| Solomon Engages CHF Investor Relations |
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Armstrong, B.C. - Wednesday, February 10th, 2010. Solomon Resources Limited (SRB: TSX-V) is pleased to report that it has retained CHF Investor Relations (Cavalcanti Hume Funfer Inc., CHF), a well established Canadian Investor Relations firm headquartered in Toronto and operating under the same management for the past seventeen years. Solomon President and CEO Randy Rogers commented, CHFs hands-on approach, which has been carefully adapted to our specific needs and goals, will provide a solid outreach program and ongoing IR support to our Company as we grow. This is a natural progression for Solomon as we seek out new exploration opportunities and need to get our message out to prospective investors and analysts. The IR services agreement, effective immediately is for a fixed term of twelve months subject to a satisfactory performance review at the six-month mark with a provision for termination of the agreement thirty days thereafter. In the absence of termination notice, services may continue on an open-ended basis past the one year term allowing for cancellation upon three months written termination notice by either party. Subject to TSX-Venture approval Solomon will compensate CHF with monthly fees of $CDN 7,500 and incentive stock options. Solomon Resources has granted CHF 100,000 SRB options exercisable at $CDN 0.35 and 100,000 exercisable at $CDN 0.50 valid for five years. All stock options are subject to the minimum vesting rules of the TSX Venture Exchange which specifies that no more than 25% of the granted options may vest in any three-month period. In the event of CHFs termination, any outstanding options would expire according to provisions of the Companys Stock Option Plan. It is intended that CHF will initiate a Market Liquidity Program, more commonly referred to as market-making, through CHF's Calgary office. The Market Making activity will be undertaken by CHF through a registered broker in compliance with the guidelines established by the TSX Venture Exchange Policy 3.4 and other relevant policies. Prior to the grant of options described above, CHF had no interest, direct or indirect, in the Company or its securities. About CHF Investor Relations CHF's effective role is acting as the public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX-Venture listed companies and others that may seek to list on North American Exchanges that operate in a broad range of industries including mining exploration and producers, oil & gas, high-tech, industrial and business solutions and products, and "green" companies. The depth of capital market experience is formidable dating back to the late 1970's. CHF's head office is in Toronto with another Canadian office in Calgary as well as branch offices in New York, USA; São Paulo, Brazil; and Shanghai, China. 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 who were involved with the discovery and development of a number of significant mineral deposits (including the Snip and Eskay Creek gold-silver deposits in British Columbia and the Brewery Creek gold deposit in the Yukon Territory). Currently focused on the exploration of the Cry Lake Gold Project in B.C. and the Ten Mile Creek Gold Project in the Yukon, Solomon also has interests in the Baruunbaayan Uranium Project in Mongolia (100%) and the Sleitat Tin Project in Alaska (20%). signed Randall S. Rogers, M.Sc., P.Geol. President and Chief Executive Officer To receive Company news via email please contact
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For additional information visit Solomons website at www.solomonresources.ca
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accept responsibility for the adequacy or accuracy of this release.
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