased to announce that it has received approval and will list its common shares on the American Stock Exchange (“AMEX”). Trading on the AMEX will begin on Friday, August 11, 2006, under the ticker XPL. Representatives of Solitario will be on the floor of the exchange on August 11, 2006 to ring the bell to open trading.

The Company’s common stock will also continue to trade on the Toronto Stock Exchange (“TSX”) under the symbol SLR.

Christopher E. Herald, President and CEO, commented, “Listing on the AMEX is an important milestone for Solitario as it is an excellent opportunity to enhance the liquidity of our common shares as well as raise the profile of Solitario in the U.S. capital markets. As Solitario’s primary growth strategy is through exploration, we felt the symbol XPL represented the Company well.”

Solitario is a gold, silver, platinum-palladium, and base metal exploration company actively exploring in Brazil, Mexico and Peru.

Debbie W. Mino
Director-Investor Relations
(800) 229-6827
Christopher E. Herald
President & CEO
(303) 534-1030

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Solitario, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Development of Solitario’s properties are subject to the success of exploration, completion and implementation of an economically viable mining plan, obtaining the necessary permits and approvals from various regulatory authorities, compliance with operating parameters established by such authorities and political risks such as higher tax and royalty rates, foreign ownership controls and our ability to finance in countries that may become politically unstable. Important factors that could cause actual results to differ materially from Solitario’s expectations are disclosed under the heading "Risk Factors" and elsewhere in Solitario’s documents filed from time to time with Canadian Securities Commissions, the United States Securities and Exchange Commission and other regulatory authorities.

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Solitario Resources Corporation
4251 Kipling Street, Suite 390; Wheat Ridge, CO 80033 | Tel: 303-534-1030; Fax: 303-534-1809
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