Unit 3 – 2860 Smith Drive, Armstrong, British Columbia, V0E 1B1, CANADA

Telephone (250) 546-4772 Telecopier (250) 546-6656

Web Site: www.solomonresources.ca

NEWS RELEASE

Solomon Reports Results of 2008 Exploration Program at COL-Magnet Property in British Columbia

Intersection of 30 Meters of 0.43 % Copper and 0.51 Grams/Tonne Gold in Diamond Drill Hole DDH-2008-1

September 3rd 2008 Trading Symbol: TSX-V.SRB

Armstrong, BC – Wednesday September 3rd 2008. Solomon Resources Limited (SRB: TSX-V) has completed the 2008 exploration program on the Col-Magnet Copper - Gold Porphyry Project located 140 kilometers north and west of Fort St. James, British Columbia.

Background:

The Col-Magnet Property is located 45 kilometers northwest of the Mt. Milligan Copper-Gold Deposit and is geologically similar in both regional setting and mineralogy to the Kwanika Project of Serengeti Resources Inc. located 35 kilometers to the northwest.

Solomon optioned the Col-Magnet Property on December 12th, 2006 from Indata Resources Ltd. and Nation River Resources Ltd. and has acquired additional prospective ground to the east and west of the option area. Solomon has met required exploration commitments and maintained the property in good standing as contemplated by the option agreement.

During the 2007 exploration season, the property was explored with an aeromagnetic survey, extensive soil geochemical surveys, stream sediment surveys, geological mapping and drilling of 14 diamond drill holes totalling 2,500 meters.

2008 Exploration Program:

Five targets were identified for diamond drilling in 2008.

A drill program comprising 1,043 meters of “NQ” series diamond drilling in eight holes was completed on five discrete drill targets:

· The VG Showing targeted the original Campbell trench area which had reported copper values of 4.88% and gold values of 2.4 grams/tonne in historical rock samples. This area was also identified in the 2007 program as an EM geophysical anomaly;

· The Sleeper Copper-Molybdenum North Pluton, which had been identified by 2007 program soil geochemistry as containing 854 ppm (parts per million) copper, and 25 ppm molybdenum;

· The East Tackla Site which targeted a 2007 EM geophysical anomaly as well as soil geochemistry values of 2089 ppm copper;

· The Sleeper Pluton, also a 2007 program EM geophysical anomaly;

· The East Ridge, identified by the airborne survey as being a magnetic high, and localised copper-gold soil anomalous values of 412 ppm copper and 23 ppb (parts per billion) gold.

The best intersection in the 2008 diamond drill program was from the VG showing where DDH-2008-1 intersected 0.43 % copper and 0.51 grams/tonne gold from 17.0 meters to 47.0 meters depth (a 30 meter intersection.) This mineralization was found within highly potassic altered dykes hosted in biotite-hornblende monzonite. Sulphides consist of bornite, pyrite and minor chalcopyrite.

Analysis:

Drilling by Solomon in 2007 reported an intersection of 0.60% copper and 0.14 to 0.32 grams/tonne gold in the “A Zone” over a true width of 25 meters, with a down dip extent of more than 180 meters. (Solomon News Release dated January 21st, 2008.) DDH 2008-1 is located approximately 1 kilometer from the “A Zone” along a separate sub-parallel structural trend.

Solomon’s President Randy Rogers observed: “The similarity in geological and regional setting to the nearby Mt. Milligan deposit of Terrane Metals Corp. with published reserves of 334 million tonnes averaging at 0.217% copper and 0.428 grams per tonne gold (Terrane Feasibility Study - Technical Report dated April 14th, 2008) suggest that the Col-Magnet Property may still offer exploration potential. The results of our 2008 program suggest that the mineralization on this property is localized and extremely complex, and Solomon will be making a decision regarding our ongoing interest in the property in the near future.”

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 by Global Discovery Labs of Vancouver, British Columbia, a certified analytical laboratory.

· In addition to internal checks and standards provided by the labs, Solomon includes blind 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 copper-gold projects in British Columbia and 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:

Lawrence J. Nagy, Chairman and Chief Executive Officer

Phone: 250-546-4772

Randall S. Rogers, President and Chief Operating Officer

Phone: 250-558-8952

Email: [email protected]