Solid Resources Ltd.

Solid Resources Ltd.

June 18, 2013 12:55 ET

Solid Resources Announces Proposed Extension of Warrant Term

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 18, 2013) - Solid Resources Ltd. ("Solid" or the "Company") (TSX VENTURE:SRW)(OTCQX:SLDRF)(FRANKFURT:YRS) has applied to the TSX Venture Exchange for approval to extend the expiry date of 10,000,000 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in July 2011. The Warrants are exercisable for common shares of Solid at a price of $0.15 per share and will currently expire at 4:30 p.m., Calgary, Alberta time on July 15, 2013. The Company is proposing to extend the expiry date of the warrants by an additional six (6) months to 4:30 p.m., Calgary, Alberta time on January 15, 2014. All other terms and conditions of the warrants, including the exercise price, will remain the same. The proposed extension of the expiry is conditional upon the receipt of Exchange approval.

Additional details of the warrants are provided in Solid's press release dated July 15, 2011. The expiry date of the compensation warrants issued under the private placement to certain finders is not subject to extension and remains July 15, 2013.

Solid Resources is a Canadian junior mining company focused in Spain on the exploration and development of rare metals and iron ore. The Company is currently in the late stage of receiving a mining permit on the Alberta-1 tantalum, tin, lithium property in north-western Spain and re-opening 62 iron ore concessions in south-eastern Spain.

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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