Sola Resource Corp.
TSX VENTURE : SL

Sola Resource Corp.

May 02, 2007 11:26 ET

Sola Resource Corp.: Exploration and Development Report

- EM and Magnetic Geophysics Generates New Targets - Surficial Stripping of Carolina Kimberlite for Drill Pad Preparation - Diamonds Recovered During Regional Sampling Program

CALGARY, ALBERTA--(CCNMatthews - May 2, 2007) - Sola Resource Corp. (the "Company") (TSX VENTURE:SL) is pleased to report progress in its recent exploration and development activities on the Carolina Kimberlite pipe and on its mineral claims in the Pimenta Bueno region in the State of Rondonia in NW Brazil.

Geophysical surveys to date have generated over 20 targets within a 4 km2 area encompassing the Carolina diamond pipe. Targets are being prioritized and testing will begin immediately.

A Max-Min EM survey has returned a conductive signature associated with the Carolina Diamondiferous Kimberlite. The signature is coincident with the magnetic data and with known boundaries of the Carolina that were determined by surface prospecting. These additional data suggest that the kimberlite pipe is somewhat larger than previously thought.

The data are currently being analyzed and integrated with the existing geophysical and geochemical datasets to assist in the next steps of the exploration program.

A drill has been mobilized to the Carolina Kimberlite and drilling is expected to commence within two weeks. In preparation for the drill program, stripping of overburden, construction of drill pads and surface preparation for mapping and bulk sample work is currently being undertaken.

The regional Kimberlite Indicator Mineral (KIM) program continues successfully in the recovery of indicator minerals and diamonds. Sampling from new areas has resulted in the recovery of a 25 point (0.25 carat) octahedral shaped diamond from a stream sediment sample. On a separate claim, approximately 90 kilometers from the Carolina Kimberlite, a 5 point (0.05 carat) stone was recovered. Sampling continues in both these areas to delineate the KIM boundaries.

The model generated from the on-going KIM program, in concert with the airborne geophysics, will assist in the generation of future kimberlite targets.

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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