Solitario Exploration & Royalty Corp. (“Solitario;” NYSE MKT: XPL; TSX: SLR) is pleased to announce that it has entered into a US$5.0 million secured credit facility agreement (the “Facility”) with RMB Australia Holdings Limited (“RMB”). The use of proceeds from the Facility will be to advance Solitario’s Mt. Hamilton gold project in Nevada and for general corporate purposes. Chris Herald, President and CEO of Solitario, stated: “This Facility strengthens Solitario‘s financial position to advance the Mt. Hamilton project through permitting to construction. We are also pleased that another quality financial institution recognized the robust economics of the Mt. Hamilton project. We look forward to building a strong relationship with RMB as the project advances.” Funds drawn on the Facility will bear interest at the rate of the 90-day LIBOR rate plus 5%. The current applicable 90-day LIBOR rate is approximately 0.44%. The Facility has a 36-month term with interest paid quarterly. In connection with the Facility, Solitario paid a 5.0% upfront fee and issued RMB 1,624,748 warrants, each warrant entitling RMB to purchase one common share of Solitario at an exercise price of US$1.5387 per share (a 23% premium to the prior close) for the three-year period after their issuance. The Facility is secured by a pledge of Solitario’s 80% interest in the Mt. Hamilton joint venture and by a general security interest in most of Solitario’s remaining assets. The facility agreement has no prepayment penalty. About Mount Hamilton Solitario released a feasibility study on the Centennial gold-silver deposit in February 2012 showing favorable economics for an open pit operation with heap leach extraction. Once in operation, the mine is expected to produce 48,000 ounces of gold and 330,000 ounces of silver annually for eight years (or 54,000 gold-equivalent ounces per year at a 55:1 silver to gold ratio). The project has excellent potential to add additional resources and extend the mine life. Currently three drill rigs are operating on the project in the Seligman mineralized area. Solitario owns an 80% interest in the project and is the project manager.