Sola Resource Corp.

Sola Resource Corp.

October 25, 2010 14:30 ET

Sola Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) - Sola Resource Corp. (TSX VENTURE:SL) (PINK SHEETS:SORSF) (the "Company") is pleased to announce that it will immediately commence a Non-Brokered Private Placement to a maximum of $750,000.

The Private Placement will be priced at $0.05 per Common Share as allowed under the TSX Venture Exchange Policy. This placement, if fully subscribed, will yield 15,000,000 Common Shares.

This Private Placement could be subject to finders' fees which will be paid in accordance with the TSX Venture Exchange policies and is subject to the approval of the regulatory authorities.

The funding proceeds will be used for the continuation of the due diligence, and the corporate and operational review of Amazon Resources Limited, ("Amazon"), to which Sola has proposed to initially acquire 30% of Amazon by way of an Offer to its Shareholders, as well as general working capital for the Company.

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.

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

William (Bill) Pfaffenberger, Director

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.

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

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