Armstrong, B.C. - Friday, October 16th, 2009. Solomon Resources Limited (SRB: TSX-V) intends to complete a second tranche of its private placement of units at $0.21 per unit to various investors (other than 'flow through' investment funds) for proceeds of up to $210,000. As with the first tranche of the placement completed with the MineralFields Group, each unit will consist of one 'flow-through' common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase a further (non-flow-through) common share for two years at $0.30 in the first year and $0.40 in the second year. A 7% finder's fee will be paid in cash to accredited finders and brokers in consideration of their efforts in respect of the second tranche of the placement.

The proceeds of this placement will be used to fund exploration of Solomon's British Columbia and Yukon properties.

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

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