Both the vein and potential open-pit targets were outlined by Soltera geochemical surveys in 2008 and these were followed by a small reconnaissance sampling program earlier this year that produced excellent results including a 1.5 meter channel sample with more than 10 ounces of gold per tonne. The new geological survey will extend along the full length of the main vein system and will include sampling both the veins and the country rocks. It will also cover the broad and strong geochemical gold anomalies that occur up to 2 km away from the vein system. The geophysical survey will be concentrated on the main parts of the vein system.

The work is aimed at detecting surface expressions of vein gold mineralization, testing the strongly gold anomalous areas of country rock identified during the earlier geochemical surveys, interpreting the geology, and providing a basis for drill programs to test the main gold targets. It is anticipated that the mapping and sampling program will take about three months to complete with another two months for the contract laboratory to finalize the analyses. Two geologists have arrived in Argentina from Italy and are working on the project from a base camp located at El Torno. Geophysical contractors are being asked to quote for a survey that will follow the geological mapping program.

Soltera is also preparing a full set of outstanding quarterly and annual accounts for submission to the SEC and the British Columbian authorities with the objective of having the Company fully compliant with all reporting requirements as quickly as possible. The delay in submitting these accounts has been due to lack of available funding.

On an administrative note, Soltera has changed its registered office address from London to: Soltera Mining Corp., 20801 Biscayne Blvd., 4^th Floor, Aventura FL 33180, USA. This is more convenient for contact with Soltera personnel and is appropriate for a company registered in the USA.

Goldlake Italia S.p.A. (“Goldlake”) has agreed to support this first phase of Soltera’s operations through the Goldlake-Soltera Capital Increase Agreement of 9^th June 2010. Under the terms of this agreement, Goldlake has to date invested a total of US$1,500,000 in return for shares at US$0.10 per share with each share carrying two warrants to subscribe for shares at US$0.15. Goldlake now has the option to invest up to US$4,500,000 into Soltera by exercising the warrants to subscribe for shares at US$0.15 per share.

About Soltera Mining Corp.

Soltera Mining Corp. is an exploration company that is concentrating on the major El Torno gold project in northern Argentina. El Torno is a 78 km² area that has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past, and dispersed gold in suites of small veins and stockworks that are separate from the main system and appear to be major open-pit targets.

For more information, please visit the Soltera website at www.solteramining.com and the Goldlake website: www.goldlake.co.uk.

Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.

Typically, the potential investor is contacted by telephone and the call sounds legitimate. The caller promotes a company (in this case Soltera) and sounds knowledgeable on the subject.

All incidents to date are in the U.K, but it could happen to anyone, anywhere and all investors should be alert to any unsolicited approaches to invest.  Such approaches should be reported immediately to the relevant regulatory authorities.

In the UK, the regulatory authority is the Financial Services Authority and their telephone number is 0845 606 1234 and their email address is fcc@fsa.gov.uk.  Their web site, www.fsa.gov.uk, provides more information on this type of fraud which is known as ‘Boiler Room Scams’.

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%.
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 totalled over $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. saw this is an opportunity not to be overlooked and is now well positioned to carry out the work necessary to join in the prosperity that the Argentinean economy is showing.
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. (El Torno and Eureka are in this region)
• 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.
• Patagonia: which has a potential for large epithermal gold and silver deposits, and polymetallic lead-zinc deposits.

Point Roberts, WA – June 09, 2011 – www.InvestorIdeas.com, a leader in sector stock research including mining stocks, release a Q&A interview with Dr. Fabio Montanari, President/CEO of Soltera Mining Corp. (OTCPK:SLTA) (FRANKFURT:SN7) for interested gold stock investors.

Interview

Q- Investorideas.com
Dr. Fabio Montanari, let’s start with the two announcements regarding assay results. They seem contradictory, with one reporting low gold values and the other some very high gold values, so what does this mean?

A- Fabio Montanari
The difference is because the samples were from test work on two very different types of gold deposit.  The main potential of the El Torno property is for large deposits of vein and bedrock gold, but there are also much smaller deposits of weathered surface (called eluvial) material that can contain free gold. The first announcement concerned test work on eluvial material whereas the second concerned analyses from part of the main vein system.

Q- Investorideas.com
Why bother with the eluvial deposits if they are small and, in any case what went wrong with the eluvial test work?

A- Fabio Montanari
We were looking at the eluvial material because there is a simple gravitational processing plant already in place that had been used successfully in the past by the mineral title owner and it offered the real possibility of generating a rapid cash flow that would pay for exploration of the main targets. Initial operation of the plant produced gold in the form of tiny nuggets and the next logical step was to test an area of potential eluvial feedstock to see if there was enough for a commercial operation. Any production by this means would be ideal for Goldlake’s agreement to supply ‘ethical gold’ to Cartier.

The sampled area, about 35 of the 7861hectares (19,424 acres) included in the property, was selected because it had a good thickness of weathered material, all the necessary permissions for surface extraction, and is relatively close to the processing plant. Part of the area had also been worked previously by the mineral title owner. However, extensive and detailed test work showed that although small amounts of gold are distributed widely throughout the area, the tonnage of material containing higher values is insufficient to justify a commercial operation from this location. There was simply less gold than we had anticipated and, as a result, we cannot go into production immediately as we wished. There are, however, other areas of eluvial material throughout the property that could contain gold and these will be examined in due course.

Q- Investorideas.com
So what is the significance of the very high gold values in the second announcement?

A-Fabio Montanari
The high gold values are very exciting and very significant.

We already knew from old records that a gold–rich zone, said to be about one and a half meters wide, extends along the western edge of the main vein system. Drilling in the 1990s showed that the zone extends to at least 110 meters depth and suggested an average gold grade around 10 gpt. Soltera geochemical surveys also suggest that the zone extends for most of the 14 km vein length. This gold zone is a major exploration target.

Although we had been concentrating on eluvial material, I decided to look more closely at surface expressions of the gold zone. I selected a 300 meter long stretch marked by old workings and trenches, and took samples of various rock types such as white quartz or iron-rich breccias to find out where gold was concentrated. A few were simply grab samples (lumps of a particular rock type), but most were channel samples which means literally cutting a channel several centimeters wide and deep through the rock over a distance of 1 or 1.5 meters. The gold analysis of a channel sample indicates the average gold over the length sampled.
The results were startling to say the least. They included channel samples of 6.5 meters with between 6.2 and 8.8 g/t Au, 1 meter at 14.95 g/t Au, 1 meter at 20.9 g/t Au, and 1.5 meters at 376 g/t Au. The mean value of the 17 samples containing more than 1 g/t Au (with the 376 g/t Au cut to 100 g/t Au) was 11 g/t Au.
The data confirms the existence of the rich gold zone along the flank of the main vein as indicated by earlier drilling and indicates that in some places it is considerably thicker than previously thought (up to 6.5 meters). Some gold mineralization was even detected in part of the main vein system where it had not been previously recognized. The results open up all sorts of possibilities for the future, including that of possible surface production from ‘hot spots’ over parts of the vein. It definitely means there should be intensive sampling along the full 14 km length of the vein system.

Q- Investorideas.com
And what about the Goldlake announcement?

A-Fabio Montanari
Goldlake evidently appreciate the potential for gold at El Torno and decided to back us despite the setback over eluvium gold production. We are really looking forward to moving rapidly on some serious exploration of the main vein and dispersed bedrock gold targets.

Q- Investorideas.com
So what’s next for Soltera?

A- Fabio Montanari
Intensive exploration of the major gold targets and fulfilling the listing requirements.

Under the terms of the agreement with the mineral title owner, we have eighteen months to decide whether or not the property is worth purchasing outright. This means we have to acquire sufficient information to make a firm decision.

The next step will be detailed mapping and sampling along the full length of the vein and over parts of the dispersed gold targets that are marked by strong geochemical anomalies. At the same time, we are planning a geophysical survey over part of the main vein system. The net result of this work will be to define drill targets and we intend to start drilling during the next field season which commences in September this year. If ‘hot spots’ are detected along the gold-rich zone, we will look at the possibility of future surface production, but our main emphasis must be on the major targets.

In addition, we intend to bring all our SEC and BCSC filings up to date in order to become fully compliant with all reporting procedures.

About El Torno
The El Torno project is located in the extreme north of Argentina in rolling country of the high Andes at a height of around 4,000 meters. Soltera holds options over 78 km2 of highly prospective ground that contains a very large gold-bearing quartz vein system extending intermittently for 14 km with veins up to 20 meters wide, and the area has potential for major gold deposits of two types; large gold-rich quartz vein deposits suitable for underground mining, and gold-bearing quartz vein swarms within the country rocks suitable for large-scale open-pit mining.

Soltera Mining Corp. (OTCPK: SLTA) is a gold exploration company concentrating on its large-scale El Torno Gold Project in the Province of Jujuy in north-west Argentina. Soltera is an unusual exploration company in the sense that it is following two distinct lines of action: the first is to explore potentially large vein and dispersed gold deposits that occur within the 78 km2 title area; while the second is to develop the easily exploited and substantial surficial gold deposits that have formed by weathering of the underlying gold-bearing bed rocks.

Visit the company website at http://www.solteramining.com/

Request news and stock alerts from Soltera Mining Corp. http://www.investorideas.com/Resources/Newsletter.asp

Contacts:
Soltera Mining Corp.
Fabio MontanariPresident/CEO
1-888-768-5552 or 1-303-800-5752
info@solteramining.com
fmontanari@solteramining.com

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Following the previously reported sampling program for eluvial (surface weathered) gold, Soltera immediately began to focus on the two major gold targets at El Torno: the large gold-bearing vein systems that cross the license area; and the potential open-pit areas with dispersed gold. Both types of target were outlined by the 2008 geochemical surveys and Soltera opted to start with the vein system.

The first step was a reconnaissance survey of the bedrock and vein mineralization within a short (300 meter) stretch of the main vein system and a smaller area half a kilometer to the northwest. A total of 44 samples were collected from old trenches (probably dug by Codelco and Peñoles) or from rock outcrops. Thirty-nine samples were 1 or 1.5 meter length channels; five were rock-chip. The samples, mainly between 2 kg and 2.5 kg in weight, were sent to an internationally recognized laboratory for fire assay.

The results are excellent.  From a total of 44 samples analyzed, 17 showed more than 1 g/t Au including:

• 6.5 meters with between 6.2 and 8.8 g/t Au,
• 1 meter at 14.95 g/t Au,
• 1 meter at 20.9 g/t Au, and
• 1.5 meters at 376 g/t Au.
• The mean value of the 17 samples containing more than 1 g/t Au (with the 376 g/t Au cut to 100 g/t Au) is 11 g/t Au.

Most of the gold-rich samples were from along the western side of the main vein system, but some were in smaller vein systems to the northwest.

The survey has confirmed the existence of rich gold mineralization in a zone flanking the main vein system, as indicated by the 1997 Puma drilling program which was adjacent to the sampled area.  This zone is at least 6 meters thick in the area tested and our results also show mineralization that has not previously been recognized within parts of the 14-meter thick main vein system. The results confirm the importance of the geochemical anomalies as guidelines to mineralization.

The reconnaissance survey covered only a small part of the vein system and the geochemically anomalous areas and Soltera is now planning a program of mapping and sampling to cover them all in detail.  The objective will be to provide basic data and guidelines for the geophysical surveys and drilling programs over the main targets.

Contact:

Fabio Montanari

President/CEO

Soltera Mining Corp.

1-888-768-5552

info@solteramining.com

www.solteramining.com

Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.

The Agreement states that Goldlake has the option to invest a total of US$1,500,000 before 30^th June 2011. To date, Goldlake has invested US$600,000. The remaining US$900,000 will be used to maintain the El Torno rental/purchase agreement, continue the gold exploration and cover general operational expenses including SEC filings. In return, Goldlake will be issued shares at US$0.10 per share and each issued share will provide Goldlake with warrants to subscribe for two shares at US$0.15 per share. Soltera will appoint two additional Goldlake-nominated Directors to the Board.

About The Goldlake Group (“Goldlake”)

The Goldlake Group is the first Italian organisation to invest in the mining and exploration sector of Honduras and now Argentina. The Group is privately owned, with the majority stake held by the founder of Italy’s third largest cement company, Colacem. It has offices in Gubbio (Italy), London (UK) and at its main operations in Tegucigalpa, Honduras.

Goldlake’s strategy is to mine only environmentally friendly gold without the use of cyanide or other chemicals.  In Honduras, this involves working alluvial gold using a cyanide-free extraction process and a zero waste and water management system. In Argentina, El Torno is particularly attractive because much of the gold appears to be free and extractable by simple mechanical rather than chemical methods (Ethical Gold Exploitation).

The company has established a supply chain from extraction to final customer, including analytical laboratories, refining operation and direct sales to the customer, over which it has complete control. Furthermore, Goldlake has a track record of developing successful businesses in emerging markets and has a management team with significant experience in the mining sector.

For more information, please visit the Goldlake website at www.goldlake.co.uk

Contact:

Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.

Given the level of concern expressed by shareholders and apparent misunderstanding resulting from our news release of April 21, Soltera management offers this follow up release which states explicitly the significance of the assay results in the context of the rest of the El Torno prospect.

The sampling program was designed specifically to test eluvial deposits composed of weathered bedrock that have been worked in the recent past by the mineral title owner who processed the material through a gravity processing plant located some 3 km from the sample area.  Samples were split into six size fractions in the ALS laboratory and analyzed by a combination of fire assay, cyanide leaching and emission spectroscopy; detailed lab work that took the better part of three months to complete.

Soltera has now received all 392 analyses from the sampling program.  The sampling area covered approximately 40 hectares (99 acres), including part of the current Exploitation Licence, which covers 30 hectares (74 acres).  The results provide useful information on possible gold targets for further exploration work; however, the easily accessible eluvial (weathered) deposits, which were to be the feed material for immediate small-scale production, do not appear to contain sufficient gold to justify this short-term initiative.  Any possible immediate gold exploitation from this specific area will likely require milling the hardrock.

The analytical results do show that traces of gold are widespread through both the surface eluvial material and the underlying bedrock, but values over 1 g/t are scarce and erratic.  Specifically, approximately 95% of the 392 analyses showed trace gold, with six containing more than 1 g/t Au (with one sample showing 11 g/t) and the rest containing less than 0.1 g/t Au.

Given the above, the most likely locations for plant feed are within the large and strong geochemical anomalies discovered in 2008 that cover several hundred hectares of the Exploration Licence and which are different from the main gold-quartz vein system.  A reconnaissance check on these areas will be part of the first stage of exploration of these major bedrock targets.

Soltera plans to focus ongoing exploration activities on the two major gold targets at El Torno: the large gold-bearing vein systems that cross the licence area; and the potential open-pit areas outlined by the 2008 geochemical surveys.  Both have potential for several million ounces of gold and all indications to date are that a considerable proportion of the gold is free and can be recovered by ethical means.

Background of Sampled Area

The El Torno area contains three types of gold deposit; major gold-bearing vein systems, large potential open-pit areas, and relatively small ‘eluvial’ deposits which consist of surface weathered material derived from gold-bearing bedrock.  The sampling aimed to provide information primarily on the eluvial material and, to a lesser extent, on the bedrock that hosts the larger-scale targets.

The eluvial material occurs in broad patches, usually 2 to 3 metres deep, distributed throughout the area.  It is easily worked and, in fact, was extracted from one area by the mineral title owner until three years ago when he ceased operations due to ill health.  The weathered gold-bearing material was dug by backhoe and transported some 3 kilometres to a simple gravity processing plant located just outside the El Torno title area.

Prior to the sampling there was no firm data on the tonnage or grade potential of the eluvial material, but there certainly appeared to be substantial tonnages suitable for processing.  Small gold nuggets were recovered from the gravity plant operation and it seemed highly likely that considerable fine pure gold was lost in the recovery process.

Sampling Program Objectives

The main objectives of the sampling program were to:

• determine in broad terms the tonnage and gold content of eluvial material available for processing,
• determine the amounts of gold in different size fractions of the plant feed in order to find out how much fine gold was being lost and the best methods for its recovery, and
• provide information on the rock types underlying the eluvial material as a guide for the major vein and open-pit target exploration.

Sampling Program Details

Twenty trenches were dug on the exploitation licence area, covering around 40 hectares, and 77 samples sent for preparation and analysis.  Of these, 44 were channel samples of eluvial material taken along the sides of the trenches and 33 were chip samples of the underlying bedrock exposed in the trenches.

The majority of the samples were sieved in the laboratory into six size fractions and the coarser fractions were analysed for gold by cyanidation which should extract all the oxidized gold in the sample, and by fire assay which analyses total gold.  The coarsest fractions were also analysed for 32 elements by emission spectroscopy.  The fine fractions were analysed by cyanidation alone.  The main objective was to find out where the gold was concentrated so that the existing gravity processing plant recovery rate could be improved.

Sample Program Results

Although approximately 95% of the 392 analyses showed trace gold, only six contained more than 1 g/t Au (up to 11 g/t) and the rest mainly less than 0.1 g/t Au.  The mean of all the samples (excluding the highest value of 11 g/t) is 0.12 g/t Au.

The sampling area covered approximately 40 hectares (98.8 acres), including part of the current Exploitation Licence which covers 30 hectares (74.1 acres).   This location contains the thickest development of eluvium in the exploitation area, and a major objective was to establish in broad terms the volume of potential feed for the beneficiation plant.  The analytical results show that traces of gold are widespread through both the surface eluvial material and the underlying bedrock, but values over 1 g/t are scarce and erratic.  They indicate, in fact, that only very small tonnages of eluvial material in the test area would be suitable feed for the plant, perhaps a few thousand cubic metres.

However, the results provide some guidelines for locating suitable plant feed.  We know that previous plant feed was taken from relatively close to the gold mineralised vein system within a strong geochemical gold anomaly and that it yielded visible gold in the plant concentrates.  By contrast, the sampled area was outside any main geochemical gold anomaly except in the extreme southwest where Pit 20 showed 4.8 g/t (+180 mesh fraction) in a bedrock sample.  In other words, any potential feed for the plant is likely to be from eluvial deposits located within strong geochemical anomalies.

Eluvium over the main mineralised vein system is often thin, but can be thicker over the main open-pit targets.  We think that a reconnaissance check on the strong geochemical gold anomalies that cover several hundred hectares within the Exploration Licence’s 7,900 hectares (19,513 acres) is warranted.  This check can be carried out as part of the first phase of exploration work for the major vein and open-pit bedrock targets.

One unconnected but important point is that there is generally good correlation between the fire assay and cyanidation extraction data.  This correlation indicates that the bulk of the gold in the samples analyzed was free gold.

Conclusions

From the above, we conclude that there is an insufficient tonnage of suitable plant feed in the current Exploitation License area, which covers 30 hectares (74.1 acres) out of a total exploration area of 7900 hectares (19,513 acres), to justify a commercial operation. However, there may be gold-bearing eluvial cover within the many strong geochemical gold anomalies and, although the eluvium is likely to be thin in places, these are worth checking out as part of the first stage of exploration for the major deposits.

We plan at this stage to focus our efforts on the main El Torno gold targets: the major gold-bearing vein systems that cross the licence area; and the potential large-scale open-pit areas outlined by the 2008 geochemical surveys.  Both have potential for several million ounces of gold.  Furthermore, all available evidence indicates that the bulk of the gold is free and can probably be recovered by simple gravitational methods.  As part of this approach, we plan to verify and validate the historic drill data from Puma Minerals, Peñoles and CODELCO using a combination of geophysical surveys and drilling, and if verified, start to crush and mill the hardrock before processing it through our existing gravity concentration plant.

Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
info@solteramining.com
www.solteramining.com

Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.

Geochemical stream sediments have been sampled to evaluate the presence of mineralization along and around the whole gold-quartz vein system, as well as in specific areas of the stockwork. Soltera is now awaiting the analytical results of these geochemical assays from a Canadian chemical laboratory.

Further to the above, in November the exploration team commenced structural geological mapping and is currently re-interpreting the geological situation.  Evidence to date suggests that the gold-quartz vein structure is different from previous interpretations and the mineralization could be more widespread than previously thought.

This activity will be followed in the first quarter of 2008 by trenching and geophysical surveys in order to define precise drilling targets for the second quarter of 2008.

About Soltera Mining Corp.

Soltera Mining Corp. is a progressive exploration-stage company keenly focused on further exploration and development of its El Torno gold prospect in Argentina. Soltera’s mandate is to develop El Torno and to acquire further concessions that have high potential for near term discoveries and long-term sustainable returns.

About El Torno

The El Torno gold prospect is a past producing gold mine located in the Andean Cordillera in the extreme north-west of Argentina near the international border with Bolivia. The property consists of four mining rights covering a total area of 7,900 hectares. Soltera believes that modern exploration techniques will allow for the further extraction of gold from the area.

For further information on Soltera Mining Corp. please do visit our website at: www.solteramining.com.

On Behalf Of The Board

Fabio Montanari

President/CEO

Soltera Mining Corp.

1-888-768-5552

info@solteramining.com

www.solteramining.com

Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
info@solteramining.com
www.solteramining.com

Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.

Goldlake Group Financing

In September 2010, Goldlake Italia S.p.A. (Goldlake Group) invested US$200,000 into Soltera Mining under the terms of a Financing Agreement signed June 9, 2010 in return for 2,000,000 restricted units consisting of one restricted share of common stock in the capital of Soltera Mining and one share purchase warrant. Each warrant enables Goldlake Group to purchase two additional restricted shares of common stock at a price of $0.15 per share, (ref.: 8K filed with SEC by Soltera Mining September 8, 2010 for details of Financing Agreement).

This is the second tranche of funding received from Goldlake Group, (the first was US$300,000 paid in June 2010), and is double the amount required by the Agreement. These new funds have been allocated primarily for test work, including surface sampling and processing, on the El Torno gold property in Argentina.

Test Work Program

The test work program was designed to provide information on both the easily treatable surficial gold and the larger dispersed gold and gold vein targets. As of November 12, 2010, the surface sampling was completed and several hundred samples are being prepared for analysis at an internationally recognized laboratory. Two Goldlake Group specialists from Honduras, a geologist and a mining technician who had participated in the overall planning, were present for part of the field operations.

Appointment of New Director

Subsequent to the Financing Agreement, Dr. Stefano Capaccioli was appointed to the Board of Directors of Soltera Mining on August 27, 2010. Involved with Goldlake Group since 2003, Dr. Capaccioli contributed to the founding of their companies in both the UK and Central America and is currently their Director responsible for Tax and Legal Issues.  Dr. Capaccioli is a chartered accountant, auditor and Chief Executive Officer of Studio Capaccioli, a well known company of chartered accountants and tax, accounting and business consultants based in Arezzo, Italy.

Relinquished Property

Option agreements on the Eureka and Sur Eureka copper properties have been relinquished in order to concentrate on exploration and development of the El Torno gold property.

SEC/BCSC Filings

Steps are being taken to allow Soltera Mining to complete all requisite SEC and BCSC filings with a view to bringing the Company into compliance of reporting requirements as soon as possible.

Ambrian Lawsuit

In July 2010 Soltera Mining Corp. was served with a lawsuit in Nevada by Ambrian Resources AG (Ambrian) claiming damages on the alleged grounds that Ambrian had negotiated and finalized a binding funding agreement with Soltera Mining during April-June 2010 but instead Soltera Mining chose to enter a financing agreement with another company (Goldlake Group). Ambrian also claimed for unjust enrichment and misappropriation of trade secrets on the alleged grounds that Soltera Mining used a strategy developed by Ambrian and information provided by a South African mining engineer who visited the project at Ambrian’s expense.

Soltera denied all the claims and moved that the lawsuit be dismissed. On 21st September 2010, the District Court of Clark County, Nevada granted the Motion to Dismiss four of the six claims; the breach of contract claims were dismissed but the claims for unjust enrichment and misappropriation of trade secrets were denied dismissal.  This means that the action will continue only as it relates to the claims concerning strategy allegedly developed by Ambrian and information allegedly provided on their behalf by the mining engineer. (ref.: Clark County Courts Records Inquiry ref no.A619956 for case status.)

About El Torno

El Torno is located in northern Argentina near the international border with Bolivia. The 78 km² area has potential for world-class gold deposits of two types: vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. Furthermore, the gold throughout El Torno seems to be commonly free gold with some in micro-plate form thereby offering the possibility of recovery by simple mechanical rather than chemical processes.

El Torno also contains a third type of gold deposit known as eluvial which is formed of weathered material derived from gold-bearing bedrock.  Broad patches of this material, usually 2m to 3m deep, are distributed throughout the area, commonly centered on the large open-pit targets. (ref.: El Torno Gold Project Report 2009 for technical details.)

About Goldlake Group

Goldlake Group was formed in 2003 and is owned by Gold Holding, the holding company of the family of Franco Colaiacovo, a founder of Italy’s third-largest cement company, Colacem. In July 2009, Cartier, the world-renowned jeweler, and Goldlake Group announced their collaboration in supplying ‘ethical gold’ to Cartier directly from Goldlake’s Eurocantera mining operation in Honduras (ref.: www.goldlake.co.uk).

Contact:

Fabio Montanari

President/CEO

Soltera Mining Corp.

1-888-768-5552

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www.solteramining.com

Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.

Soltera undertook stream sediment sampling throughout the whole property as a first check to establish whether only the central part of the vein system was gold-rich.  The country is rolling highland dissected by streams, so is well suited for this type of survey.  A total of 596 samples were collected at selected locations on stream courses and the -80 mesh fractions analysed in Canada.

The results show a series of distinct, very strong anomalies extending the full 14 km length of the vein system, and also up to 2 km away where they appear to be centred over large areas of vein suites and stockworks in the country rocks.  One of these anomalies alone is 2 km long by 1.5 km wide.  This indicates that the gold mineralization is far more extensive than previously thought and offers the distinct possibility of wide mineralised areas of country rock that could form previously unrecognised large-scale open-pit targets.

The structural study concentrated on parts of the main vein system exposed at surface and in the old mine workings.  The results suggest that the structure is broader and more complex than the simple vertical vein interpreted by previous workers.  In fact, the re-interpretation suggests that the gold-bearing quartz could be concentrated in anticlinal structures, rather similar in character to those of the Bendigo and Ballarat gold fields in Australia.  This opens up the possibility that the mineralised system could be much more extensive than previously thought and that there may be repetitions of the vein at depth.  If this proves correct, the earlier non NI-43-101 compliant Penoles Minerals estimate of more than 500,000 ounces of gold to 100 metres depth could be increased very substantially.

More detailed geochemical surveys will shortly be underway to define more precisely the anomalies, and these will be followed by geophysical surveys to define precise drill targets.

About Soltera Mining Corp.
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. For more information please visit www.solteramining.com.

On Behalf Of The Board

Fabio Montanari

President/CEO

Soltera Mining Corp.

1-888-768-5552

info@solteramining.com

www.solteramining.com

Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
info@solteramining.com
www.solteramining.com

Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.