Sola Resource Corp.

Sola Resource Corp.

December 11, 2007 19:15 ET

Sola Resource Corp.: Year End Report on Diamond Exploration/Development in Rondonia, Brazil

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2007) - Sola Resource Corp. (the "Company ") (TSX VENTURE:SL) (PINK SHEETS:SOLAF) is pleased to present this summary report on the exploration and development of its Carolina diamond project located in Rondonia, Brazil.

Regional Exploration

The regional Kimberlite Indicator Mineral (KIM) survey continues on the project area encompassing an area of approximately 1,000,000 acres. To date a total of 2,397 sediment samples have been collected and 1,211 of these have been sorted. The opening of the new Brazilian laboratory facility has now enhanced the speed of analysis. By the beginning of December the surveys had discovered approximately 50 distinct anomalous areas that carried KIMs on Sola's properties. On 8 of these anomalies the KIMs were accompanied by macrodiamonds. Field crews are now conducting detailed exploration of the prioritized anomalies by further sampling, ground geophysics, pitting and drilling in the interest of discovering the associated kimberlites.

Drill Programs

The initial quantification of the size of the Carolina kimberlite pipe is now nearing completion. A total of 15 HQ diamond-drill holes have been completed on the pipe for a total of 2737.19 metres, with the 16th hole in progress. A preliminary contained tonnage estimate (to a depth of 400 metres) is presently being modelled using Vulcan mine modelling software.

The Carolina Pipe has a somewhat elongate ovoid configuration with a NW-SE trend and the south-eastern lobe has a dike extension striking to the southeast. Initial ground geophysics over the dike has a projected length of approximately 400 meters. One drill set up, from which two holes have been completed, indicates a true width of 1 to 4 metres and the dike is open to depth at 100 meters. Field crews are trenching the dike to determine its total length and true width at surface and sampling kimberlite for further processing. A new drill program of 1,200 meters is presently underway to finalize the delineation of the south-eastern lobe of the pipe and to further define the dike at depth.


Using ground-based magnetometer and EM Max-Min surveys, crews have collected 380 kilometres of magnetic data and 130 kilometres of EM Max-Min data. Surveys are ongoing with 300 kilometres of further ground surveys planned.

Target Follow-ups

Based on the regional program results the Company has developed numerous exploration targets and anomalies. Exploration crews are developing these targets with further stream sediment sampling, mapping and ground geophysics. The Company will drill-auger test these approximately 100 targets over the next 3 months.

The Carolina Bulk Sample

The collection of the bulk sample will commence in January 2008 as the Company has been fine-tuning the existing plant to ensure full diamond recoveries and has been mapping the Carolina pipe's outcrop for selection of the sample sites by individual rock-type facies. The jig-plant will be used to generate a heavy-mineral pre-concentrate that will be processed in the laboratory facility at Cacoal, Rondonia. It is anticipated that 20,000 tonnes of kimberlite will be pre-concentrated at the Carolina site and shipped to the laboratory for processing by the end of March 2008.

Warrant Exercise

The Company is also pleased to announce that in December 2007 its treasury received $234,000.00 Cdn through the exercise of shareholder warrants at $0.40.

Prof. Roger D. Morton B.Sc. Ph.D. (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.


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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