Solomon Gold Intersects Second Vein Set at Meriguna Prospect, Fauro Island, Solomon Islands

Highlights:

• Diamond drill hole FDD002 intersects 44m @ 1.69g/t Au from 7m (incl. 18m @ 3.14g/t Au from 25m, and 9m @ 3.94 g/t Au from 25m, and 3m @ 7.16g/t Au from 31m).
• Deeper intersection targeted.
• FDD003, 004 and 005 planned from same drill pad to test the intersection along strike and at 100 and 200m depth.
• Additional vein sets identified in surface trenching up to 9.08g/t at Meriguna south.
• The Meriguna South prospect is interpreted to consist of six major vein sets and interset veins over a 300m long x 200m wide surface area. The northern most set previously intersected in FDD001 returned 10m @ 2.93g/t Au (incl. 1m @ 24.7g/t Au) from 28m and 6m @ 1.1g/t Au (incl. 1m @ 2.5g/t Au) from 60m.

The Directors of Solomon Gold are pleased to announce results from further gold bearing vein sets intersected in the second hole at the Meriguna Prospect on the Fauro Island Project in Solomon Islands. Diamond drill hole FDD002 intersected 44m @ 1.67g/t Au from 18m (incl. 18m @ 3.14g/t Au from 25m, and 9m @ 3.94g/t Au from 25m, and 3m @ 7.16g/t Au from 32m). Further vein mineralisation has been intersected between 283m and 293m and awaits assaying. The most prospective level is expected at 300m depth in the boiling zone area and the central vein set of the prospect is expected to be intersected in the current hole at this level.

Similar potential is expected at Meriguna North, Kiovakase and Ballyorlo prospects on Fauro Island.

Additional surface samples have been taken whilst cutting the IP survey lines over the Prospects on Fauro Project. The best result was 9.08g/t gold (sample ARHBRF101) from the Meriguna Prospect area.

Induced Polarisation Survey

The 11km2 IP survey work continues over the identified Prospects: Ballyorlo, Kiovakase, Meriguna, Bataha, Ballteara and Northern Fauro to identify subsurface mineralised rocks with disseminated sulphides. Work started on Ballyorlo where initial readings indicate a strong chargeability anomaly coincident with the magnetic high, the data will need processing and interpretation by an exploration geophysicist prior to drill testing. Once work has been completed at Ballyorlo, the survey will move to Meriguna.

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By order of the Board
Karl Schlobohm
Company Secretary