To: SAM-DAN who wrote (10678 ) 12/31/2002 3:48:27 PM From: Al Collard Respond to of 11802 SLT-v ...in the news:Solitaire to raise $88,700 after quitting financing Tue 31 Dec 2002 News Release Mr. Charles Desjardins reports SOLITAIRE PRIVATE PLACEMENT AND BOARD APPOINTMENT Solitaire Minerals has cancelled the private placement reported in Stockwatch on Sept. 27, 2002. Solitaire plans to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement of up to 887,000 units of the company at a price of 10 cents per unit. Of the 887,000 units offered, up to 682,000 units will be issued on a flow-through basis at a price of 10 cents per unit. Each flow-through unit will consist of one flow-through common share and one non-transferable share purchase warrant entitling the holder to purchase one non-flow-through common share of the company at a price of 15 cents per share for a one-year period from the date of issuance. The 205,000 non-flow-through units offered will be issued at a price of 10 cents per unit. Each non-flow-through unit will consist of one non-flow-through common share and one non-transferable share purchase warrant, exercisable at a price of 15 cents per share for a one-year period from the date of issuance. The proceeds of the private placement will be used for mineral property acquisitions with gold as the target mineral, general working capital and to pay current payables. A finder's fee may be payable in accordance with the policies of the TSX-V. The company has welcomed Wayne Shay to the board of directors of Solitaire Minerals. Mr. Shay has over 25 years experience in real estate development and business operations throughout Eastern Canada. Harvey Dickson will be resigning from the board of directors of the company. The board would like to thank Mr. Dickson for his efforts. Furthermore, the company has granted, subject to all necessary regulatory and shareholder approvals, director/officer/employee incentive stock options of the company to purchase a total of 300,000 common shares in the capital stock of the company. The options are exercisable on or before Dec. 31, 2004, at a price of 10 cents per common share.