First Stage of Diamond Drilling Completed at Goldcreek

Preliminary Assays Received - Further Exploration Planned

December 24th, 2008 Trading Symbol: TSX-V.SRB

Armstrong, BC – Wednesday. December 24th, 2008. Solomon Resources Limited (SRB: TSX-V) is pleased to report that the diamond drill program at the Goldcreek Archean Gold – Volcanogenic Massive Sulphide Project approximately 70 kilometers West of Thunder Bay, Ontario has been completed for the 2008 field season. The diamond drill program commenced on November 4th, 2008 and was concluded on December 12th, 2008. A total of 13 drill holes comprising 2,212 meters were completed in this period.

Background:

Solomon has signed a Letter of Intent with Mengold Resources Inc. (MNI: TSX.V) to earn up to a 50% interest in the 90 contiguous claims of the Goldcreek Property which cover 17,248 hectares in Conacher, Duckworth, Horne, Laurie and Sackville Townships.

Solomon can earn up to a 50% interest in the Property by

(i) conducting an exploration program over three years totalling $ 5,400,000, which will include 24,000 meters of diamond drilling;

(ii) making a $100,000 cash payment to Mengold Resources Inc.;

(iii) issuing common shares of Solomon to Mengold worth $ 375,000 over three years with the initial $ 50,000 tranche satisfied by the issuance of 385,000 shares at a deemed value of $ 0.13 per share.

If Solomon chooses to earn less than a 50% interest, Mengold will have a 120 day option to repurchase the interest earned. Solomon will be the Operator of the Project for the three years of the earn-in period throughout which Mengold will be retained as Project Manager. At the conclusion of the earn-in period, a joint venture for the future development of the property will be formed with Mengold as the Operator and consideration will be given to forming a new company with proportionate ownership by Solomon and Mengold to advance the project.

The Property is subject to a 3% net smelter return royalty in favour of third parties.

2008 Exploration Program:

Assay results are pending for most of the drilling completed this season, but analyses of rush samples have from the “I” Zone have now been received, where bonanza grade gold values were observed in quartz stockworking in auriferous syenite dikes during Solomon’s due diligence examination of the property. Drill hole DDHGC-08-11 returned 6.8 grams per tonne gold over 4.3 meters and hole DDHGC-08-12 returned 1.5 grams per tonne gold over a 12.5 meter interval. Selected samples have been reanalyzed for quality control purposes.

In the Central Zone, numerous massive sulphide horizons were intersected and assay results are awaited. Final analytical results should be available in early January 2009.

Drilling for the 2008 field season was conducted with a CS-10 diamond drill and exploration crews were based out of a temporary camp established on the property. A temporary bridge was erected to facilitate access to the Central Zone.

Eight holes totalling 1212 meters were drilled in the “I” Zone in the vicinity of that had been stripped and sampled during previous exploration. The dykes and or structures were generally intersected at depth where anticipated, but continuity at depth proved to be problematic and the drilling results will be re-evaluated against known structural and geological information prior to further investigation of the “I” Zone being conducted.

Five drill holes totalling 1,000 meters were completed in the Central Zone. The first four holes were drilled in the western part of the zone in “Grid A” and one hole was drilled in “Grid B” located in the eastern part of the Zone. Targets were selected using the ground and airborne geophysical data as well as preliminary humus geochemical soil survey data. The preliminary drilling results coincided well with the known geophysical anomalies, suggesting the presence of sulphide rich zones.

Further Exploration Planned:

The Goldcreek Option remains a very attractive target for gold and base metals in a relatively unexplored Archean greenstone belt, and Solomon intends to resume drilling and surface exploration on this property with Joint Venture partner Mengold Resources Inc. at the next available opportunity.

The Company has a number of attractive projects under consideration in Ontario for future exploration programs, and these are at the preliminary stage of negotiations with the companies and individuals holding tenure.

Qualified Person:

Randy Rogers, M.Sc., P.Geol. a “Qualified Person” for the purposes of National Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian Securities Administrators, and the President and Chief Operating Officer of Solomon, has verified the data disclosed herein including sampling, analytical and test data and supervised the preparation of the information that forms the basis of the disclosure contained in this news release.

QA/QC:

Solomon has implemented quality assurance and quality control measures in its exploration programs, including the following:

• All field and data analysis work is carried out under the supervision of qualified Solomon geologists and geophysicists in accordance with procedures developed to conform to current ‘best practices’ in mineral exploration.

• Analytical work has been conducted in certified labs, including Activation Laboratories Ltd. in Ontario, Canada, and ALS Chemex in North Vancouver, Canada.

• In addition to internal checks and standards provided by the labs, Solomon includes blind standard, duplicate and blank samples. All analytical sample checks and standards are within reasonable limits of error.

Forward Looking Statements:

Some of the statements in this news release may contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon. Actual results may differ materially from those currently anticipated in such statements.

About Solomon Resources Ltd.:

Solomon Resources Ltd. is a Canadian public company focused on the acquisition, exploration and development of quality mineral properties world wide. Solomon is managed by a proven team of exploration geologists involved with the discovery and/or development of a number of significant deposits in the world, including the Snip, Eskay Creek, and Brewery Creek deposits in Canada; the Segala gold deposit in Mali; the Chimney Creek, Mule Canyon, Ruby Hill, Mesquite, and Ortiz gold deposits in the United States, the Gosowong deposit in Indonesia and the Cadia East deposit in Australia.

Solomon is currently focused on the exploration of Archean gold-volcanogenic massive sulphide and other previous and base metal projects in Ontario, a coal project in British Columbia, a tin project in Alaska and uranium projects in Mongolia. Solomon’s shares trade under the banner SRB on the TSX Venture Exchange (TSX-V).

For additional information visit Solomon’s website at www.solomonresources.ca or contact either:

Randall S. Rogers, President and Chief Operating Officer

Phone: 250-546-4772

Email: [email protected]

Lawrence J. Nagy, Chairman and Chief Executive Officer

Phone: 250-546-4772

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.