Sola Resource Corp.
TSX VENTURE : SL

Sola Resource Corp.

April 09, 2007 15:10 ET

Sola Resource Corp.: Results of Private Placement and Warrant Exercise

CALGARY, ALBERTA--(CCNMatthews - April 9, 2007) - Sola Resource Corp. (the "Company") (TSX VENTURE:SL) is pleased to announce that the closure of the private placement on April 2nd generated gross proceeds of $2,661,000 and the recent warrant exercise generated gross proceeds of $1,559,193.

The diamond drill testing of the Carolina kimberlite diamond pipe will begin in May, 2007. The commencement of the bulk sample is anticipated to begin in May. The Company is recording continued success with its regional program of loam soil and stream sediment sampling on its current 2985.7 square kilometer claim block. The property is located in the Pimenta Bueno region of Rondonia State, Brazil.

With the closing of the private placement and warrant exercise, the Company is well funded for the coming months during which time it be drill testing the Carolina kimberlite, bulk sampling the Carolina, flying an airborne geophysics program, continuing in its geochemical surveys and drill testing all targets derived from the exploration program.

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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