Soltoro Receives $150,000 Option Payment from Gold Reserve

Soltoro Ltd. (TSX VENTURE:SOL) has received the second anniversary payment of US
$150,000 from Gold Reserve Inc. (TSX VENTURE:GRZ)(OTCQB:GDRZF) who hold the
right to earn an undivided 51% interest in Soltoro's 100% owned La Tortuga
property located in Jalisco State, Mexico. Soltoro granted a 45 day extension to
Gold Reserve to make the payment which was originally due on April 26, 2014. 


Gold Reserve has entered the third year of exploration at La Tortuga. To date
Gold Reserve has conducted ground-based mapping, sampling, geochemical studies,
upgraded roughly 22 km of access roads and completed an airborne geophysical
survey at La Tortuga. Gold Reserve has also initiated environmental baseline and
social impact studies, which forms the basis of a comprehensive social impact
and mitigation plan for any future development. Gold Reserve is in the process
of revising its drill permit application in order to carry out a 7,000 to 12,000
metre drill program.


The La Tortuga Property is an 11,562 hectare property being investigated for its
base and precious metal potential with occurrences of copper and gold
mineralization over 49 square kilometers. Potential targets include
iron-oxide-copper-gold, porphyry copper and epithermal gold and/or base metal
veins. Previous work includes 151 line-kilometers of induced polarization, 20
drill holes (both core and reverse circulation), geological mapping and sampling
(approximately 1,000 soil, rock chip and stream sediment samples) and a ground
magnetic survey. 


The Option Agreement allows Gold Reserve to acquire an undivided 51% interest by
making an aggregate US$650,000 in option payments to Soltoro and by making US$3
million in expenditures on the property over 3 years. Gold Reserve has made
$425,000 in option payments to Soltoro to date. At completion of the earn-in a
joint venture agreement will be formalized. Upon exercise of the option, Gold
Reserve may acquire an additional 9% for US$2,000,000. 


ABOUT SOLTORO

Soltoro is engaged in exploration for gold and silver deposits in Mexico.
Soltoro holds in excess of 30,000 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's La Tortuga project is under
option to Gold Reserve Inc. Soltoro has 69,533,037 common share issued and
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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