Armstrong, BC - Friday, June 26^th, 2009. Solomon Resources Limited (SRB: TSX-V) announces that it has consolidated its common share capital on the basis of one post-consolidation common share for every ten pre-consolidation common shares held. Effective at the opening of trading on the TSX Venture Exchange on Monday, June 29^th, 2009, Solomon will begin trading on a post-consolidated basis under its former trading symbol SRB.V. The new CUSIP number for the Company is 83427D201 and the new ISIN is CA 83427D2014. The Company will continue to be known as Solomon Resources Limited.

The consolidation results in the 62,701,643 pre-consolidation common shares of the Company being reduced to approximately 6,270,164 post-consolidation common shares. The exact number of post-consolidation shares will vary depending on the treatment of the fractional shares which will occur when each shareholder's holdings in the Company are consolidated. No fractional shares will be issued. Outstanding stock options and warrants will similarly be adjusted.

Letters of transmittal relating to the consolidation are being mailed to all registered shareholders who will be required to send their certificates representing pre-consolidation common shares with a properly executed letter of transmittal to the Company's transfer agent, Computershare Investor Services Inc. - Shareholder Services in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal may be obtained through Computershare.

Details of the share consolidation are set forth in the Company`s Information Circular which was mailed to shareholders on May 27^th, 2009 and filed on SEDAR (www.sedar.com).

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 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 gold projects 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:

Randall S. Rogers, President and Chief Executive Officer

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