Company Information for Solomon Gold Plc

AIM-SOLG

www.solomongold.com

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AIM; SOLG

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Company Statement

Solomon Gold plc offers investors the opportunity to participate in one of the most prospective regions in the world for giant porphyry copper/gold systems at a time of strong demand for gold and copper.
Highlights include:

A region (“Pacific Rim of Fire”) of >40Moz gold equivalent orebodies
Strong local and government support for mineral exploration - access and compensation agreements finalised
Solomon Gold is well established, active and experienced in Solomon Islands
Management track record of discovery
22 targets identified
Current drilling program with three drilling rigs
Definition of strongly mineralised intrusive system in the Sutakik – Koloula valleys.

Current Operations

Solomon Gold has four exploration licences on the island of Guadalcanal, the largest of the Solomon Islands:

• Sutakiki
• Mbetilonga
• Koloula
• Central Guadalcanal

ARM, a 100% subsidiary of Solomon Gold, has held prospecting licences over these areas since 1995. The tenements are valid until 10 Nov 2008, with extensions of up to a further 4 years available as an option for the company. Solomon Gold has established operational capability - expatriate staff, drilling rigs and helicopter all on Guadalcanal and has commenced drilling.

Sutakiki (core project)
Solomon Gold field activities at Sutakiki are now focused on the area west of the discovery outcrop at Sutakiki, in an area known as the Uluda Dome. The Uluda Dome is characterised by domed volcanic cover rocks and sediments, fractured and overprinted sporadically by late stage veins carrying significant gold and copper anomalies. Notably, the geological crews discovered an intrusive or “diatreme” breccia, diagnostic of the presence of nearby porphyry systems, grading 3.5 g/t gold. The company has directed two drilling rigs to test the Uluda Dome area with an emphasis on SK09, which is drilling to the west to test a substantial potassium anomaly over the Uluda Dome.

Mbetilonga
Detailed mapping and sampling has confirmed the presence of very high order copper gold mineralisation and 5 drillholes were put into the target areas during the first six months of the Solomon Gold exploration program. Very complex geology and a barren cover sequence has masked the host mineralisation which has not yet been intersected in the drilling. The presence of extensive areas of copper mineralisation in soils over 0.1% copper and rock chip results up to 13% and aeromagnetic and radiometric signatures characteristic of large porphyry systems highlights the unconcluded prospectivity of this area.

Solomon Gold intends to review the results of the work carried out to date in an effort to redefine drilling targets at Mbetilonga.

Koloula Valley
Investigation of the Chikora prospect revealed a 600m diameter gold-copper core with a surrounding gold-lead-zinc halo within a tonalite porphyry intrusive. ARM fieldwork has located a 200m x 800m open-ended gold-copper anomaly to the north-east which requires further investigation which the company intends to be subject to further mapping and sampling. The company has recently identified quartz and molybdenite filled veins which signify the potential for molybdenum credits in the mineralised porphyry system. Solomon Gold intends to drill test the Chikora porphyry system with angled drill holes in order to properly test vertical veining hosting the copper molybdenum and gold mineralisation.

The Koloula porphyries are interpreted as typical south-west Pacific porphyry deposits. The prospects are of interest because they appear to lie within a very similar structural setting to world class deposits in PNG, and display strikingly similar mineralogy and alteration patterns.

Assessment of the prospectivity of the area by Kenex has identified additional targets at Kolokoo and west of Mbina.

Central Guadalcanal
It is significant that the sampling of landslide scarps at Chupukama Ridge seems to have been done because they were an outcrop capable of being sampled, rather than for any particular geological reasons. Nevertheless grades up to 13.04g/t gold were returned. More importantly, virtually the entire width of a 200m landslide contained detectable gold (as did the other 4 scarps) and gave a wide low grade unweighted intercept across the scarp of 155m at 0.54g/t gold. The Directors believe that these results indicate the potential for a significant tonnage low-grade gold resource at Chupukama Ridge.

The remainder of the Tenement has not yet been explored by ARM. The Chupukama Ridge Tenement displays geology similar to the Gold Ridge area with alteration and mineralisation occurring in intermediate intrusive rocks, conglomerate and agglomerate. The prospect is located only 8km to the south west of Gold Ridge. Independent assessment of the prospectivity by Kenex has identified a further prospect 3km to the south west and a target 4km to the west north-west of Chupukama.

This prospect and an area of very strong magnetic anomalism in the Itina River Basin to the west is currently under investigation by Solomon Gold field crews and results are awaited.

Geographical Spread

Board of Directors and Key Management

Nicholas Mather	(Chief Executive Officer)
Cameron Wenck	(Non-Executive Chairman)
Brian Moller	(Non-Executive Director)
Dr Robert Weinberg	(Non-Executive Director)

Duncan Cornish	COMPANY SECRETARY

Company Address

Level 5, 60 Edward Street
Brisbane, Queensland, Australia 4000


Telephone:	+61 7 3303 0660
Facsimile:	+61 7 3303 0681
Email:	info[at]solomongold.com
Website:	http://www.solomongold.com

Capital

26.8 shares on issue

Annual General Meeting

November

Year End

30 June

Nominated Brokers

Hanson Westhouse Ltd
One Angel Court, London EC2R 7H
United Kingdom

Nominated Advisors

RFC Corporate Finance Ltd
Level 14, 19-31 Pitt Street
Sydney NSW 2000, Australia

Broker/Analyst Reports

20/01/07 - BUY - PRICE/TARGET : 22p/64p

Most Recent Statement

26/11/08 - Proposed Terms for Agreement with Newmont
08/10/08 - Exploration Update
21/07/08 - SOLOMON GOLD EXPLORATION PROGRESS
23/05/08 - EXPLORATION UPDATE
21/04/08 - SOLOMON GOLD SECURES FAURO TENEMENT
03/03/08 - UPDATE ON FAURO ISLAND APPLICATION FOR PROSPECTING LICENCE

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