Armstrong, BC - Tuesday, January 13th, 2009. Solomon Resources Limited (SRB: TSX-V) announces it has closed its private placement announced October 27, 2008. A total of 5,556,250 units were sold at a price of CAD($) 0.05 per unit for proceeds of $277,812.

Each unit consisted of one common share and one non-transferable share purchase warrant. Each warrant is exercisable to purchase a further common share for $0.10 for a period of one year. The shares, and shares issuable upon the exercise of the warrants, will be non-transferable until May 9, 2009.

The proceeds will be used for continued evaluation of Canadian and Mongolian exploration projects, further evaluation of new projects and working capital.

Solomon's President Randy Rogers noted: "The Private Placement proceeds, together with the CAD($) 500,000 loan arranged with certain directors (see News Release dated December 1st, 2008) will allow us to continue our exploration and evaluation programs without the dilution that would have resulted from reliance only upon share issue. Solomon is well placed to endure the current market conditions, and looks forward to the inevitable market recovery."


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/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 the exploration of copper-gold projects in British Columbia and Ontario, a coal project in British Columbia, a tin project in Alaska and uranium projects in Mongolia. 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 contact either:

Randall S. Rogers, President and Chief Operating Officer
Phone: 250-558-8952
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Lawrence J. Nagy, Chairman and Chief Executive Officer
Phone: 250-546-4772



Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.