Solid Gold Resources Corp.

Solid Gold Resources Corp.

December 21, 2011 15:57 ET

Solid Gold Drilling Continues at Lake Abitibi

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2011) - Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE:SLD) reports that hearing for the Wahgoshig First Nation motion seeking to delay drilling at Solid Gold's Lake Abitibi property was held on December 20, 2011.

The thrust of the First Nation's action appears to be an effort to establish the power to deny resource companies access to crown land absent the First Nation's consent, Stated Darryl Stretch, President of Solid Gold.

The hearing was extensive and ran into the evening. The court indicated that a decision was not likely to be made until the end of January 2012.

Drilling continues in the area of the SG 09 discovery where high grade gold was discovered earlier this year.

Business of Solid Gold Resources Corp.

Solid Gold is a junior mining exploration and development company, which controls a +/-200- square-kilometer prospect hosting potential for discovery of economic mineralization at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Solid Gold believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Solid Gold disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Neither 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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