Drilling Report

Solomon Gold PLC
12 January 2007



                                Solomon Gold Plc


Solomon Gold plc Update - Sutakiki pace quickens for Solomon Gold plc


Highlights


   •The second drilling rig has arrived in Honiara and will be mobilised to
    the Sutakiki Copper Gold project as soon as possible.


   •Drill hole SK 001 is at a depth of 500 metres and will be continued to a
    total planned depth of 600 metres.


   •Visible vein and disseminated copper sulphide mineralisation is
    continuing in the drill hole SK 001.


   •Increasing copper sulphides and magnetite with depth suggests proximity
    to a high grade porphyry system.


   •Additional surface sampling results from exposed outcrops between the
    Sutakiki discovery outcrop and Tawawane Creek at its junction with the
    Sutakiki River 600 metres to the east, confirm the tenor of the mineralised
    zone. All 60 samples average 3g/t gold and range from <.01 g/t gold to 57.7
    g/t gold


Second drilling rig to expedite evaluation of Sutakiki


The Directors of Solomon Gold plc advise that the second drilling rig has
arrived in Honiara on schedule and is currently being transported to the
Sutakiki Gold prospect immediately. The first hole at Sutakiki is continuing and
is at a current depth of 500 meters en route to a planned total depth of 600
metres down hole.


The second drill hole will be commenced using the additional drilling rig as
soon as the mobilisation is completed. The hole is designed to target the
strongly mineralised zone at a shallower depth and drill across its entire
width. The hole is planned to intersect the zone approximately 600 metres along
strike from the current intersection, targeting highly anomalous surface samples
returning up to 150g/t gold. The planned drilling pattern for the mineralised
zone is currently at 150 metre spacing along the entire 1.5 kilometre strike
length and 500 metre width. A total of 10,000 meters of diamond drilling for 20
holes are planned over the mineralised zone initially.


Discovery of Sutakiki


The Sutakiki Copper - Gold Project was discovered by Solomon Gold plc following
up historic stream sediments samples anomalous in gold in the Sutakiki River,
which were collected by Newmont Mining Corporation in 1988. Sampling of the
discovery zone by Solomon Gold geologists in August 2006 yielded an average of 7
g/t gold and 0.41 % copper in outcropping quartz vein systems on the banks of
the Sutakiki River. Maximum values of 1020 g/t gold and 3.29% copper were
returned. Mineralisation was noted wherever outcrop was evident over the 1.5 km
strike length and subsequent sampling reported in November 2006 confirmed the
tenor of the mineralisation in Tawawane Creek , 600 metres east of the Sutakiki
discovery outcrop. This announcement reports the assay results from
mineralisation in outcrops on the Sutakiki River between the discovery outcrop
and Tawawane Creek, 600 metres to the east of the discovery outcrop. Sixty
samples returned a maximum of 57.7 g/t gold and averaged 3.0g/t gold from veined
and mineralised Suta Volcanics and porphyry intrusive rocks.


Strong visible mineralisation in the first drill hole


Mineralisation in the current drill-hole ranges from high level epithermal
styles first encountered at a depth of approximately 90 metres; to styles rich
in copper sulphides and magnetite, characteristic of the core potassic zone of a
classic oxidised copper and gold rich south west Pacific porphyry system. The
Board believes there are considerable geological similarities between the
Sutakiki Copper Gold project and the Bougainville porphyry in PNG which yielded
nearly 10 million ounces of gold and 3 million tonnes of copper prior to its
closure in 1986.


Solomon Gold expects to receive results for the mineralised section of the
drill-hole below 90 metres in the coming weeks.


Objectives for 2007


The company intends to drill additional holes totalling 10,000 metres over the
coming year at Sutakiki; with additional programs at Mbetilonga near Honiara and
the Mbina, in the Koloula Valley, south of Sutakiki and at the nearby Kuma
prospect; subject to the results of sampling programs. Kuma, Sutakiki and Mbina
appear to be part of a regionally significant 50 square kilometre intrusive
porphyry system exhibiting classic mineralisation and geophysical features.


About Solomon Gold plc


The Solomon Gold exploration programme on Guadalcanal is based in Honiara where
the company has established an office from which to manage the field program,
including government and landholder liaison, logistics, technical and data
management and sample preparation and despatch centre. The Company stores a
split half of the cores from the drilling program for future reference and
referee testing and use in future studies including feasibility programs.
Databases are managed in house and backed up independently and externally. The
exploration program is staffed by both local and highly experienced expatriate
geologists and headed by Mr David Jelley, Executive Director Operations for
Solomon Gold plc and the local operating subsidiary, Australian resource
Management (ARM) Pty Ltd. The Company has, through ARM, held licences over the
most prospective ground on Guadalcanal since 1995 and enjoys the support of the
local communities with which the Company has developed mutually cooperative and
supportive relationships over the last ten years.


The programme is now augmented by the services of two drilling contractors and a
helicopter service contract.


It is the current intention of Solomon Gold plc to define a world class porphyry
copper gold deposit with an overprinted epithermal gold deposit and ultimately
bring it to production. Solomon Gold has access to the required exploration
development and financing skills to achieve this goal. The south western Pacific
Rim of Fire is host to a number of ore bodies which have hosted in excess of 40
million ounces of gold and copper as gold equivalent. These projects exemplify
the potential evident at Sutakiki.


The Company has 26.5 million shares on issue having completed a capital raising
of £5 million and listing on AIM in February 2006.

Qualified Person

Information in this report relating to the exploration results is based on data
reviewed by Mr Nicholas Mather (B.Sc. Hons Geol.), the Chief Executive Officer
of the Company. Mr Mather is a Fellow of  the Australasian Institute of Mining
and Metallurgy who has in excess of 25 years experience in mineral exploration
and  is a Qualified Person under the AIM Rules. Mr Mather consents to the
inclusion of the information in the form and  context in which it appears.


Contacts:


Nicholas Mather, Chief Executive Officer

Email: [e-mail]

Phone [phone] (mobile), 61 7 33030660 (office)


Duncan Cornish, Secretary

Email: [e-mail]

Phone [phone] (mobile), 61 7 33030660 (office)



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