SRB

Solomon Resources Limited (TSX VENTURE:SRB) is pleased to report that it has
received the results of its 2011 geochemical and geophysical surveys on the Ten
Mile Creek Gold Project. Plans are underway for a comprehensive 3000 meter
diamond drilling and reverse circulation drilling program in the 2012 field
season.


The gold in soil geochemical anomalies on the property are far more extensive
than originally believed and now extend over an area 2700 meters by 3880 meters
in size with values up to 1436 parts per billion (ppb) gold (or 1.436
grams/tonne gold). The compelling linearity of these anomalies together with the
results of the airborne geophysical survey completed in 2011 suggests that the
Jual Vein System (the gold in quartz vein and stockwork system exposed on the
northernmost JV Claim Group) is actually the easternmost expression of a much
larger structurally controlled gold system that dominates the central portion of
the JV Claims.


Solomon's 2011 exploration program included 2059 soil geochemical samples and
296 line kilometers of airborne geophysical survey directed at identifying
possible extensions to the Jual Vein System which returned trench results of 1.6
grams/tonne (g/t) gold over 25 meters (including 11.1 g/t gold over three
meters) and 1.0 g/t gold over 19 meters (including 8.5 g/t over 1.5 meters) and
other mineralized zones on the property.


The airborne radiometric survey clearly demonstrates the limits of the biotite
quartz monzonite intrusive stock which underlies the margins of the JV Claims.
Further analysis shows that the large gold in soil anomaly on the JV Claims is
flanked by multiple strong north-northwest trending linear magnetic elements
which are in places cut and displaced by an east-west cross-fabric, suggesting
the presence of fault offset and dilation zones that may host bonanza grade
mineralization.


The strike extensions of the these linear geochemical and geophysical features
provide a compelling correlation between gold mineralization in the Jual-Val
Vein System and the placer gold mining operation on Ten Mile Creek. Ten Mile
Creek has been actively mined for placer gold since 1898 and the coarse angular
nature of the gold together with the predominance of quartz matrix suggests that
the gold being recovered in the sluice boxes has not travelled far from source.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/SRB-0229-FIG1.pdf.


The Ten Mile Creek Gold Project consists of 309 mineral claims in the Dawson
Mining District of the Yukon Territory approximately 30 kilometers
north-northwest of the White Gold Property of Kinross Gold Corp. and 60
kilometers north of the Coffee Gold Project of Kaminak Gold Corp. The Property
includes the northernmost JV Claim Group and the southernmost Ten Claim Group
(see Figure 2: http://media3.marketwire.com/docs/SRB-0229-FIG2.pdf)


Solomon is now in the final year of a three year option agreement with Rackla
Metals Inc. to earn a 51% interest in the entire property.


Solomon President and CEO Randy Rogers notes: "The linear magnetics on the JV
Claims not only coincide with highly anomalous gold soil geochemistry and the
Jual Vein System, but also line up to a great extent with deeply incised
tributaries of Ten Mile Creek where placer gold has been recovered for over 100
years. We believe these linears represent structural breaks adjacent to the
intrusive in which gold bearing fluids have circulated and in which subsequent
faulting may have created dilation zones favourable for gold deposition. Similar
structural regimes exist at the White Gold property of Kinross Gold Corporation
and at the Coffee Project of Kaminak Gold Corp."


Solomon will conduct 3000 meters of combined diamond and reverse circulation
drilling at the Ten Mile Gold Project in the 2012 field season, together with
expanding the soil geochemical grid on the Ten Claims to highly prospective
areas where the airborne geophysics suggests a continuation of structures from
the JV Claims. To date the Company has collected 4509 soil geochemical samples
from the Ten Mile Creek Gold Project, and a further 2,000 samples are proposed
for the 2012 field season.


To view Figure 3, please visit the following link:
http://media3.marketwire.com/docs/SRB-0229-FIG3.pdf


This update relies to a great extent on maps and diagrams illustrating the
results of the exploration program and readers whose newswire service does not
support graphics are encouraged to view this news release and our current
corporate powerpoint presentation at www.solomonresources.ca.


To view Figure 4, please visit the following link:
http://media3.marketwire.com/docs/SRB-0229-FIG4.pdf


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 for this project was conducted by ALS Minerals - 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.



Qualified Person:

Randy Rogers, M.Sc., P.Geo. 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 Executive Officer of
Solomon, has verified the data disclosed herein by direct supervision of the
exploration programs of the Company, review of historical reports and has
approved the written disclosure contained in this news release.


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 worldwide. Solomon is
managed by a proven team of exploration geologists involved with the discovery
and development of a number of significant mineral deposits including the Snip
and Eskay Creek deposits in British Columbia and the Brewery Creek deposit in
the Yukon Territory.


Solomon's business model is that of a Project Generator. To build shareholder
value, the Company intends to acquire highly prospective mineral tenures in
stable jurisdictions with the objective of adding value through grassroots
exploration and target refinement and then seeking option or joint venture
partners through to production.


The Project Generator model is particularly suited to the Company's ongoing
interest in the Yukon Territory where we have a wealth of intellectual capital
and experience.

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