Solara Exploration Ltd.
TSX VENTURE : SAA.A

Solara Exploration Ltd.

December 09, 2011 09:15 ET

Solara Exploration Announces Drilling of New Cardium Horizontal Well

CALGARY, ALBERTA--(Marketwire - Dec. 9, 2011) - Solara Exploration Ltd. ("Solara" or the "Company") (TSX VENTURE:SAA.A) announces that it has operated the drilling and casing of a potential Cardium horizontal oil and gas well located at 9-22-46-6 W5M in the Buck Lake (Pembina) area of Alberta. The Company anticipates commencing completion and fracing (stimulation) operations on the well prior to year end. Solara has a 35% working interest in the well and in 480 acres on the Cardium prospect. Solara has working interests varying from 20% to 80% in five producing Cardium horizontal oil and gas wells in the Buck Lake Area with up to six additional drilling locations on its lands. The Company has plans to proceed with the drilling of two of these Cardium drilling locations in January, 2012.

About Solara Exploration

Solara Exploration focuses on the exploration, development and production of oil and gas properties within its core areas in the Buck Lake (Pembina) and Sylvan Lake areas and a heavy oil project in the Dewberry area of eastern Alberta. Solara is a publicly traded junior oil and gas company listed on the TSXV under the trading symbol SAA.A. More information is available on the Company's website at www.solaraexploration.com.

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding interpretation of seismic and well data, future plans and objectives of Solara Exploration Ltd., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated or expected in such statements. In particular, various factors can cause delays or prevent the Corporation from carrying out its completion and production programs as scheduled, including but not limited to unavailability of equipment, funding and manpower or delays in the production, marketing and transportation of product. The existence of discoveries in structures and formations in the regions where Solara Exploration Ltd. is drilling, and the previous testing of oil and gas flows in the same structure, does not necessarily assure that the company will be successful with its completion and production programs. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Solara Exploration Ltd. does not undertake any obligations to update forward-looking statements except as required by applicable securities laws. Important factors that could cause actual results to differ materially from Solara Exploration Ltd. expectations are risks detailed herein and from time to time in the continuous disclosure filings made by Solara Exploration Ltd. with securities regulators on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

79,320,732 Class A Shares

READER ADVISORY: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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