Armstrong, B.C. - Monday, November 2nd, 2009. Solomon Resources Limited (SRB: TSX-V) has completed the second and final tranche of its private placement of units at $0.21 per unit for proceeds of $186,500. As with the first tranche, each unit consisted of one 'flow-through' common share and one transferable share purchase warrant. Each warrant is 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. The shares and any shares issued on exercise of the warrants are subject to resale restrictions until March 1, 2010. A 7% finder's fee was paid in cash to accredited finders in consideration of their efforts in respect of a portion of the second tranche.

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.