Solid Gold Resources Corp.
TSX VENTURE : SLD

Solid Gold Resources Corp.

February 13, 2012 08:45 ET

Another Bad Day for Mining in Canada

TORONTO, ONTARIO--(Marketwire - Feb. 13, 2012) - Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE:SLD) reports that The Wahgoshig First Nation has issued a claim against Her Majesty The Queen In Right of Ontario and Solid Gold Resources Corp.

Among other things, the claim states that "the mining act does not establish any requirement on the Crown or the holder of a prospectors licence to consult or accommodate aboriginal communities" therefore the act "is unconstitutional and of no force and effect".

The claim is for damages for breach of "aboriginal or treaty rights under Section s. 35(1) of the Constitution Act, 1982" and seeks a permanent injunction stopping Solid Gold from exploring its Crown granted claims "without the express written consent of Wahgoshig First Nations."

"This is an important matter and could have a significant impact on Canada's near term economy", stated Darryl Stretch, President of Solid Gold.

Solid Gold is appealing to Canadians and Industry across the country for support in mounting an effective defence against these claims.

Solid Gold continues to engage with Ontario and Wahgoshig First Nation in an effort to bring a swift resolution to this difficult matter while protecting the shareholders right to develop the high grade gold discovery known as SG 09 and other promising targets on Solid Gold's claims at Lake Abitibi.

Business of Solid Gold Resources Corp.

Solid Gold is a junior mining exploration and development company, which controls a +/-200-square-kilometer prospect hosting potential for discovery of economic mineralization at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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