Admission to AIM

Solomon Gold PLC
10 February 2006

                                                                10 February 2006



Embargoed awaiting LSE AIM Notice at 7.00am



                                Solomon Gold plc
                 ('Solomon Gold' or the 'Company'; ticker SOLG)

                                Admission to AIM



Highlights:



  • Exploration for copper and gold in Solomon Islands.



  • 4 exploration licences and 2 applications which are located on a part of
    the south-west Pacific Rim known for >40Moz Gold Equivalent Value ore
    bodies.



  • ' Solomon Islands is perhaps the most prospective Pacific island country
    for minerals after PNG' - South Pacific Applied Geoscience Commission 2001.



  • ' The project area covers the most prospective areas in Guadalcanal for
    porphyry copper-gold mineralisation' - Kenex independent prospectivity
    analysis 2005.



  • Established operational capability - expatriate staff, drilling rig and
    helicopter all on Guadalcanal and ready to commence drilling soon after
    Admission.



  • Land access secured over key targets.



Solomon Gold plc today announces the commencement of trading on AIM after a
placing by Williams de Broe raised £5.0million before expenses.  The Company has
issued 10,000,000 placing shares, representing 37.3 per cent. of the enlarged
issued share capital of the Company, at 50p per share.  Williams de Broe is
acting as the Company's Nominated Adviser and broker.



The funds raised will be used to advance the Company's four exploration licences
(Mbetilonga, Koloula, Sutakiki and Central Guadalcanal) on the island of
Guadalcanal, Solomon Islands, in the South West Pacific region of the 'Rim of
Fire' where the Company plans to commence drilling shortly.  The South West
Pacific region is recognised as one of the most prolific zones in the world for
world class copper-gold porphyry systems and epithermal gold deposits.
Neighbouring Papua New Guinea hosts Ok Tedi, Lihir Island and Panguna,
Bougainville, each with more than 40 million ounces gold equivalent in combined
production and resources, and in Irian Jaya, Indonesia, lies the giant 100
million ounce equivalent Grasberg deposit. The Solomon Islands have been
identified by the South Pacific Geoscience Commission as perhaps the most
prospective country on the south west Pacific Rim after Papua New Guinea.



Solomon Gold's wholly-owned subsidiary Australian Resource Management Pty Ltd
(ARM) has held four exploration licences and two applications on the main island
of Guadalcanal since 1995 and, thus, has extensive experience in exploration of
the area. Solomon Gold's licensed areas cover ground of similar structural and
intrusive geology to the world class copper and gold mines in the region.



The Company was granted fresh exploration tenure in November 2005, and has
secured the key elements to enable an early and active exploration programme.
This includes the engagement of David Jelley as Executive Director with special
responsibility for the field project and general management of the Company's
operations in Solomon Islands.  He was ARM's Project Geologist in the Solomon
Islands from 1996 until field work was suspended in 1998. A drilling rig,
helicopter and local and expatriate exploration staff have been engaged, and all
are supported by an operations base in Honiara, the capital of Solomon Islands.



For more information please contact:


Nicholas Mather, Chief Executive     Tel [phone] /  [phone]
Solomon Gold plc

Simon Edwards/Kevin Tomlinson        Tel: [phone]
Williams de Broe

Pam Spooner/Abby Singleton           Tel: + 44(0) 207 429 6604/ 6606
Conduit PR                           [e-mail]/ [e-mail]



BACKGROUND



Solomon Gold plc's projects are located on the island of Guadalcanal in Solomon
Islands, in the south-west Pacific to the east of Papua New Guinea.



The island of Guadalcanal is located on the Pacific Rim of Fire, known for its
large porphyry copper-gold ore bodies. The Rim of Fire includes the Andean belt
in Chile, the south-western USA cordillera, western Canada, Japan, the
Philippines, Indonesia and Papua New Guinea.  In the south-west Pacific, the Rim
of Fire hosts numerous ore bodies each of which have in excess of 40m ounces of
Gold Equivalent Value.  These ore bodies include several in Papua New Guinea
which are considered by the Directors to occur in a geological environment
similar to that seen on Guadalcanal.



ARM, a 100% subsidiary of Solomon Gold, has held prospecting licenses over these
areas since 1995 and between 1996 and 1998 conducted detailed reconnaissance
mapping and sampling exploration programme in the area. The tenements are valid
until 10 November 2008, with extensions of up to a further four years available
at the option of the Company.



Twenty-two targets have been identified from earlier works, twelve of which are
considered to have immediate potential for follow-up work.  Four of these
targets had been followed up between 1996-98 and significant porphyry
copper-gold mineralization associated with two intrusive rock suites was
identified at Mbetilonga and Koloula-Sutaki.



ARM's tenement areas on Guadalcanal cover two main intrusive centres, the most
prospective areas in Guadalcanal for copper-gold porphyry.   Both areas contain
active and strong mineralising systems rich in gold and/or copper.



Within the Mbetilonga intrusive centre, the northern boundary of which lies only
8km south of the capital Honiara, a portfolio of high grade copper and high
grade epithermal gold prospects are preserved within the Mbetilonga Basin, a
complete metalliferous system covering approximately 56km2.  South-east of the
Mbetilonga intrusive centre, the more deeply eroded Koloula-Sutakiki intrusive
centre is concentrated at the head of the Koloula and Sutakiki Valleys.
Sampling in this area has identified extensive gold mineralisation in a halo
around the margins of the Koloula intrusives. Gold/silver mineralisation at
Sutakiki is considered to be epithermal and emplaced peripherally to a large
porphyry system located in the south-west corner of the Sutakiki tenement area
and the north-east corner of the Koloula tenement area. The copper
mineralisation identified at Chikora and Hambusimaloso is representative of
supergene copper enrichment zones.



The Directors and management have successful records in the discovery of ore
bodies and extensive experience in the fields of mineral exploration and
assessment. Solomon Gold's senior management also has experience in conducting
business and operations in Solomon Islands, with a demonstrated ability to
liaise with both local government and inhabitants. David Jelley, as Executive
Director (Operations), is based in Honiara, the Capital of the Solomon Islands.





BOARD OF DIRECTORS



Cameron Wenck, Non-Executive Chairman

Cameron Wenck is a financial adviser and company director with 18 years'
experience in the financial services industry.  Earlier in his career he worked
for London stockbrokers Scrimgeour Vickers and chartered accountants
PricewaterhouseCoopers.  He has a Bachelor of Commerce, a Diploma of Financial
Planning, is a Fellow of the Australian Society of Accountants and a Certified
Financial Planner.



Nicholas Mather, Chief Executive Officer

Nicholas Mather graduated in 1979 from the University of Queensland with a B.Sc.
(Hons, Geology).  He has 25 years' experience in exploration and resource
company management in a variety of countries.  His career has taken him to
numerous countries exploring for precious and base metals and fossil fuels, and
has focused his attention on the identification of and investment in large
resource exploration projects.  He was managing director of BeMaX Resources NL
(an ASX-listed company) from 1997 until 2000 and instrumental in the discovery
of the world class Ginkgo mineral sand deposit in the Murray Basin in 1998. As
an executive director of Arrow Energy NL (also ASX-listed) until his resignation
in 2004, Nicholas Mather drove the acquisition and business development of
Arrow's large Surat Basin Coal Bed Methane project in south-east Queensland.  He
was managing director of Auralia Resources NL, a junior gold explorer, before
its AUD$23 million merger with Ross Mining NL in 1995. He was a non-executive
director of Ballarat Goldfields NL until 2004, having assisted that company in
its recapitalisation and requotation on the ASX in 2003. He is currently Chief
Executive of D'Aguilar Gold and is a non-executive director of ASX-listed Bow
Energy Limited.



David Jelley, Executive Director, Operations

David Jelley undertook a Bachelor of Applied Science, majoring in geology,
followed by post graduate honours studies at the University of Ballarat in the
late 1980s.  Since then he has worked for numerous companies, including
Pasminco, Newcrest, BeMaX Resources NL and ARM. Following a career in gold and
base metals, David Jelley started in the mineral sands industry in 1998 and was
instrumental in the discovery of over 1.5 billion tonnes of heavy mineral
bearing sands, including the world class Ginkgo and Snapper mineral sands
deposits in the Murray Basin near Pooncarie, New South Wales. The Ginkgo deposit
is now in development and Snapper should be developed in the next three years.
David Jelley was the project geologist then senior geologist in charge of ARM's
previous exploration on the Tenements during its campaign on Guadalcanal from
1996 to 1998. His years as exploration manager on the world class Pooncarie
mineral sands project in south-western New South Wales, Australia have equipped
him with the necessary management skills to pursue ARM's projects on
Guadalcanal.



Brian Moller, Non-Executive Director

Brian Moller is a corporate partner in the Brisbane-based law firm Hopgood Ganim
Lawyers, the Australian solicitors to the Company.  He was admitted as a
solicitor in 1981 and has been a partner at Hopgood Ganim since 1983.  He
practices almost exclusively in the corporate area with an emphasis on capital
raising, mergers and acquisitions. Brian Moller holds an LLB Hons from the
University of Queensland and is a member of the Australian Mining and Petroleum
Law Association. He acts for many publicly-listed resource and industrial
companies and brings a wealth of experience and expertise to the board,
particularly in the corporate regulatory and governance areas.  He is a
non-executive director of D'Aguilar Gold.



Dr Robert Weinberg, Non-Executive Director

Rob Weinberg gained his doctorate in geology from Oxford University in 1973.  He
has more than 30 years' experience of the international mining industry and is
an independent mining research analyst and consultant. Prior to his current
activities he was Managing Director, Institutional Investment at the World Gold
Council, and a Director of Gold Bullion Securities. Previously he was a Director
of the investment banking division at Deutsche Bank in London after having been
head of the global mining research team at SG Warburg Securities.  He has also
held senior positions within Societe Generale and was head of the mining team at
James Capel & Co.  He was formerly marketing manager of the gold and uranium
division of Anglo American Corporation of South Africa Ltd. Dr Weinberg is also
a non-executive Director of Falkland Gold and Minerals Ltd., and of Platinum
Mining Corporation of India PLC.




                      This information is provided by RNS
            The company news service from the London Stock Exchange