Solomon Terminates Barros Luco Property Option in Chile

Solomon Resources Limited (Solomon) reports that it is terminating its option of the Barros Luco and Rey Salomon claims that form part of its Annie Project in Region III in Chile. This follows on Solomon being informed by its partner, Peregrine Diamonds Ltd. (Peregrine), a private Vancouver, BC company that Peregrine is terminating its option of the entire Annie Project from Solomon. Solomon continues to hold the Santa Candelaria and Annie properties.

Solomon Resources Limited (Solomon) reports that it is terminating its option of the Barros Luco and Rey Salomon claims that form part of its Annie Project in Region III in Chile. This follows on Solomon being informed by its partner, Peregrine Diamonds Ltd. (Peregrine), a private Vancouver, BC company that Peregrine is terminating its option of the entire Annie Project from Solomon.

Solomon continues to hold the Santa Candelaria and Annie properties. Peregrine drilled three reverse circulation holes on the Barros Luco claims. Visual inspection of the cuttings showed that low to absent magnetite and pyrite mineralization and zones of albite-epidoteamphibole were encountered, but no significant copper mineralization.

Drilling was designed to test a variety of chargeability highs and lows associated with magnetic anomalies on lines UTM 6938400N and 6936800N.

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

On Behalf of the Board of Directors of

SOLOMON RESOURCES LIMITED

Ron Netolitzky", Director

Contact Information:

Larry Nagy, CEO:

Phone: 604-669-6656

Fax: 604-684-9877

Email: info@solomonresources.ca

Trading Symbol: TSX-Ven.SRB

###