SOL

Soltoro Ltd. (TSX VENTURE:SOL) has received a property-wide aeromagnetic survey
and assay results from over 1,350 soil and rock samples taken at La Tortuga by
Gold Reserve Inc. (TSX VENTURE:GRZ) (OTCQB:GDRZF). Gold Reserve is in the second
year of an earn-in option and may acquire an undivided 51% interest in Soltoro's
La Tortuga property by making an aggregate US$3,650,000 in option payments and
property expenditures over three years. The 11,562 hectare La Tortuga property
is located in Jalisco State, Mexico and is being investigated for the potential
to host a bulk tonnage gold-copper deposit. 


A total of 930 line-kilometers of survey lines (100 meter spacing) was flown
over an area of approximately 86 square kilometers by MPX Geophysics Ltd. of
Ontario, Canada. All known mineralized targets were covered, including the
Caballo and Quartz Breccia Veins, and the Garrochas trend, a prominent
northeast-striking structure with strong gold and copper anomalies at several
locations, including a historically active mine. 


Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "The airborne
geophysical survey suggests the presence of a large intrusive at depth within
the La Tortuga property. Gold Reserve is awaiting approval of permitting to
begin drilling on the property." 


The airborne geophysical map (Figure 1) and sampling location maps (Figures 2
and 3) may be viewed at: http://www.goldreserveinc.com/documents/TorOct21NR.pdf


A reduced-to-the-pole magnetic map is shown in Figure 1. Overlain are mapped
structures known to be mineralized. Several important patterns are apparent. The
Quartz Breccia vein hosts marked discontinuities in the magnetic character along
its known extent. Moreover, there is an unusually strong magnetic high where the
Quartz Breccia intersects the Garrochas trend, as well as in the area of the old
Garrochas Mine. These two trends, typified by the Quartz Breccia Vein (NW-SE),
and the Garrochas/Caballo veins (NE-SW) are well established in the district as
important hosts to gold and copper mineralization. The circular magnetic high in
the area of the Quartz Breccia and Caballo veins suggests an underlying
intrusive, one that is displaced and/or chemically altered by hydrothermal
activity along the structures.


Geochemical information from rock and soil sampling adds evidence to the
importance of the Caballo and Garrochas veins. Figures 2 (Structures and
Significant Outcrop Sampling Results La Tortuga) and 3 (Detail Map - Historic
Las Garrochas Mine Area Significant Outcrop Sampling Results) show the location
of significant results from rock sampling. Table 1 shows the results for several
metals of interest, including gold, silver, copper and lead. There is a
preponderance of high copper values in the area of the old Garrochas Mine, some
associated with anomalous gold and lead. The Caballo vein shows sporadic copper
anomalies for a distance of two kilometers along its known extent. This includes
some samples running over 1% Cu from an abandoned decline. This feature was
discovered by the field geologists during routine work.


Two new structures revealed from fieldwork are the Creston and Joel veins. The
Creston vein trends N 80 E and appears to connect the Garrochas and Caballo
veins. A number of outcrop samples taken along it are slightly anomalous in gold
and copper, including the two shown in Table 1. Another new find was the Joel
vein, due south of the Quartz Breccia vein. The exposure is poor and only float
samples were gathered from an exposed quartz vein. 


These samples resulted in significant levels of copper, shown below in Table 1:



----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                Sample     Au    Ag     Cu                Pb
Area               Rock type         #    g/t   g/t      %                 %
----------------------------================================================
Garrochas        Quartz Vein   outcrop   4.16   250   7.39              0.87
----------------------------------------------------------------------------
Garrochas        Quartz Vein   outcrop   0.11    55   3.30              0.08
----------------------------------------------------------------------------
Garrochas           Rhyolite   outcrop   0.02    61   2.88              0.75
----------------------------------------------------------------------------
Garrochas        Quartz Vein   outcrop   2.04    26   0.14              0.18
----------------------------------------------------------------------------
Garrochas        Quartz Vein   outcrop   0.48    12   0.28              0.85
----------------------------------------------------------------------------
Garrochas        Quartz Vein   outcrop   0.12     3   0.27              0.39
----------------------------------------------------------------------------
Garrochas          Intrusive   outcrop   0.19     7   0.23              0.13
----------------------------------------------------------------------------
Garrochas        Quartz Vein   outcrop   0.16    21   0.16              1.06
----------------------------------------------------------------------------
Garrochas           Rhyolite   outcrop   0.14     5   0.13              0.06
----------------------------------------------------------------------------
Garrochas          Intrusive   outcrop   0.19     7   0.23              0.13
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Caballo             Rhyolite   outcrop   0.01    tr   4.16   less than 0.01
----------------------------------------------------------------------------
Caballo            Intrusive   outcrop   0.06    20   1.88   less than 0.01
----------------------------------------------------------------------------
Caballo          Quartz Vein   outcrop   0.02     6   0.41   less than 0.01
----------------------------------------------------------------------------
Caballo          Quartz Vein   outcrop   0.02     6   0.23   less than 0.01
----------------------------------------------------------------------------
Caballo          Quartz Vein   outcrop   0.01     9   0.22   less than 0.01
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Creston       Andesitic tuff   outcrop     tr    tr   0.30   less than 0.01
----------------------------------------------------------------------------
Creston          Quartz Vein   outcrop   0.87    12   0.12   less than 0.01
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Joel             Quartz Vein      grab   0.06   115   5.31   less than 0.01
----------------------------------------------------------------------------
Joel             Quartz Vein      grab     tr     7   0.40   less than 0.01
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Table 1 - Notable values from outcrop samples of quartz veins and           
surrounding volcanic rocks, for the Garrochas, Caballo and Creston veins.   
Values for the Joel vein are solely represented by quartz vein float        
sampling.                                                                   



Gold Reserve has initiated follow up trenching and ground magnetics programs
based on the results received to date. Gold Reserve has also completed all
applications for the diamond drilling program announced May 1, 2013 and is
awaiting notification on permitting. Drilling is scheduled to commence shortly
after receipt of permitting. 


Mr. Steven T. Priesmeyer, C.P.G., is Vice President Exploration for Soltoro Ltd.
(TSX VENTURE:SOL) and a consultant to Gold Reserve. He is a qualified person as
defined by NI 43-101 and he has reviewed and approved the contents of this press
release. Assaying from this program was completed by ALS Chemex through their
office in Guadalajara, Mexico. Analytical procedures include a 33 element
ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver
assays exceeding 100 g/t are re-assayed by HCL leach with an ICP-AES or AAS
finish (OG62).


Soltoro is engaged in exploration for gold and silver deposits in Mexico.
Soltoro holds in excess of 41,000 hectares of ground in Jalisco State. Soltoro
is focused on expanding silver resources at the El Rayo silver project while
seeking partners to advance the balance of its projects. Soltoro holds 15% of
the common shares of Argentum Silver Corp. with a 3% N.S.R. payable on Argentum
Silver's Victoria and Coyote properties. Soltoro has 59,783,037 shares
outstanding and trades on the TSX Venture Exchange under the symbol SOL. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This communication
to shareholders and the public contains certain forward-looking statements.
Actual results may differ materially from those indicated by such statements.
All statements, other than statements of historical fact, included herein,
including, without limitations statements regarding future production, 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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Soltoro Ltd.
Andrew Thomson
President
(416) 987-0722
www.soltoro.com

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