Solomon Exploration Update:

Vancouver, Canada, January 19, 2007 – Solomon Resources Ltd. (SRB: TSX-V) is pleased to provide the following update on exploration activities on its Bowron Basin Coal Project, Mongolia copper-gold and uranium projects and Bombore project.

BOWRON BASIN COAL PROJECT
Solomon has contracted Moose Mountain Geotechnical Services of Elkford, BC to compile and model all available historic data from its 100% owned Bowron coal deposit in preparation of a planned drill program. The drill program will help to facilitate the completion of a 43-101 compliant coal resource and provide some indication of the coal bed methane gas potential of the deposit. Solomon anticipates drilling up to four holes totalling 2,000 metres at Bowron in 2007.

MONGOLIA
Solomon’s exploration staff in Mongolia has completed a very busy and successful 2006 field season. While Solomon’s 2006 efforts were primarily focused on the KY copper-gold skarn at its Chandmani Property (reported September 6 and December 11, 2006), work was also completed at Bayantsaagan, the Airag and Matad uranium prospects and reviewing numerous property submittals, including the Zamtiin Gol uranium prospect which has Solomon acquired (new release Nov. 30, 2006).

Chandman: KY Copper-Gold Skarn Prospect – Western Mongolia
In addition identifying the high grade Chandman KY copper-gold skarns in 2006, Solomon geologists also outlined a significant preliminary gold in soil geochemical anomaly associated with the KY porphyry granite stock located roughly 1.6 km to the north. Gold in soils from three 200 m spaced grid controlled lines placed over the roughly 1 km diameter oval KY granite stock produced 16 of 53 samples grading
over 0.25 ppm gold, including 2 samples grading 1.65 ppm and 2.19 ppm gold (see attached figure). Mineralization identified to date is limited to local pyrite-chalcopyrite-malachite-azurite occurrences associated with quartz veining and weak to moderate silica-chlorite alteration. A total of 23 rock grab samples were collected averaging 0.16ppm gold (maximum 2.45ppm Au), and 0.1% copper (maximum 0.4%Cu).

Bayantsagaan Gold Property – Central Mongolia
The Bayantsagaan gold property, located an hour drive north on paved highway road from Ulaanbaatar, was the subject of limited, test geochemical soil (4 lines; 64 samples total) and stream sediment (28 samples) surveys in the 2006 field season.

The soil sample results were encouraging, with three stations returning results between 30 and 50 ppb gold, identifying a new potential gold zone roughly 3.5 km southwest of drill hole BT05-08 along on the Sujegtei Fault linear. A total of three test survey soil lines were completed at roughly 1.5 kilometre spacing across the southwest projected extension of the Sujegtei Fault Zone. An additional line was also completed roughly one kilometre south of the Bayantsaagan Zone. A larger, complete grid controlled soil survey is planned for 2007. Samples could not be collected at 16 of the 80 total sites planned due to excessive thicknesses of clay. A complete suit of elements by ICP analysis completed by ALS Chemex in North Vancouver is currently being compiled. Stream sediments survey results for gold were less successful, although compilation of the full ICP analysis is also pending.

In October, Solomon also contracted Geomaster Geophysics of Mongolia to complete 33.8 line-kilometres of real-time differential GPS controlled, total field magnetic and gradient IP/resistivity geophysical ground surveys. Both surveys were over extensions of the Sujegtei Zone and Bayantsaagan Zone to the southwest and south, respectively. The geophysical survey data is currently being processed by SJ Geophysics of Vancouver, BC.

Matad 1& 2 and Airag 1, 2 & 3 Uranium Properties
Solomon geophysical crews completed detailed truck-mounted ground spectrometer surveys of its whollyowned Matad 1 & 2 and Airag 1, 2 & 3 uranium properties located within a large Cretaceous basin structures, 860 km east and 380 km southeast, respectively of Ulaanbaatar in Mongolia.

Results of a ground spectrometric survey of the Airag 3 property indicate a small, 200 metre by 300 metre uranium anomaly averaging a calculated uranium equivalent content of 15 parts per million (ppm) that is coincident with a 1987 Soviet-era airborne anomaly (Anomaly No. 748). The anomaly is coincident with the southern portion of a northwest trending fault structure where it transects through rhyolitic rocks of
undetermined age. Although of limited size, Solomon crews plan to test pit the anomaly area in the up coming weeks.

Two small uranium anomalies were outlined at Matad 2. The first weak anomaly averages a calculated uranium equivalent content of 35 parts per million (ppm) uranium over a 50 metre by 500 metre area underlain by fossil bearing limestone. The second anomaly, hosted in Cretaceous intermediate volcanics, averages a calculated uranium equivalent content of 25 parts per million (ppm) uranium over a 50 metre
diameter area.

No significant results were obtained from spectrometric surveys of the Matad 1, Airag 1 or Airag 2  properties and no further work is planned. The 2006 field work included detailed ground auto-gamma-ray spectrometer surveys of the entire property areas using a Pico GRS-2 spectrometer.

Release of Gallant Properties
During 2006, Solomon also conducted reviews and field visits at all the properties held under the Gallant agreement. Solomon has subsequently relinquished a number of properties back to Gallant, including: Onon, Bosoo Khar, Oyut Ovoo and Zos Uul.

BOMBORE PROJECT, BURKINA FASO
Solomon and partner Channel Resources Ltd. have been formally advised by Orezone Resources Inc. that it has earned its 50% interest in the project having met and exercised the requirements its option agreement, having spent US$1.7 million before January 17, 2007. The Orezone expenditures are based on a recent drilling program work that focused on defining the several known higher grade horizons within the Bombore Permit. Orezone can earn a 70% interest by completing a bankable feasibility study. The remaining 30% interest may be then purchased by Orezone for US$1 million, subject to a 1% Net Smelter Return royalty. Solomon’s interest is now reduced from 45% to 22.5%.

Qualified Person under National Instrument 43-101
David Tupper, P.Geol. a ‘qualified person’ for the purposes of National Instrument 43-101, has verified the data disclosed, including sampling, analytical and test data, contained in and supervised the preparation of this news release.

QA/QC
Solomon has implemented quality assurance and quality control measures in its exploration programs, including the following:

• All field work is carried out under the supervision of Solomon geologists in accordance with procedures developed to conform to NI43-101.
• All sample preparation and gold and copper (plus select zinc, lead & uranium) analytical work is being completed at SGS Analabs Pty. Ltd. in Ulaanbaatar, and accredited Australia laboratory. In addition to the standard internal check and repeat assays undertaken by SGS Analab, Solomon staff have submitted its own blind standard and blank check samples at a rate exceeding 1 in 10. All check sample results received are within acceptable limits of variability.
• Sample pulps splits from all samples are shipped to ALS Chemex Inc. in North Vancouver for 30 element ICP analysis and 1 in 10 gold check assays. Laboratory check sample results are within acceptable limits of variability.

Forward Looking Statements
Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon Resources Ltd. 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 gold properties world wide. The Company is managed by a proven team of exploration geologists credited 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 has significant gold exploration projects in Mongolia and Australia. 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.

On Behalf of the Board of Directors of
SOLOMON RESOURCES LIMITED
“David W. Tupper”, Vice President, Exploration

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