Solitario Announces Drilling Will Begin on Its Florida Canyon Zinc Project - Seite 2

Mr. Walt Hunt, COO for Solitario Zinc Corp., who is a qualified person as defined by National Instrument 43-101, has reviewed the technical information contained within this release.

Terms of the Florida Canyon Joint Venture and Funding of the 2018/2019 Drilling Program

Solitario and Nexa have agreed to jointly fund the cost for the 2018/2019 drilling program with Nexa contributing 70% and Solitario funding 30%. Funding that Solitario contributes towards the drilling program will be fully credited towards repayment of a construction loan facility Nexa provides to Solitario for project construction (see below).

Solitario owns a 39% interest and Nexa owns a 61% indirect interest in the Florida Canyon project. Nexa can earn a 70% interest in the Florida Canyon project by continuing to fund all project expenditures and committing to place the project into production based upon a positive feasibility study. After earning 70%, and at the request of Solitario, Nexa has further agreed to finance Solitario's 30% participating interest for construction through a project loan. Solitario will repay the loan facility through 50% of its net cash flow distributions from production.

About Solitario

Solitario is an emerging zinc exploration and development company traded on the NYSE American (“XPL”) and on the Toronto Stock Exchange (“SLR”). Besides Solitario’s joint venture with Nexa Resources on its high-grade Florida Canyon zinc project in Peru, Solitario also holds a 50% joint venture interest (Teck Resources Ltd. holds the other 50% interest) in the high-grade, open pitable Lik zinc deposit in Alaska, and 11.0 million shares (7.5% equity interest) of Vendetta Mining. Solitario’s Management and Directors hold approximately 9.3% (excluding options) of the Company’s 58.3 million shares outstanding. Solitario’s cash balance and marketable securities stand at approximately US$12.5 million. Additional information about Solitario is available online at www.solitariozinc.com .

Cautionary Note to U.S. Investors concerning estimates of Resources: This news release uses the term Resources. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The Company advises U.S. investors that while these terms are recognized and are in part required by Canadian regulations, the SEC does not recognize the terms. U.S. investors are cautioned not to assume that any part or all of a Measured, Indicated or Inferred Mineral Resources will ever be converted into Reserves. Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that any part or all of a Measured, Indicated or Inferred resource exists, or is economically or legally minable.