Sola Resource Corp SL SL.v (fka SOLAF)

[sortagreen]

followed by this one... more to come. Stay tuned.

Sola Resource Corp.: Drilling of Carolina Kimberlite Pipe Progressing Well

6/20/2007
- Major drill program moving ahead

CALGARY, ALBERTA, Jun 20, 2007 (MARKET WIRE via COMTEX News Network) --

Sola Resource Corp. (TSX VENTURE: SL) (the "Company") is recording great success with its drill program on the diamond-bearing Carolina kimberlite pipe near Espigao d'Oeste in the State of Rondonia in northwestern Brazil.

The initial diamond drill hole DDH C-001, located at the centre of a 1.5 hectare (3.7 acre) cleared sector of weathered and undisturbed kimberlite, is progressing well through the kimberlite. It is currently at a depth of 311 metres (1020 ft) and has encountered 100% diatremic kimberlite with sporadic, post-eruptive zeolite and carbonate hydrothermal alteration. The drilling has so far demonstrated that the original crater facies of the eruptive system has been removed by erosion. The drilling has also indicated that the tropical weathering of the pipe extends down to around 25 metres (82 ft) below surface. Thus a considerable volume of easily excavatable weathered kimberlite will be accessible during the upcoming bulk-sampling phases.

Drill hole C-001 is the first of a series of 9 diamond drill holes totaling 2000 metres, which are currently being drilled to transect the Carolina kimberlite. These 9 holes are providing data for the ongoing construction of a Vulcan 3-D model of the Kimberlite that will be used in calculating tonnages for future development and mining scenarios.

A Letter of Intent has been signed between Sola Exploracao Mineral Ltda (a subsidiary of Sola Resource Corp) and Mineracao Comemoracao Ltda. This agreement pertains to an option agreement regarding permitted minerals claims (totaling 120,524.4 hectares i.e. 1205 km2) located in the municipalities of Pimenta Bueno, Cacoal and Espigao d'Oeste in Rondonia.

The Letter of Intent defines a Period of Due Diligence of 60 days from the date of signing of the initial agreement to allow completion of a study of all existing data, samples and legal documents. Should Sola then desire to exercise the option to explore the claims, it and its local operator Canamera Mineracao Ltda will be committed to a minimum of US$500,000 in exploration expenditure over a 2 year period.

CEO Thomas Kovacs stated, "With the tremendous successes being recorded both in our drilling of the Carolina kimberlite pipe and in our regional exploration programs, our enthusiasm for expansion of Sola's interests beyond the 4,000 square kilometre level in Rondonia increases daily."

Prof. Roger D. Morton B.Sc., Ph.D., P.Geol. (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.

ON BEHALF OF THE BOARD OF DIRECTORS OF SOLA RESOURCE CORP.

Thomas Kovacs, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Sola Resource Corp. Thomas Kovacs President and CEO [phone] [phone] (FAX) Email: [e-mail] Website: www.solaresourcecorp.com

SOURCE: Sola Resource Corp.

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