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To: Goose94 who wrote (33777)	4/27/2018 8:37:37 AM
From: Goose94	Read Replies (1) \| Respond to of 203397

Solitario Zinc (SLR-T) Receives $500,000 for its Non-Producing Yanacocha Royalty Apr 27, '18 - NR Solitario Zinc is pleased to announce that it has sold, through its wholly owned subsidiary Minera Solitario Perú S.A.C., its non-producing Yanacocha royalty to Minera Los Tapados S.A., a wholly owned subsidiary of Newmont (“Newmont”) (NYSE: NEM) for approximately US$501,500 in cash. The Yanacocha royalty covered 43 concessions totaling 36,052 hectares(the “Yanacocha Royalty”). Newmont owns the underlying mineral concessions and intends to terminate the Yanacocha Royalty. None of the concessions covered by the Yanacocha Royalty have any reported reserves or resources. Solitario received a Term Sheet from a third-party to purchase the Yanacocha Royalty as part of discussions concerning the potential sale of Solitario’s entire portfolio of royalty properties. Newmont had a 30-day Right of First Refusal (“ROFR”) to match any third-party offer to purchase the Yanacocha Royalty from Solitario. Newmont exercised its ROFR rights and the transaction closed on April 26, 2018. Solitario’s Other Royalty Properties Solitario also owns three other royalty properties in the Americas (see table below). These include the poly-metallic Pedra Branca platinum-palladium-nickel-chrome project in Brazil. The Pedra Branca project hosts a significant open-pitable resource that is in the feasibility stage of development by Jangada Mines. Chris Herald, President and CEO of Solitario, commented, “Our royalty properties are non-core assets of Solitario. Selling the Yanacocha royalty to Newmont allowed us to monetize this royalty and use the proceeds to advance other ongoing initiatives. These initiatives include the acquisition of quality base and precious metal properties, with an emphasis on zinc.” About Solitario Solitario is an emerging zinc exploration and development company traded on the NYSE American (“XPL”) and on the Toronto Stock Exchange (“SLR”). Solitario holds 50% joint venture interest in the high-grade, open-pitable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario also holds a 7.6% equity interest in Vendetta Mining. Solitario’s Management and Directors hold approximately 9.2% (excluding options) of the Company’s 58.4 million shares outstanding. Solitario’s cash balance and marketable securities stand at approximately US$14.3 million. Additional information about Solitario is available online at www.solitariozinc.com FOR MORE INFORMATION AT SOLITARIO, CONTACT: Solitario Christopher E. Herald, 303-534-1030, Ext. 14 President & CEO or Debbie Mino-Austin, 800-229-6827 Director – Investor Relations