| Solomon Completes Geophysics Program and Confirms Drill |
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Vancouver, Canada, August 8, 2005 Solomon Resources Ltd. (SRB:TSX-V) today announced the results of ground geophysics surveys from the Bayantsagaan Gold Project in north central Mongolia. The project is located 35 km southwest of the Boroo Gold Mine which is operated by Centerra Gold. The style of gold mineralization and alteration at Bayantsagaan is similar to the Boroo deposit (10.2 Mmt @ 3.52 g/t Au, 1.16 M oz). The Bayantsagaan project covers 5,648 hectares, and has excellent infrastructure and access. The ground geophysics program commenced in late June (Solomon News Release dated June 22, 2005) to evaluate the distribution of gold mineralization which may occur with sulphide minerals, that can be detected by this type of survey. Solomon can earn a minimum 80% interest in Bayantsagaan, and 19 additional projects, from Gallant Minerals Ltd. Historic work by a joint Mongolian-Hungarian geological expedition identified a chargeability anomaly, that coincided with areas of gold mineralization at surface. The joint expedition completed four vertical diamond drill holes along the north end of the chargeability anomaly. Drill logs and assays reported significant gold mineralization and alteration . Historic assays results contained strongly anomalous gold values, which have not been confirmed with modern analyses, due to the absence of the historic drill cores. Solomon completed a ground magnetics and gradient array induced polarization survey covering 50 line kilometres of grid, to evaluate the distribution and relative concentration of sulphide minerals. The survey utilized 100m spaced grid lines, covering an area of five square kilometers. The survey results have confirmed the presence of a strong chargeability anomaly that coincides with areas of outcropping gold mineralization, identified by the historic geological expedition and confirmed by recent Gallant surface sampling. The chargeability anomaly also coincides with the location of historic mineralized drill holes. Solomon completed four lines (8 km) of dipole-dipole induced polarization surveys to evaluate the shape and depths of the strongest chargeability zones. The main chargeability anomaly from gradient I.P. data is over 1000m along strike and 500m in width. The attached map covers the main target area of the survey, and shows the imaged gradient array chargeability data, with the locations of the historic drill holes, and gold values from recent samples collected and analysed by Gallant. Rock sample analyses are primarily from grab samples and chip samples collected from outcrops and trenches. The areas contains a small percentage of outcrop (<20%), because much of the area is covered by transported surface material (soils, alluvium, and talus). These results indicate the area has good potential to host a significant gold deposit, based on the size of the chargeability anomaly, and its proximity to surface. The average gold content of the chargeability zone is not known, but will be evaluated with drilling.
Qualified Person under National Instrument 43-101 Forward Looking Statements About Solomon Resources Ltd. For additional information visit Solomons website at www.solomonresources.ca.
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