Solomon Resources Limited
TSX VENTURE : SRB

Solomon Resources Limited

July 08, 2011 09:30 ET

Solomon Resources Appoints Peter Vermeulen to Advisory Board

VERNON, BRITISH COLUMBIA--(Marketwire - July 8, 2011) - Solomon Resources Limited (TSX VENTURE:SRB) is pleased to announce that Mr. Peter Vermeulen, M.Sc, has been appointed to the Company's Advisory Board. Mr. Vermeulen lives in the Amsterdam area and is a Dutch national.

Mr. Vermeulen is a director of a private European closed-end investment company where he is responsible for investments in mineral exploration companies. He attended the University of Groningen (The Netherlands) and obtained a M.Sc. in Finance in 2007. Upon graduation he specialized as an equity analyst focussed on the mineral exploration sector and joined Inveztor.nl, a Dutch financial website, of which he became a director in 2009. He is also a co-editor of the newsletter "The Capitalist" for which he writes the gold section and runs a successful model portfolio.

Mr. Vermeulen has a particular focus on Yukon mineral exploration companies.

Randy Rogers, Solomon's President and CEO noted: "Solomon is very pleased that Peter has joined our Advisory Board. We have been very pleased with our informal association with him for the past year and he is a welcome addition to our advisory board. Mr. Vermeulen is well-connected with junior exploration companies and is our primary connection to our European investor base. Peter is very familiar with the Yukon and with Solomon's projects in particular. His advice will be instrumental in increasing shareholder value."

Solomon reports that it has granted a stock option to Mr. Vermeulen to purchase an aggregate of 200,000 shares. The options are exercisable on or before June 30th, 2016 at a price of $0.17 per share.

About Solomon Resources Ltd.:

Solomon Resources Ltd. is a Canadian public company focused on the acquisition, exploration and development of quality mineral properties worldwide. Solomon is managed by a proven team of exploration geologists involved with the discovery and development of a number of significant mineral deposits including the Snip and Eskay Creek deposits in British Columbia and the Brewery Creek deposit in the Yukon Territory.

Solomon's business model is that of a Project Generator. To build shareholder value, the Company intends to acquire highly prospective mineral tenures in stable jurisdictions with the objective of adding value through grassroots exploration and target refinement and then seeking option or joint venture partners through to production.

The Project Generator model is particularly suited to the Company's ongoing interest in the Yukon Territory where we have a wealth of intellectual capital and experience.

For additional information visit Solomon's website at www.solomonresources.ca.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accept responsibility for the adequacy or accuracy of this release

Contact Information

  • Solomon Resources Limited
    Randall S. Rogers M.Sc., P.Geo.
    President and Chief Executive Officer
    (778) 475-5551
    778-475-5541 (FAX)
    www.solomonresources.ca