D-3 Exploration Licence Granted...
D-3 Exploration Licence Granted, Oshiin govi Uranium District
Additional D-4 Trench Results to 0.025% U3O8 over 5 metres
Dornogobi Province, Mongolia

Vancouver, Canada, October 15, 2007 – Solomon Resources Ltd. (SRB: TSX-V) is pleased to announce it has acquired a second exploration licence through application in the very active Oshiin govi Uranium District in Dornogobi Province, southeast Mongolia. The new Dornogobi-3 (D-3) licence adjoins Solomon’s previously granted Dornogobi-4 (D-4) licence roughly 150 kilometres southwest of the Aimag capital of Sainshand and the national Ulaanbaatar-Beijing highway and railway corridor.

Recent sampling of potential structure hosted prospects in the Ail Volcano-tectonic Uranium Sub-district on the D-4 licence continues to produce significant results. Chip samples collected from Soviet-era trench K3822 on the Khad prospect returned a weighted average of 0.025% U3O8 over 5 metres (216 ppm uranium) within a wider zone of argillic alteration that ran 0.016% U3O8 (134 ppm uranium) over 16 metres. Additional sampling produced 0.089% U3O8 over 0.5 metres (755 ppm uranium) in trench K3809 on the Ail prospect.

Exploration activity in the Oshiin govi Uranium District has been steadily increasing since the July 2007 purchase by Compagnie Française de Mines et Metaux ("CFMM", a subsidiary of Areva NC) of East Asia Minerals Corporation’s (EA) Oshiin govi uranium property. The EA ground immediately borders CFMM’s Lower Cretaceous sedimentary basin-hosted roll front type Oshiin govi uranium prospect, where up to 8 drills are currently located. In September 2007, Zaraya Holdings (formerly Batu Mining) commenced drilling along the trend of the Lower Cretaceous sedimentary basin rocks within 2 kilometres of the south boundary of Solomon’s new D3 licence.

Solomon geology crews are currently active finalizing regional scale and prospect scale geological mapping, and 2,200 line-kilometre gamma spectrometer and magnetometer geophysical surveys of a roughly 285 square kilometre area within Ail on its D-4 licence. A preliminary 1,500 metre diamond drill program is being organized to commence November 2007 at the Ail area.

DORNOGOBI-3

Acquisition of the new Dornogobi 3 licence (12745X; 44,004 hectares) increases Solomon’s total mineral exploration holdings in this highly prospective and emerging uranium district, which includes the Ail Uranium Sub-district, to 106,709 hectares (see Figure 1). The D3 licence also overlies a large area of Lower Cretaceous basin rocks.




DORNOGOBI-4

Solomon geologists and geophysicists have completed lithological and structural geological mapping and detailed spectrometer surveys of a 285 square kilometre area on D4 further, defining uranium mineralization of the Ail, Khad, Elgen and Dalai prospects. Samples have also been collected from many of the remaining 14 of 28 Soviet-era trenches that have now all been located.

Sample results, taken from the more radiometrically anomalous zones, are highlighted by chip samples from Trench K3822 at the Khad prospect that average of 0.025% U3O8 over 5 metres (216 ppm uranium) within a wider zone of argillic alteration hosted in dacitic tuff breccia and conglomerate that ran 0.016% U3O8 (134 ppm uranium) over 16 metres (see Table 1, Photo 2, Figure 2).

Significant results from the Ail prospect include two recent samples. Sample 52750 was collected from a zone of carnotite (unconfirmed) oxide uranium mineralization in granite in trench K3809 that assayed 0.089% U3O8 over 0.5 metres (755 ppm uranium; see Photo 2). Sample 52755 from sandstones in Trench K3810 assayed 0.083% U3O8 over 0.5 metres (700 ppm uranium).

The Dalai prospect is highlighted by a hand auger sample of a coal horizon from 1.0 metre to 1.3 metres depth at Trench 3916. Sample 53782 ran 0.057% U3O8 over 0.3 metres (487 ppm uranium).







Khad Uranium Prospect, Dornogobi 4 - Confirmation Channel Sample Results

Khad Uranium Prospect, Dornogobi 4 - Confirmation Channel Sample Results

1983 Trench K3822 Sample Results
2007 Trench K3822 Sample Results
Sample
No.
From
(m)
To
(m)
Intersect
(m)
U
content
(ppm)
Weighted Averages
Weighted Averages
U
content
(ppm)
Intersect
(m)
From
(m)
To
(m)
Sample
No.
86957
4.30
4.80
0.50
51
  
 
152
2.00
4.00
6.00
52759
86958
4.80
5.20
0.40
76
86959
5.20
5.65
0.45
115
86960
5.65
6.15
0.50
127
86961
6.15
6.65
0.50
0 (n/a)
86962
6.65
7.15
0.50
249
224
1.00
6.00
7.00
52760
86963
7.15
7.50
0.35
209
183
1.00
7.00
8.00
52761
86964
7.50
7.90
0.40
301
86965
7.90
8.35
0.45
557
333
1.00
8.00
9.00
53761
86966
8.35
8.70
0.35
499
86967
8.70
9.05
0.35
317
86968
9.05
9.45
0.40
329
213
1.00
9.00
10.00
53762
86969
9.45
9.90
0.45
172
86970
9.90
10.40
0.50
164
125
1.00
10.00
11.00
53763
86971
10.40
10.80
0.40
253
86972
10.80
11.30
0.50
182
 
86973
11.30
11.75
0.45
267
  
105
2.00
11.00
13.00
53765
86974
11.75
12.05
0.30
623
86975
12.05
12.55
0.50
246
86976
12.55
12.85
0.30
244
86977
12.85
13.35
0.50
238
106
1.00
13.00
14.00
53766
86978
13.35
13.65
0.30
147
  
86979
13.65
14.05
0.40
102
86980
14.05
14.55
0.50
116
120
1.00
14.00
15.00
53767
86981
14.55
15.00
0.45
105
86982
15.00
15.50
0.50
125
113
1.00
15.00
16.00
53769
86983
15.50
16.00
0.50
134
86984
16.00
16.55
0.55
124
  
73
1.00
16.00
17.00
53767
86985
16.55
16.85
0.30
111
86986
16.85
17.35
0.50
63
66
1.00
17.00
18.00
53770
n/s
17.35
18.30
0.95
0
  
86987
18.30
18.80
0.50
103
41
2.00
18.00
20.00
53771
86988
18.80
19.50
0.70
114
86989
19.50
20.00
0.50
105
86990
20.00
20.50
0.50
76
            
26
2.00
20.00
22.00
53772
Note:
Laboratory results reported in parts per million uranium; for values in percent U3O8, results are multiplied by a conversion factor of 0.0001179 (1 ppm U x 1.179 = 1.179 ppm U3O8; 10,000 ppm U3O8 = 1.00% U3O8). For lbs/ton U3O8, % U3O8 is multiplied by 20.
2007 Solomon sample 53764 - blank check sample


Qualified Person under National Instrument 43-101:

Solomon’s Vice-President - Exploration, David Tupper, P.Geo., 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 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 in certified labs, including Actlabs Asia in Ulaanbaatar, Mongolia and ALS Chemex in North Vancouver, Canada. Laboratory results are reported in parts per million uranium (ppm).
    • For values in percent U3O8, ppm U is multiplied by a conversion factor of 0.0001179 (1 ppm U x 1.179 = 1.179 ppm U3O8; 10,000 ppm uranium = 1.0% uranium; 10,000 ppm U3O8 = 1.00% U3O8);
    • For conversion to lbs/ton U3O8, % U3O8 is multiplied by 20 (1 ton = 2,000 lbs).
    • For conversion of ppm U to lbs/ton U3O8, multiply ppm U by 0.002358 (0.0001179 x 20)
  • 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.Ground, truck-mounted radiometric surveys conducted using a PICO GRS-2 gamma spectrometer 4 litre detector); ground magnetic surveys conducted using a GEMS GSM-19, Overhauser magnetometer.
  • All spectrometric data (Total Count, uranium, thorium and potassium content fields) is converted to ACSSII format, and then checked for error using the minimum square method in preparation for plotting.

The accurate location coordinates of the historic radiometric anomalies and uranium occurrences were intentionally not identified in the Soviet literature. The published coordinates have been offset using and constant and unpublished set of survey errors. Diligent field surveys using GPS systems are now being undertaken for each site.

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 world wide. Solomon 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 is currently focused on copper-gold and zinc-lead-silver base metals projects in Canada; uranium and coal energy projects in Mongolia and western Canada respectively and a tin project in Alaska. 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 or please contact:

Lawrence J. Nagy, President & CEO
Phone: 604-669-6656

or

David W. Tupper, Vice President - Exploration
Phone: 604-669-6656
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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

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