Solomon to resume exploring COL-Magnet June 19

2008-06-11 09:36 ET - News Release

Mr. Randy Rogers reports

SOLOMON RESOURCES LIMITED - NEWS RELEASE: EXPLORATION TO RESUME ON COL-MAGNET PROPERTY

Solomon Resources Ltd.'s exploration on its COL-Magnet copper-gold porphyry project will resume June 19, 2008, located in the Quesnel trough in north-central British Columbia, approximately 75 kilometres north of Fort St. James.

Background

The COL-Magnet project, located within the highly prospective late Jurassic to early Cretaceous Hogem batholith, is located 45 kilometres northwest of the Mount Milligan copper-gold deposit, and is geologically similar in both regional setting and mineralogy to the Kwanika project of Serengeti Resources Inc., located 35 kilometres to the northwest.

The COL-Magnet property was first explored in the early 1970s by Falconbridge Nickel Mines Ltd., which reported drill intercepts of up to 45.7 metres grading 0.84 per cent copper (DDH 71-13) in the A zone (see news in Stockwatch on Dec. 12, 2006).

Solomon optioned the COL property on Dec. 12, 2006, from Indata Resources Ltd. and Nation River Resources Ltd., of Courtenay, B.C. Subsequently, it 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.

Summary of 2007 exploration program

Solomon completed 14 diamond drill holes for a total of 2,564 metres of NQ2 core in a 2007 program both to confirm and expand historical mineralization, and to test attractive copper-in-soil geochemical anomalies and encouraging trench sampling results from widely separated locations within the claim boundaries.

The 2007 drilling of the A zone returned a grade of 0.60 per cent copper over a true width of 25 metres and indicated a downdip extent of approximately 225 metres. Drilling to the west along strike found the A zone to weaken both near surface and at depth. Drilling of the A zone along strike to the east remains to be undertaken and is a prime target to be followed up on (see news in Stockwatch on Jan. 21, 2008)

Solomon's 2007 exploration work also located and further defined several widely separated mineralized areas, including the Campbell trench zone, the Bug zone and the Slide zone. In addition, several areas of anomalous copper-molybdenum soil geochemical values were outlined for future exploration, including the Sleeper copper-molybdenum anomaly, which crosscuts the A zone, and an unnamed 400-metre by 4,000-metre northwest-trending zone of moderately anomalous copper-molybdenum soil geochemical values.

Current exploration program

The 2008 work program, budgeted at $435,000, will include 1,500 metres of diamond drilling, geological mapping and prospecting, as well as rock, soil and stream geochemical surveys.

Solomon's president, Randy Rogers, observed: "The 2008 drill program at the COL-Magnet project is designed to follow up encouraging results obtained in last year's exploration program. This portion of the Quesnel trough remains an attractive target for alkalic porphyry copper deposits and Solomon's current program will provide us a greater understanding of the nature and extent of mineralization within our project boundaries."

Solomon is also pleased to announce it has signed a 1,500-metre NQ2 drilling contract with Atlas Diamond Drilling Ltd. of Kamloops, B.C. Drilling is planned to commence July 5, 2008.

Qualified person

Mr. Rogers, MSc, PGeol, a qualified person for the purposes of National Instrument 43-101, and the president and chief operating officer of Solomon, has verified the data disclosed herein, including sampling, analytical and test data. Mr. Rogers has 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, B.C., 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.

We seek Safe Harbor.