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

Sola Resource Corp.

April 29, 2008 16:24 ET

Sola Resource Corp.: Private Placement Closed

CALGARY, ALBERTA--(Marketwire - April 29, 2008) - Sola Resource Corp. (the "Company") (TSX VENTURE:SL) (PINK SHEETS:SOLAF), is pleased to announce that it has closed a non-brokered private placement of CDN$1,000,000.00 pursuant to the sale of 3,333,331 Flow-through Units, at $0.30 each, to the Mineralfields Group (the "Offering"). Each Unit is comprised of one Flow-through Common share of the Company and one half of one non Flow-through share purchase warrant (the "Warrant" or "Warrants"). Each full Warrant entitles the holder to purchase one non Flow-through Common share of the Company at an exercise price of CDN$0.50, for a period of 18 months from the date of issuance of the Units.

The Company will use the proceeds of the Offering to fund the exploration and development of its McKay Lake property in the Northwest Territories (the "Property"). As previously announced, the Company was granted the right to acquire a 70% interest in the Property by expending, in the aggregate, CDN$1,500,000.00 on or before December 31, 2009.

We seek safe harbour.

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 the contents of this news release.

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