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American Company Spotlight

 

Soltera Mining Corp. Website: Click Here

Information As Of April 16, 2008

Exchange: OTCBB Market Cap: 35.2 Million
Outstanding Shares: 66.5 Million 52 Low / High: $0.37 / $0.65

Price April 16, 2008: $0.53

SLTA Recent Stock Quote and News: Click Here

'Due to the massive scale, and proven reserves of Soltera's properties, SLTA qualifies as a prime candidate to possibly be bought out by one of the majors. The fact that their properties geographically lie adjacent to some of the world's richest mining companies, makes them a prime candidate for a major buyout.'


Overview

Soltera Mining Corp. is an aggressive exploration company concentrating on carefully selected gold and base metal properties in Argentina, Mexico and Canada. All exploration projects are run personally by Soltera's President, Dr. Fabio Montanari. Living in Argentina with frequent visits to Mexico, Dr. Montanari has a hands-on approach to operations. He is supported by an administrative office in Canada. The Company's objective is to have the El Torno gold project ready to start feasibility studies by the end of 2008.


Investment Highlights

  • Major gold exploration project in Argentina with large-scale potential for both underground and open-pit mining, with fast-tracked feasibility study potentially by year-end.
  • Recently added two past-producing gold properties in Mexico with potential for more than 1 million oz gold centered on old mines.
  • Copper-gold project in Argentina with previous (non-43-101 compliant) resource estimate of 50-60 Million tons at 1% Cu.
  • The (Argentinean) government estimates that the upcoming decade will see US$5 – 7 billion spent on two dozen mining projects with estimated reserves worth about US$50 billion.
  • It is estimated that 75% of Argentina's mineral wealth has yet to be exploited.
  • The Argentina properties are located just north of Yamana Gold Inc.'s (NYSE:AUY / TSX:YRI $15.19 per share) 2.9M ounce gold deposit and in the same highly prolific region of northwestern Argentina where Newmont Mining Corp. (NYSE:NEM $47.91 per share) has recently announced gold exploration.
  • Gold is traditionally a 'safe haven' for investors in times of trouble, and tends to keep its value better than most currencies over time.


Projects

El Torno

The El Torno Project is a past-producing gold mine located in the Andean Cordillera in the mining friendly province of Jujuy, Argentina near the international border with Bolivia.  Based on historical drilling (2,100 m), trenching and sampling, contains an inferred gold resource of between 500,000 and 2,000,000+ ounces of gold, near surface. The fact that this resource is close to surface, will significantly reduce the cost to mine it.

The property consists of four mining rights covering a total of 7,863 hectares. The area is accessible by road all year round, with electricity available from Santa Catalina Village (20 km away) and abundant water in a nearby river.

El Torno contains a large gold-rich quartz vein up to 14 km long and 14 m wide that was worked historically by the Incas and Spanish who left behind more than 1,000 m of underground galleries.

Eureka

10,000 hectares. Based on extensive historical sampling, trenching, test pits and underground workings, contains an inferred copper-gold resource of 50 to 60 million tons of 1% copper with alluvial gold mineralization.

Sonora State Properties

1,150 hectares in total, scattered over two properties: "Casita Colorada" Mine and the Real de Cananea Prospect. Based on historical mining, contains an inferred gold resource of 500,000+ ounces of gold

Surprise lake Claims

The Surprise Lake claims are made up of two claims with total area of 488 hectares located northeast of Atlin, British Columbia, in an area that is currently being intensively explored for molybdenum, gold, tungsten and other metals. The area has a long history of placer old production and several former small mines.


Reasons To Consider SLTA

Soltera has a "multi billion dollar inferred gold and copper resource" with both commodities being near their record highs and showing no signs of slowing down. Soltera's current market capitalization is approximately $35M. Unlike most junior mining companies, the SLTA has an excess of $600,000 in cash and is debt free.

Gold is on a Bull Run, and has been going up in price almost daily. It still has a long way to go before it reaches the levels it reached in 1980, where in current dollar value touched around $2,000.00 an ounce. If gold continues to rise, it could prove to benefit Soltera as well.

President and CEO, Dr. Fabio Montanari, is a seasoned mining professional whose text books are currently used by a number of universities in their graduate mining programs. He has relocated from his homeland of Italy to the area of Soltera's prized El Torno and Eureka gold and copper projects in Argentina to ensure their success and maximize shareholder value. Director, Dr. Kevan L. Ashworth, is internationally renowned for his extensive knowledge and background in the mining industry and has been a director of a number of notable mining exploration companies. He is also retained as an advisor by several London investment firms.

The Argentina properties are located just north of Yamana Gold Inc.'s (NYSE:AUY / TSX:YRI $15.19 per share) 2.9M ounce gold deposit and in the same highly prolific region of northwestern Argentina where Newmont Mining Corp. (NYSE:NEM $47.91 per share) has recently announced gold exploration.

Soltera is presently awaiting analytical results from geochemical assays at El Torno. These results will be combined with trenching and geophysical surveys almost completed, to define an aggressive drill program for the 2nd quarter of 2008. .

It is Soltera's strategic plan to continue to prove mineral rich resources on their existing properties, and to continue acquiring other economically friendly, mineral rich properties for potential development.

All of Soltera's properties were worked at some point by Penoles Minerals from which most of the inferred resource data came from. Penoles Minerals discovered and now operates: Fresnillo - the world's richest silver mine; La Cienega - Mexico's richest gold mine; and La Herradura - Mexico's largest gold mine. *Therefore, if Penoles (one of the world's largest mining companies) was motivated enough to spend all this money proving SLTA's current properties, when gold was around $250.00 an ounce, we feel they may be a pretty safe bet now that gold is hovering around $1000.00 an ounce.

Gold is traditionally a 'safe haven' for investors in times of trouble, and tends to keep its value better than most currencies over time. As Alan Geenspan said when he was Chairman of the Federal Reserve Board of the United States of America, "Gold still represents the ultimate form of payment in the world."

For cultural reasons, demand for gold in Asia (in particular in the high-growth economies of China and India) looks strong, and set to continue. But global gold supply does not look like it will keep pace due to the lack of investment in exploration and mine development in the 90's, when gold prices were much lower. These are ideal conditions to push the price of gold higher.

Due to the massive scale, and proven reserves of Soltera's properties, SLTA qualifies as a prime candidate to possibly be bought out by one of the majors. The fact that their properties geographically lie adjacent to some of the world's richest mining companies, makes them a prime candidate for a major buyout.


Mining In Argentina

Argentina is a historical producer of minerals and industrial materials, but an economic slowdown in the late 1990’s leading to collapse in 2002 made it difficult for the country to bring these rich deposits to the world markets.

The 2002 collapse saw the economy shrink by 10.9%. Since then, Argentina’s GDP has grown by 45%, an average of 8.6% a year.

In the 1990’s, the country began to realize its potential for mining activity. Exports in this sector rose from US$200 million in 1994 to $1.2 billion in 2004. Mineral exports in 2007 are estimated to reach $2 billion.

Barrick Gold Corp’s 2005 decision to move forward with the US$460 million Veladero project in the San Juan region demonstrates how attractive the Argentinean mining sector is becoming. The government estimates that the upcoming decade will see US$5 – 7 billion spent on two dozen mining projects with estimated reserves worth about US$50 billion.

Despite this renewed activity in Argentina’s mining sector, it is estimated that 75% of the country’s mineral wealth has yet to be exploited.

Soltera Mining Corp. understands that this is an opportunity not to be overlooked and is well positioned to carry out the work necessary to join in the prosperity that the Argentinean economy is showing.

Argentina is rapidly becoming one of Latin America's major copper and gold producers, posting a remarkable increase in production over the past 3 years. Gold, copper and silver production is set to increase with Argentina historically being a major producer of industrial minerals and construction materials which contributed at least 66% of mining earnings, whilst metalliferous minerals contributed only 24%.

The mineral potential of Argentina can be divided into 5 main regions:

  • The Puna Region: which hosts large copper, gold, silver, tin, lead and zinc deposits and ferrous minerals.
  • The Northeast: which has a potential for diamonds, nickel, amethyst, limestone and ornamental stone.
  • The Center: which displays a potential for gold, porphyry copper, nickel-platinum and manganese.
  • The Central Cordillera and Precordillera: which have proven potentials of porphyry copper and gold as well as chromium. (El Torno is in this region)
  • Patagonia: which has a potential for large epithermal gold and silver deposits, and polymetallic lead-zinc deposits.

Recent News and Press Releases

Corporate Update: Soltera Mining Corp. Further Defines its Major Golden Opportunity
Marketwire(Wed, Apr 16)


SOLTERA MINING CORP. Files SEC form 8-K, Change in Directors or Principal Officers
EDGAR Online(Wed, Apr 16)

 

RETRANSMISSION: Soltera Mining Corp. Expands its Major Golden Opportunity Geochemical and Structural Survey Results from El Torno, Argentina
Marketwire(Mon, Apr 14)


Soltera Mining Corp. Expands its Major Golden Opportunity Geochemical and Structural Survey Results from El Torno, Argentina
Marketwire(Fri, Apr 11)


SOLTERA MINING CORP. Financials
EDGAR Online Financials(Sat, Apr 5)


SOLTERA MINING CORP. Files SEC form 10-Q, Quarterly Report
EDGAR Online(Mon, Mar 24)


Soltera Mining Corp. Acquires Interest in Argentinean Copper-Gold Property
Marketwire(Thu, Mar 13)


SOLTERA MINING CORP. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure
EDGAR Online(Mon, Mar 10)


Soltera Mining Corp. Acquires Interest in Argentinean Copper-Gold Property
CCNMatthews(Mon, Mar 10)


Soltera Mining Corp. Acquires Rights to Mexican Gold Properties
CCNMatthews(Wed, Mar 5)


SOLTERA MINING CORP. Files SEC form 10KSB, Annual Report
EDGAR Online(Thu, Feb 21


Management

Dr. Fabio Montanari – President/CEO

As President and Chief Executive Officer, Dr. Montanari is responsible for the overall management of Soltera, and has been mandated to grow shareholder value through further exploration and development of Soltera’s recently acquired rights to explore and purchase mining claims in Argentina via its wholly owned subsidiary Incas Mineral S.A.

Dr. Montanari brings to Soltera a distinguished international mining career spanning over twenty-five years. Included is senior experience spearheading advanced exploration and mining activities in Africa, South America, Europe, Canada and the United States for a host of internationally recognized exploration and mining companies including: Asarco (US), Golden Star (UK), ENI Group (Italy) and Normabec (CAN). Dr. Montanari has also been a geological consultant to the United Nations under the U.N. Technology Cooperation Schemes.

Dr. Montanari’s responsibilities have encompassed various mining engineering, operations, pre-feasibility and general management positions, including business development roles at the corporate management level.

Dr. Montanari holds a doctorate degree in economic geology from the University of Ferrara, Italy. Additionally, he is the author of a textbook on economic geology, "Metals & Industrial Minerals: Economic & Metalogenic Parameters", which has been adopted by several major Italian universities.

Mr. Nadwynn Sing - CFO and Corporate Secretary

Mr. Sing obtained his Bachelors of Commerce from the University of British Columbia, Canada, majoring in Finance and Urban Land Economics. For the past 8 years, Mr. Sing has been involved as a consultant in Corporate Finance and Communications, and has served as the CEO of JT Capital, a private capital firm.
 


Contact

Soltera Mining Corp

Canada Head Office

Address:
Suite 1005 - 289 Drake Street
Vancouver
British Columbia
Canada
V6B 5Z5

E-mail: info@solteramining.com
Telephone: 1-888-768-5552

Information: Investor Relations
ir@solteramining.com
Telephone: 1-866-985-6696


FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Soltera Mining Corp. current expectations about its future results, performance, prospects and opportunities. Soltera Mining Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Soltera Mining Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.


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