Sola Resource Corp.

Sola Resource Corp.

May 26, 2009 09:00 ET

Sola Resource Corporation Files NI 43-101 Technical Report on Diamond Exploration work in Rondonia, Brazil

CALGARY, ALBERTA--(Marketwire - May 26, 2009) - Sola Resource Corp. ("The Company") (TSX VENTURE:SL) (PINK SHEETS:SORSF) has filed on SEDAR a National Instrument-43-101-compliant technical report entitled, "Technical Report on Sola Resource Corporation's 2007-2008 Exploration/Development Activities including the Carolina Project, Southeast Rondonia State, Brazil"." The report, dated May 20, 2009, is authored by Roger D. Morton, P.Geol, and by John Harper, P.Geol. The report will be available on the SEDAR site.

This technical report, prepared for Sola Resource Corp. ("Sola"), describes work on Sola's claim holdings in the State of Rondonia in the Federal Republic of Brazil between 2005 and 2008. Canamera Mineracao Ltda., an independent Brazilian corporation, performed all fieldwork and laboratory studies under a contract with Sola. The work performed included geological surveys, kimberlite indicator mineral surveys, diamond drilling and the collection and treatment of some bulk samples of the Carolina diamond-bearing kimberlite pipe, which constituted Sola's primary target in the region. The work included the following components:

1. Drilling of 23 holes (total drilled: 3692.51 meters). This work permitted the identification of 4 component kimberlite facies. Approximately 15 million tonnes of kimberlite exist in the Carolina pipe to a depth of 372 meters. No representative diamond grades were determined for this quantity.

2. Development of a computed Vulcan 3-D model of the Carolina kimberlite pipe and its constituent lithologies.

3. Ground geophysics: 513.8 line km of Magnetic and 339.6 line km of EM (MaxMin). 39 potential kimberlite targets were defined and 16 of these are deemed to be of high priority.

4. Kimberlite Indicator Mineral surveys: 2339 samples were collected; 727 of the samples contained kimberlite indicator minerals and defined areas of exploration priority.

5. A partial bulk sampling of the saprolitic zone of the Carolina kimberlite pipe was performed. 5 pits yielded 4337.7 dry tonnes of saprolitic kimberlite. 2525 diamonds were recovered in total, having a total weight of 219.71 carats. The 5 largest stones collected weighed 5.04ct, 3.88ct, 2.49ct, 2.29ct and 2.11ct respectively. There was a noteworthy population of white diamonds in the 219.71 ct parcel.

The authors of the Technical Report recommend the following future programs and actions, if sufficient funding can be acquired in the near future:

1. Evaluation of the diamonds collected during the bulk sampling exercise of 2008.

2. Follow-up kimberlite indicator mineral surveys on the priority target areas recognized in the report.

3. Further diamond drilling and trenching of the NW and SE sectors of the Carolina kimberlite, together with the possible dike extensions of the kimberlite system.

4. An airborne magnetic and electromagnetic survey of the claims, with more detailed surveys designed for the areas of kimberlite indicator mineral priority targets.

5. Ground-based magnetic and electromagnetic surveys of priority targets resulting from the airborne surveys.

6. Refurbishment of the 400 tonne per day jig plant to increase efficiency and materials throughput.

7. Purchase of a minimum of two more grease tables to increase the speed of extraction of diamonds from jig concentrates.

8. Collection of a further 15,000 tonne bulk sample of saprolitic kimberlite.

Estimated costs ($Cdn) for the overall recommended follow-up programs/items is $3,040,000.00.

Sola Resource Corporation has temporarily suspended its diamond exploration programs in Rondonia and is concentrating upon seeking alternative exploration ventures in Brazil whilst the current economic downturn is in effect.

Prof. Roger D. Morton B.Sc., Ph.D., P.Geol. (Alta), a qualified person for the purpose of National Instrument 43-101, has reviewed and verified the contents of this news release.

We seek safe harbor.


William Pfaffenberger, CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information