Solitario Zinc Corp. ("Solitario") reported that it has received assay results for an additional 23 surface trench samples for the Downpour prospect at its Golden Crest Project, South Dakota. These new results significantly enhance the previously reported 27 surface trench samples and extend the Downpour Zone mineralization in three directions.

The collection of all trenching samples reported in this release was supervised by project geologists, including chain of custody. Drill hole permitting has advanced significantly since its initiation in the spring of 2022, when a Plan of Operations was filed with the U.S. Forest Service. Environmental baseline studies in support of permitting documents required for drilling are currently in progress.

Pending receipt of drill-hole permits, core drilling is scheduled to begin in the second quarter of 2023. Solitario's exploration programs in 2021 and 2022 have consisted of surface prospecting and a pilot level induced polarization geophysical survey. Surface prospecting has included sampling of bedrock, float rocks and soils.

The 28,000-acre Golden Crest property is located in located in southwestern South Dakota and constitutes a 100%-owned strategic land position along the western extension of the Homestake-Wharf mining district that has produced approximately 52 million ounces of gold with another 30 million ounces in historical resources. The project area is in a safe jurisdiction with highly developed infrastructure, an unbroken 145-year record of continuous gold mining, a skilled mining workforce, and a history of high-grade, underground mineable gold deposits.