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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Registration No. 333- </B></P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C.&nbsp;&nbsp;20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>__________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM S-8</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REGISTRATION STATEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNDER THE SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SOLITARIO EXPLORATION &amp; ROYALTY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Exact Name of Registrant as Specified in
Its Charter)</I></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="color: black"><B>Colorado</B></FONT></TD>
    <TD STYLE="width: 52%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="color: black"><B>84-1285791</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="color: black"><I>(State of incorporation)</I></FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(I.R.S. Employer Identification No.)</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>4251 Kipling Street, Suite 390</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Wheat Ridge, Colorado 80033</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(303) 534-1030</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">(Address of Principal Executive
Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_____________________</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2013 Solitario Exploration &amp; Royalty
Corp. </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Omnibus Stock and Incentive Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><I>(Full Title of the Plan)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>_______________________<BR>
<BR>
</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Christopher E. Herald </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>President and Chief Executive Officer </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>4251 Kipling Street, Suite 390 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Wheat Ridge, Colorado 80033 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><I>(Name and address of
agent for service)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(303) 534-1030 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><I>(Telephone number, including
area code, of agent for service)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>_________________</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Copies to:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Clifford R. Pearl, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Peter F. Waltz, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Polsinelli PC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1515 Wynkoop, Suite 600</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Denver, Colorado 80220</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>(303) 572-9300(phone)
(303) 942-4135 (fax)</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &ldquo;large accelerated
filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule&nbsp;12b-2 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black">Large Accelerated Filer&nbsp;</FONT><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="color: black">Accelerated Filer&nbsp;</FONT><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD NOWRAP STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="color: black">Non-Accelerated Filer&nbsp;</FONT><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD NOWRAP STYLE="width: 29%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smaller Reporting Company </FONT><FONT STYLE="font-family: Wingdings">&#254;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">(Do not check if a smaller
reporting company)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 2.25pt double; font-size: 9pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>Title of Securities to be Registered</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt double; font-size: 9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 2.25pt double; font-size: 9pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>Amount to be Registered(1)</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt double; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-top: black 2.25pt double; font-size: 9pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>Proposed Maximum Offering Price Per Share(2)</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt double; font-size: 9pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>Proposed Maximum Aggregate Offering Price(2)</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt double; font-size: 9pt; text-align: center"><FONT STYLE="font-size: 9pt; color: black"><B>Amount of Registration Fee(2)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 20%; border-bottom: black 2.25pt double"><FONT STYLE="color: black">Common stock, par value $0.01 per share pursuant to:</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 3.3pt">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="width: 8%; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 3.3pt">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: black 2.25pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: black 2.25pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 25%; border-bottom: black 2.25pt double; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="border-bottom: black 2.25pt double"><FONT STYLE="color: black">2013 Solitario Exploration &amp; Royalty Omnibus Stock and Incentive Plan</FONT></TD>
    <TD STYLE="padding-bottom: 3.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="color: black">1,750,000</FONT></TD>
    <TD STYLE="padding-bottom: 3.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: center"><FONT STYLE="color: black">$0.93</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: center"><FONT STYLE="color: black">$1,627,500</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: center"><FONT STYLE="color: black">$221.99</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1)<B>&nbsp;</B>Pursuant to Rule&nbsp;416(a)
under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this registration statement also covers an indeterminate
number of additional shares of common stock issuable with respect to the shares being registered hereunder by reason of any stock
dividend, stock split, recapitalization or other similar transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(2)&nbsp;&nbsp;The proposed maximum aggregate
offering price of the registrant&rsquo;s common stock was calculated based upon the market value for shares of the common stock
in accordance with Rule&nbsp;457(c) and (h) under the Securities Act using the average of the high and low sales prices on the
NYSE MKT on&nbsp;July 31, 2013 per share of the common stock of the Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;<BR CLEAR="ALL" STYLE="page-break-before: always">
</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART&nbsp;I</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN THE SECTION&nbsp;10(a)&nbsp;PROSPECTUS</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The information specified
in Item&nbsp;1 and Item&nbsp;2 of this Part&nbsp;I is omitted in accordance with the provisions of Rule&nbsp;428 under the Securities
Act and the introductory note to Part&nbsp;I of Form S-8. The document(s) containing the information specified in this Part I will
be sent or given to participants in the 2013 Solitario Exploration &amp; Royalty Corp. Omnibus Stock and Incentive Plan in accordance
with Rule 428(b)(1) under the Securities Act. Such documents need not be filed with the Securities and Exchange Commission <FONT STYLE="color: black">(the
&ldquo;<B>SEC</B>&rdquo;) </FONT>either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant
to Rule 424 promulgated under the Securities Act. These document(s) and the documents incorporated by reference in this Registration
Statement pursuant to Item&nbsp;3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements
of Section&nbsp;10(a) of the Securities Act.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART II</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>ITEM 3.&nbsp;&nbsp;INCORPORATION OF DOCUMENTS BY REFERENCE.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The SEC allows us to incorporate
by reference information into this Registration Statement. This means we can disclose information to you by referring you to another
document we filed with the SEC. We will make those documents available to you without charge upon your oral or written request.
Requests for those documents should be directed to Solitario Exploration &amp; Royalty Corp. 4251 Kipling Street, Suite 390, Wheat
Ridge, Colorado 80033, Attention: Corporate Secretary, telephone: (303) 534-1030. This Registration Statement incorporates by reference
the following documents that we have filed with the SEC but have not included or delivered with this Registration Statement:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 100%">
<UL TYPE="DISC" STYLE="margin-top: 0in">

        <LI STYLE="margin: 0; text-align: justify; font-size: 11pt">Annual Report on Form 10-K for the fiscal year ended December 31, 2012
        and filed on March 18, 2013, as amended on May 21, 2013;</LI>
</UL>

        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
<UL TYPE="DISC" STYLE="margin-top: 0in">

        <LI STYLE="margin: 0; text-align: justify; font-size: 11pt">Quarterly Report on Form 10-Q for the quarter ended March 31, 2013
        and filed on May 9, 2013;</LI>
</UL>

        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>
<UL TYPE="DISC" STYLE="margin-top: 0in">

        <LI STYLE="margin: 0; font-size: 11pt">Current Reports on Form 8-K (other than information furnished rather than filed) filed on
        March 22, 2013, April 25, 2013, May 24, 2013, June 18, 2013, June 20, 2013 and July 19, 2013; and</LI>
</UL></TD></TR>
<TR>
    <TD STYLE="padding-left: 0.25in; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of our common stock contained in our registration statement on Form 8-A, which was filed<BR>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with the SEC on August 9, 2006, including any amendment or report filed for the purpose of updating such<BR>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;description.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are also incorporating
by reference all documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Securities Exchange
Act of 1934, as amended, after the date of this Registration Statement and prior to the filing of a post-effective amendment to
this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then
remaining unsold, other than any portion of the respective filings furnished, rather than filed, under the applicable SEC rules.
The additional<BR>
 </P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><BR>
information incorporated by reference is a part of this Registration Statement from the date of filing of those
documents.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Any statement contained
in a document incorporated by, or deemed incorporated by reference herein, shall be deemed to be modified or superseded for purposes
of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The information relating
to us contained in this Registration Statement should be read together with the information in the documents incorporated by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="text-transform: uppercase"><B>Item
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description of Securities.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0; text-indent: 0.5in">&nbsp;&#9;Not
required.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="text-transform: uppercase"><B>Item
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interests of Named Experts and Counsel.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">None.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="text-transform: uppercase"><B>Item
6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification of Directors and Officers.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Colorado Business Corporation
Act allows a corporation to indemnify its directors, officers, employees, fiduciaries and agents against liability in certain situations.
Our Articles of Incorporation authorize us to indemnify our directors to the fullest extent permitted by Colorado law.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Under the Colorado Business
Corporation Act indemnification would be mandatory with respect to a director or officer who was wholly successful in defense of
an action, suit or proceeding. As permitted by the Colorado Business Corporation Act and our By-laws, we will indemnify directors
and officers, and may indemnify employees, fiduciaries and agents, against reasonably incurred expenses, judgments, penalties,
fines and amounts paid in settlement reasonably incurred by them in connection with an action, suit or proceeding if it is determined
that they conducted themselves in good faith and that they reasonably believed (i) in the case of conduct in their official capacity,
that their conduct was in the company&rsquo;s best interests, or (ii) in all other cases (except criminal cases), that their conduct
was at least not opposed to the company&rsquo;s best interests, or (iii) in the case of a criminal proceeding, that they had no
reasonable cause to believe their conduct was unlawful. In proceedings brought by or in the right of the Company, indemnification
will be limited to reasonable expenses incurred in connection with the proceeding. No indemnification will be provided with respect
to any claim, issue or matter in connection with a proceeding by or in the right of the Company in which the person was adjudged
to be liable to the Company on in any proceeding charging that the person derived an improper personal benefit, whether or not
involving action in an official capacity, in which they were adjudged to be liable to the Company on the basis that they derived
an improper personal benefit. Additional indemnification may be provided to officers, employees, fiduciaries or agents if they
are not also directors, so long as such additional indemnification is provided for by general or specific action by the board of
directors or stockholders or by contract and would not be inconsistent with public policy</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 0.5in">Section 7-109-108
of the Colorado Business Corporation Act provides that a corporation shall have the power to purchase and maintain insurance on
behalf of its officers, directors, employees, fiduciaries and agents, against any liability asserted against and incurred by such
persons in any such capacity.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Section 7-108-403 of the
Colorado Business Corporation Act provides, among other things, that a director, who votes for or assents to an unlawful payment
of dividends or an unlawful stock purchase or redemption, may be held liable for such actions.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Section 7-108-402 of the
Colorado Business Corporation Act allows a Colorado corporation to eliminate or limit the personal liability of a director to the
corporation or to its shareholders for monetary damages for a breach of fiduciary duty as a director, except for liabilities arising
from any breach of the director&rsquo;s duty of loyalty to the corporation or its shareholders, from acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law, from any transaction from which the director derived
an improper personal benefit, or from any other act, omission or transaction as to which the Colorado Business Corporation Act
prohibits the elimination or limitation of liability. Our Articles contain a provision limiting director liability for monetary
damages for his or her conduct as a director.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 0.5in">Our directors and
officers are covered by insurance policies maintained by us against specified liabilities for actions taken in their capacities
as such, including liabilities under the Securities Act of 1933.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="text-transform: uppercase"><B>Item
7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption from Registration Claimed.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not applicable.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>ITEM 8.&nbsp;&nbsp;EXHIBITS.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The exhibits to this registration statement
are listed in the Exhibit Index that immediately precedes such exhibits and is incorporated herein by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><FONT STYLE="text-transform: uppercase"><B>Item
9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undertakings.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A. The undersigned registrant hereby undertakes:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(1)</TD><TD STYLE="text-align: justify">To file, during any period in which offers or sales are being made, a post-effective amendment
to this Registration Statement:</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 36pt">(i)</TD><TD STYLE="text-align: justify">to include any prospectus required by Section 10(a)(3) of the Securities Act;</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 99pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 36pt">(ii)</TD><TD STYLE="text-align: justify">to reflect in the prospectus any facts or events arising after the effective date of the Registration
Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC
pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum
aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement;
and</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 99pt; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 11pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">to include any material information with respect to the plan of distribution
not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>provided, however</I>, that paragraphs (1)(i)
and (1)(ii) above do not apply if information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the SEC by the<BR>
 </P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><BR>
Registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange
Act that are incorporated by reference in the Registration Statement;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(2)</TD><TD STYLE="text-align: justify">That, for the purpose of determining any liability under the Securities Act, each such post-effective
amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">(3)</TD><TD STYLE="text-align: justify">To remove from registration by means of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">B. The undersigned Registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s annual report pursuant
to Section&nbsp;13(a) or 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan&rsquo;s annual
report pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall
be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">C. Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to
the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is
against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;<BR CLEAR="ALL" STYLE="page-break-before: always">
<B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 19.8pt">Pursuant to the requirements
of the Securities Act of 1933, Solitario Exploration &amp; Royalty Corp., certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in Wheat Ridge, Colorado on August 1, 2013.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 19.8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 19.8pt"><B>&#9;&#9;SOLITARIO EXPLORATION
&amp; ROYALY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 19.8pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.85in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 2.75in; text-indent: 0.5in">By: <U>&#9;/s/ Christopher E. Herald&#9;</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-indent: 0.5in">Name: Christopher E. Herald</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 280.35pt; text-indent: -28.35pt">Title: President and Chief Executive
Officer</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"><FONT STYLE="font-size: 11pt">Each
of the undersigned whose signature appears below hereby constitutes and appoints</FONT> <FONT STYLE="font-size: 11pt">Christopher
E. Herald or James R. Maronick and each of them acting alone, his true and lawful attorneys-in-fact and agents, with full power
of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and any registration statement relating to the offering covered
by this Registration Statement and filed pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the Securities Exchange Commission, under the Securities Act
of 1933, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and
every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in
person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents or their substitute or substitutes may
lawfully do or cause to be done by virtue hereof.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: white; font-family: Times New Roman, Times, Serif">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 27%; font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black"><B>Signature</B> </FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 46%; font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black"><B>Title(s)</B> </FONT></TD>
    <TD STYLE="vertical-align: top; width: 27%; font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black"><B>Date</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: black"><U>/s/</U></FONT><U>Christopher E. Herald</U></P>
        Christopher E. Herald</TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">President, Chief Executive Officer and Director</FONT><BR>
<FONT STYLE="font-size: 11pt; color: black">(Principal Executive Officer)</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">July 31, 2013</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: black"><U>/s/ </U></FONT><U>James
        R. Maronick</U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">James R. Maronick</P></TD>
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Chief Financial Officer<BR>
        (Principal Financial Officer and Principal Accounting Officer)</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">July 31, 2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Mark E. Jones, III </U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Mark E. Jones, III</P></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">Director </FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">July 31, 2013</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Brian Labadie&#9; </U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><U>Brian Labadie</U></P></TD>
    <TD NOWRAP STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">Director</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">July 31, 2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt; color: black">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="font-size: 11pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Leonard Harris </U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Leonard Harris</P></TD>
    <TD NOWRAP STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">Director </FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">July 31, 2013</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><U>/s/ John Hainey </U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">John Hainey</P></TD>
    <TD NOWRAP STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">Director </FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt; color: black">July 31, 2013</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt; color: black"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-bottom: 1.1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit Description</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 8%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">4.1</P></TD>
    <TD STYLE="width: 1%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 88%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">2013 Solitario Exploration &amp; Royalty Corp.
Ominbus Stock and Incentive Plan, incorporated by reference to Exhibit 99.1 to the Company&rsquo;s Form 8-K filed on June 20,
2013.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">4.2</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">Form of Common Stock Certificate of Solitario Exploration &amp; Royalty Corp., incorporated by reference from Exhibit 4.1 to Solitario&rsquo;s Form 10-Q filed on August 7, 2008.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">5.1 </FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Opinion of Polsinelli PC, filed herewith</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">23.1 </FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Consent of EKSH LLLP, filed herewith</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">23.2 </FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">Consent of Polsinelli PC (included as part of Exhibit 5.1 of this Registration Statement)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">23.3 </FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">Consent of SRK Consulting (US), Inc., filed herewith</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid"><FONT STYLE="font-size: 11pt; color: black">24.1 </FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Power of Attorney (included on signature page of this Registration
        Statement)</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
</TABLE>


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[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "secsgml_size_bytes": 57577}]
{"company-data": {"conformed-name": "SOLITARIO EXPLORATION & ROYALTY CORP.", "cik": "0000917225", "assigned-sic": "1040", "irs-number": "841285791", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-190304", "film-number": "131002109"}, "business-address": {"street1": "4251 KIPLING STREET", "street2": "SUITE 390", "city": "WHEAT RIDGE", "state": "CO", "zip": "80033", "phone": "3035341030"}, "mail-address": {"street1": "4251 KIPLING STREET", "street2": "SUITE 390", "city": "WHEAT RIDGE", "state": "CO", "zip": "80033"}, "former-company": {"former-conformed-name": "SOLITARIO RESOURCES CORP", "date-changed": "20000711"}}
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
__________________
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
_________________
SOLITARIO EXPLORATION & ROYALTY CORP.
(Exact Name of Registrant as Specified in
Its Charter)
Colorado
84-1285791
(State of incorporation)
(I.R.S. Employer Identification No.)
4251 Kipling Street, Suite 390
Wheat Ridge, Colorado 80033
(303) 534-1030
(Address of Principal Executive
Offices)
_____________________
2013 Solitario Exploration & Royalty
Corp.
Omnibus Stock and Incentive Plan
(Full Title of the Plan)
_______________________
Christopher E. Herald
President and Chief Executive Officer
4251 Kipling Street, Suite 390
Wheat Ridge, Colorado 80033
(Name and address of
agent for service)
(303) 534-1030
(Telephone number, including
area code, of agent for service)
_________________
Copies to:
Clifford R. Pearl, Esq.
Peter F. Waltz, Esq.
Polsinelli PC
1515 Wynkoop, Suite 600
Denver, Colorado 80220
(303) 572-9300(phone)
(303) 942-4135 (fax)
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer
o
Accelerated Filer
o
Non-Accelerated Filer
o
Smaller Reporting Company
þ
(Do not check if a smaller
reporting company)
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be Registered(1)
Proposed Maximum Offering Price Per Share(2)
Proposed Maximum Aggregate Offering Price(2)
Amount of Registration Fee(2)
Common stock, par value $0.01 per share pursuant to:
2013 Solitario Exploration & Royalty Omnibus Stock and Incentive Plan
1,750,000
$0.93
$1,627,500
$221.99
(1)
Pursuant to Rule 416(a)
under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers an indeterminate
number of additional shares of common stock issuable with respect to the shares being registered hereunder by reason of any stock
dividend, stock split, recapitalization or other similar transaction.
(2)  The proposed maximum aggregate
offering price of the registrant's common stock was calculated based upon the market value for shares of the common stock
in accordance with Rule 457(c) and (h) under the Securities Act using the average of the high and low sales prices on the
NYSE MKT on July 31, 2013 per share of the common stock of the Registrant.
2
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information specified
in Item 1 and Item 2 of this Part I is omitted in accordance with the provisions of Rule 428 under the Securities
Act and the introductory note to Part I of Form S-8. The document(s) containing the information specified in this Part I will
be sent or given to participants in the 2013 Solitario Exploration & Royalty Corp. Omnibus Stock and Incentive Plan in accordance
with Rule 428(b)(1) under the Securities Act. Such documents need not be filed with the Securities and Exchange Commission
(the
"
SEC
")
either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant
to Rule 424 promulgated under the Securities Act. These document(s) and the documents incorporated by reference in this Registration
Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements
of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.
The SEC allows us to incorporate
by reference information into this Registration Statement. This means we can disclose information to you by referring you to another
document we filed with the SEC. We will make those documents available to you without charge upon your oral or written request.
Requests for those documents should be directed to Solitario Exploration & Royalty Corp. 4251 Kipling Street, Suite 390, Wheat
Ridge, Colorado 80033, Attention: Corporate Secretary, telephone: (303) 534-1030. This Registration Statement incorporates by reference
the following documents that we have filed with the SEC but have not included or delivered with this Registration Statement:
Annual Report on Form 10-K for the fiscal year ended December 31, 2012
        and filed on March 18, 2013, as amended on May 21, 2013;
Quarterly Report on Form 10-Q for the quarter ended March 31, 2013
        and filed on May 9, 2013;
Current Reports on Form 8-K (other than information furnished rather than filed) filed on
        March 22, 2013, April 25, 2013, May 24, 2013, June 18, 2013, June 20, 2013 and July 19, 2013; and
The description of our common stock contained in our registration statement on Form 8-A, which was filed
with the SEC on August 9, 2006, including any amendment or report filed for the purpose of updating such
description.
We are also incorporating
by reference all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange
Act of 1934, as amended, after the date of this Registration Statement and prior to the filing of a post-effective amendment to
this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then
remaining unsold, other than any portion of the respective filings furnished, rather than filed, under the applicable SEC rules.
The additional
3
information incorporated by reference is a part of this Registration Statement from the date of filing of those
documents.
Any statement contained
in a document incorporated by, or deemed incorporated by reference herein, shall be deemed to be modified or superseded for purposes
of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
The information relating
to us contained in this Registration Statement should be read together with the information in the documents incorporated by reference.
Item
4.           Description of Securities.
Not
required.
Item
5.           Interests of Named Experts and Counsel.
None.
Item
6.           Indemnification of Directors and Officers.
The Colorado Business Corporation
Act allows a corporation to indemnify its directors, officers, employees, fiduciaries and agents against liability in certain situations.
Our Articles of Incorporation authorize us to indemnify our directors to the fullest extent permitted by Colorado law.
Under the Colorado Business
Corporation Act indemnification would be mandatory with respect to a director or officer who was wholly successful in defense of
an action, suit or proceeding. As permitted by the Colorado Business Corporation Act and our By-laws, we will indemnify directors
and officers, and may indemnify employees, fiduciaries and agents, against reasonably incurred expenses, judgments, penalties,
fines and amounts paid in settlement reasonably incurred by them in connection with an action, suit or proceeding if it is determined
that they conducted themselves in good faith and that they reasonably believed (i) in the case of conduct in their official capacity,
that their conduct was in the company's best interests, or (ii) in all other cases (except criminal cases), that their conduct
was at least not opposed to the company's best interests, or (iii) in the case of a criminal proceeding, that they had no
reasonable cause to believe their conduct was unlawful. In proceedings brought by or in the right of the Company, indemnification
will be limited to reasonable expenses incurred in connection with the proceeding. No indemnification will be provided with respect
to any claim, issue or matter in connection with a proceeding by or in the right of the Company in which the person was adjudged
to be liable to the Company on in any proceeding charging that the person derived an improper personal benefit, whether or not
involving action in an official capacity, in which they were adjudged to be liable to the Company on the basis that they derived
an improper personal benefit. Additional indemnification may be provided to officers, employees, fiduciaries or agents if they
are not also directors, so long as such additional indemnification is provided for by general or specific action by the board of
directors or stockholders or by contract and would not be inconsistent with public policy
Section 7-109-108
of the Colorado Business Corporation Act provides that a corporation shall have the power to purchase and maintain insurance on
behalf of its officers, directors, employees, fiduciaries and agents, against any liability asserted against and incurred by such
persons in any such capacity.
4
Section 7-108-403 of the
Colorado Business Corporation Act provides, among other things, that a director, who votes for or assents to an unlawful payment
of dividends or an unlawful stock purchase or redemption, may be held liable for such actions.
Section 7-108-402 of the
Colorado Business Corporation Act allows a Colorado corporation to eliminate or limit the personal liability of a director to the
corporation or to its shareholders for monetary damages for a breach of fiduciary duty as a director, except for liabilities arising
from any breach of the director's duty of loyalty to the corporation or its shareholders, from acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law, from any transaction from which the director derived
an improper personal benefit, or from any other act, omission or transaction as to which the Colorado Business Corporation Act
prohibits the elimination or limitation of liability. Our Articles contain a provision limiting director liability for monetary
damages for his or her conduct as a director.
Our directors and
officers are covered by insurance policies maintained by us against specified liabilities for actions taken in their capacities
as such, including liabilities under the Securities Act of 1933.
Item
7.           Exemption from Registration Claimed.
Not applicable.
ITEM 8.  EXHIBITS.
The exhibits to this registration statement
are listed in the Exhibit Index that immediately precedes such exhibits and is incorporated herein by reference.
Item
9.           Undertakings.
A. The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment
to this Registration Statement:
(i)
to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
to reflect in the prospectus any facts or events arising after the effective date of the Registration
Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
and
(iii)
to include any material information with respect to the plan of distribution
not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
provided, however
, that paragraphs (1)(i)
and (1)(ii) above do not apply if information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the SEC by the
5
Registrant pursuant to Section 13 or Section 15(d) of the Exchange
Act that are incorporated by reference in the Registration Statement;
(2)
That, for the purpose of determining any liability under the Securities Act, each such post-effective
amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.
B. The undersigned Registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant
to Section 13(a) or 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall
be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering thereof.
C. Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to
the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is
against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
6
SIGNATURES
Pursuant to the requirements
of the Securities Act of 1933, Solitario Exploration & Royalty Corp., certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in Wheat Ridge, Colorado on August 1, 2013.
SOLITARIO EXPLORATION
& ROYALY CORP.
By:
/s/ Christopher E. Herald
Name: Christopher E. Herald
Title: President and Chief Executive
Officer
Each
of the undersigned whose signature appears below hereby constitutes and appoints
Christopher
E. Herald or James R. Maronick and each of them acting alone, his true and lawful attorneys-in-fact and agents, with full power
of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and any registration statement relating to the offering covered
by this Registration Statement and filed pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the Securities Exchange Commission, under the Securities Act
of 1933, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and
every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in
person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents or their substitute or substitutes may
lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.
Signature
Title(s)
Date
/s/
Christopher E. Herald
Christopher E. Herald
President, Chief Executive Officer and Director
(Principal Executive Officer)
July 31, 2013
/s/
James
        R. Maronick
James R. Maronick
Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)
July 31, 2013
/s/ Mark E. Jones, III
Mark E. Jones, III
Director
July 31, 2013
/s/ Brian Labadie
Brian Labadie
Director
July 31, 2013
/s/ Leonard Harris
Leonard Harris
Director
July 31, 2013
/s/ John Hainey
John Hainey
Director
July 31, 2013
7
EXHIBIT INDEX
Exhibit No.
Exhibit Description
4.1
2013 Solitario Exploration & Royalty Corp.
Ominbus Stock and Incentive Plan, incorporated by reference to Exhibit 99.1 to the Company's Form 8-K filed on June 20,
2013.
4.2
Form of Common Stock Certificate of Solitario Exploration & Royalty Corp., incorporated by reference from Exhibit 4.1 to Solitario's Form 10-Q filed on August 7, 2008.
5.1
Opinion of Polsinelli PC, filed herewith
23.1
Consent of EKSH LLLP, filed herewith
23.2
Consent of Polsinelli PC (included as part of Exhibit 5.1 of this Registration Statement)
23.3
Consent of SRK Consulting (US), Inc., filed herewith
24.1
Power of Attorney (included on signature page of this Registration
        Statement)