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

Sola Resource Corp.

July 11, 2008 15:35 ET

Sola Resource Corp.: Bulk Sampling of Carolina Kimberlite Progressing With Significant Diamond Recoveries

CALGARY, ALBERTA--(Marketwire - July 11, 2008) - Sola Resource Corp. (the "Company") (TSX VENTURE:SL) (PINK SHEETS:SOLAF):

The Company is pleased to announce that its 20,000 tonne bulk sampling and testing program on the diamond-bearing Carolina kimberlite pipe near Espigao d'Oeste in the State of Rondonia, Brazil is progressing very well. The bulk-sampling program is currently focusing upon the outcropping saprolitic horizon of altered kimberlite.

As a result of the recent diamond-drilling program the Company has developed a Vulcan 3-Dimensional model of the kimberlite pipe and its constituent lithologies. Three main kimberlite types have been delineated and the near-surface locations of these different lithologies are now being employed to guide the interpretation of the samples already excavated and processed.

The bulk samples are being pre-concentrated in Sola's 400-tpd jig plant on-site. The jig concentrates are subsequently being treated using a grease table to recover diamonds from various sieve fractions. This method is proving highly efficient and significant numbers of gem-quality diamonds are being recorded. The ultimate objective of the exercise is to recover between 3000 and 5000 carats of diamonds to complete an evaluation of the economic potentials of the Carolina kimberlite phases.

To date 5,000 tonnes of kimberlite have been pre-concentrated, of which an 800 tonne equivalent of unprocessed kimberlite has been submitted for processing in the diamond recovery laboratory.

Among the diamond parcels recovered in the past two weeks are the following noteworthy gem-quality white stones: 0.38 ct, 0.42 ct, 0.43 ct, 0.44 ct, 0.47 ct, 0.51 ct, 0.52 ct, 0.55 ct, 0.86 ct, 1.02 ct, 2.12 ct, 2.23 ct and 2.48 ct respectively.

Upon completion of processing the bulk sample, a 43-101 compliant grade and valuation report will be completed and released.

Thomas Kovacs, President of Sola Resource Corp. stated: "The Company is pleased to bring news of this considerable progress. The results of the diamond recoveries help to demonstrate the production potentials of the Carolina kimberlite."

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.

ON BEHALF OF THE BOARD OF DIRECTORS OF SOLA RESOURCE CORP.

Thomas Kovacs, President

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

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