Solitario and Ely Gold Enter into Agreement to Sell their Interests in the Mt. Hamilton Gold Project for Total Consideration of US$30 Million (Solitario Exploration & Royalty Corporation)

(Source: Solitario Exploration & Royalty Corporation) June 11, 2015 Solitario and Ely Gold Enter into Agreement to Sell their Interests in the Mt. Hamilton Gold Project for Total Consideration of US$30 Million Denver, Colorado: 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...