Sola Resource Corp.
TSX VENTURE : SL
PINK SHEETS : SORSF

Sola Resource Corp.

May 25, 2010 09:37 ET

Sola Announces Memorandum of Understanding to Partner With a Manganese Production Company in Brazil

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2010) - Sola Resource Corp. (TSX VENTURE:SL) (PINK SHEETS:SORSF) (the "Company" or "Sola") reports that it has signed a Non-Binding Memorandum of Understanding, ("MOU"), to purchase 50% of Rio Madeira Comercio Importacao E Exportacao De Minerios, ("Rio Madeira").

The Board of Directors and Management of the Company are very pleased to announce this potentially strategic partnership and opportunity for Sola. At this time Sola has secured this MOU with the full agreement of the stakeholders of Rio Madeira and as such both parties will commence working towards establishing definitive, binding agreements immediately.

Rio Madeira presently produces approximately 2,000 tons of Manganese per month and will be ramping up this production in the coming months. There are approximately 40 hectares of land under management that Rio Madeira mine Manganese from. In the past, Rio Madeira has produced as much as 4,000 tons of Manganese per month, but this production has been unpredictable. The average grade of the Manganese produced is 52%, as reported by Rio Madeira.

Bill Pfaffenberger, CEO and Director of Sola, says; "Sola is excited about the signing of this MOU, it gives Sola the ability to extend its business activities in Brazil through revenue generating means and not solely exploration."

Sola will be attending to the next stages of due diligence immediately and will provide updates as they are available.

For Reference:

Sola is a junior exploration company with assets in Canada and Brazil. The Company has primarily focused on diamond, gold and base metal resource properties since inception. All available resource reports and information on the Company's properties are located on the Company website.

The information in this news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this release, words such as "estimate", "expect", "anticipate" and "believe" as well as similar expressions are intended to identify forward-looking statements. Such statements are used to describe management's future plans, objects, and goals for the Company and therefore involve inherent risks and uncertainties. The reader is cautioned that actual results, performance or achievements may be materially different from those implied or expressed in such statements, which speak only as of the date the statements were made. The Company does not update forward-looking statements continually as conditions change. We seek safe harbor.

Issued on behalf of the Board of Directors of Sola Resource Corp.

Andrew Male, Director

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

Contact Information