Solitario Exploration & Royalty Corp. (NYSE MKT:XPL; TSX:SLR) (“Solitario”) and Ely Gold & Minerals Inc. (TSX.V:ELY) (“Ely Gold”, and together with Solitario, the “Sellers”) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) to sell their combined interests in the Mt. Hamilton gold project (“Mt. Hamilton”) to Waterton Nevada Splitter, LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP (collectively, “Waterton”), for total cash proceeds of US$30 million (the “Transaction”). Solitario will sell its 80% interest in Mt....
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