2009 Drill Program Completed at Cry Lake Project . Solomon Retires Debt
2009 Drill Program Completed at Cry Lake Project
Solomon Retires Debt


Armstrong, B.C. - Tuesday, October 12th, 2009. Solomon Resources Limited (SRB: TSX-V) reports that exploration crews have now completed the 2009 field program at the Cry Lake Gold Property in northwestern British Columbia. Two diamond drill holes were completed in this program as well as geological mapping and sampling of an extended soil geochemical grid.

The Cry Lake Property is located 80 kilometers northeast of Dease Lake within the Sylvester Allochthon, a set of thrust-bounded terranes which host gold-bearing epithermal type veins associated with felsic volcanic rocks.

Gold mineralization identified to date on the property extends over a northwesterly-elongated area two kilometers long and one kilometer wide and includes the Zinc Lake Zone, Discovery Vein/Surprise Vein, Grizzly Ridge Vein, H Zone, Gully A Zone, B Zone and Hill Zone. Channel samples of the Discovery Vein by earlier operators returned the following selected high-grade values: 27.09 grams per tonne (g/t) gold and 1220.6 g/t per tonne silver over 2.0 meters; 15.09 g/t gold and 1073.2 g/t silver over 3.5 meters and 8.91 g/t gold and 596.6 g/t silver over 1.0 meter (British Columbia Geological Branch Assessment Report 22840).
Two diamond drill holes were completed to test the the Discovery/Surprise Vein at depth. Drill Hole DDH-CL09-01 was drilled to a depth of 185 meters at -47 degree dip and 215 degree azimuth and DDH-CL09-02 was drilled from the same collar at -60 degree dip and 215 degree azimuth and completed to a depth of 231 meters. The core has now been processed and logged by Solomon geologists in Dease Lake and assay splits sent to Acme - Global Discovery Labs of Vancouver, British Columbia for gold analysis. Assay results from the drilling are expected to be received within eight weeks. Selected samples have also been taken for petrographic examination and whole rock analysis.

Solomon believes that the Discovery/Surprise Vein remains the best exploration target identified to date on the Cry Lake Property, with surface channel samples reported by earlier operators returning 1.5 to 30.0 grams per tonne gold and 190 to 1200 grams per tonne silver over widths of 1.0 to 2.0 meters and grab samples reported by earlier operators with assay values up to 41.0 grams per tonne gold.

Solomon‟s President Randy Rogers is returning from a due diligence tour of the project and observed: "The diamond drill program this fall was complicated by extreme weather conditions and the crew from Atlas Drilling Inc. performed exceptionally well under difficult circumstances. We are satisfied that these first two drillholes have accomplished our preliminary objective of testing the Discovery/Surprise Vein at depth and we await assay results with interest."

"Solomon will undertake a significantly larger drill program on the Cry Lake Property in 2010 and our crews will be compiling the 2009 results with historical data and applying for exploration permits over the coming months. In addition to our encouraging first look at the Discovery/Surprise Vein at depth, the other targets on this property remain untested and are a priority for our 2010 diamond drilling campaign."
Solomon Retires Debt:
Solomon is pleased to report that it has now retired the $ 500,000 debt obligation owed to one current and one former director as initially reported on December 1st, 2008. The proceeds of the short term loan provided working capital to advance exploration programs in Canada and further the Company‟s interests in Mongolia.

Qualified Person:
Randy Rogers, M.Sc., P.Geol. a "Qualified Person" for the purposes of National Instrument 43-101, Standards for Disclosure for Mineral Projects of the Canadian Securities Administrators, and the President and Chief Operating Officer of Solomon, has verified the data disclosed herein including sampling, analytical and test data and supervised the preparation of the information that forms the basis of the disclosure contained in this news release. He has supervised the 2009 exploration program and reviewed the data disclosed herein from records of previous owners and operators of the Cry Lake Property. While the historical data is believed to be accurate, Solomon‟s exploration program will be designed to test the accuracy of the historical information.

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 by Acme - Global Discovery Labs of Vancouver, British Columbia, a certified analytical laboratory.
  • 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.

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 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 gold projects in British Columbia and the Yukon Territory, 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

Phone: 250-546-4772
Tollfree: 1-866-831-6666
 

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