Drilling update

Solomon Gold PLC
05 November 2007


                                Solomon Gold plc


               Spectacular high grade gold discovery at Sutakiki


Highlights


 •  Spectacular, high gold grades at Sutakiki in drillhole SK11:

         32 m @ 9.75 g/t gold from 108 m depth including 10 m @ 21 g/t.

 •  Mineralisation occurs in favourable high level vein systems, with visible
    free gold in places

 •  Structural interpretation and magnetics defines potential extensions up
    to 1 km to west

 •  Drilling commenced at Chikora porphyry copper project. First drillhole
    CK01 intersects disseminated copper mineralisation.

 •  Hole KL 02 at Mbina terminated at 580 m depth

 •  Hole KL 03 commenced to test western extension of Mbina vein trend and
    magnetic porphyry related features.


Solomon Gold advises that it has intersected high grade gold mineralisation at
its Sutakiki Gold Prospect on Guadalcanal, Solomon Islands. The intersection, in
drillhole SK11 between 108 and 140 metres depth graded 9.45 g/t gold over 32
metres and included a very high grade zone of 10 metres at 21.1 g/t gold ,
including 1 metre at a grade of 74g/t gold. Free visible gold is evident in the
core at a number of points throughout the intersection. Copper grades up to a
maximum of 0.28% copper over a 1 metre section between 135 and 136 metres. The
drillhole appears to have intersected the mineralisation at an angle close to
the host structure and the intersection in the drillhole is therefore believed
to be close to the true thickness. Table 1, as found on the Company's website 
(www.solomongold.com), sets out the detailed assay results on a metre by metre
basis for the intersection.

The intersection represents a zone of favourable vein minerals (including quartz
and calcite) which has been emplaced in several phases on a substantial fault
zone trending west north west. The fault cuts across basic volcanic rocks of the
Suta Volcanics unit. Mineralisation is also evident on north easterly trending
fractures related to the main north easterly transform structure through
Guadalcanal. The transform controls the localisation of numerous prospects in
Exploration Licences held by Solomon Gold plc on Guadalcanal. The structure is
also believed to localise the 2 million ounce Gold Ridge deposit held by a third
party, 13 km north north east of Sutakiki.

Solomon Gold has identified magnetic anomalies which indicate extensions to the
high grade zone for approximately 1 km to the west. The extension is broadly
coincident with the previously identified Ulunda dome structure, the Uluda dome.
Rock chip sampling in the Ulunda area on Vurakindi creek has returned
mineralisation to 3.85 g/t gold in a diatreme (intrusive) breccia, a fragmental
rock type indicative of a mineralisation event in the area. The results to date
confirm that the Ulunda area is a high priority, high grade target.

Solomon Gold intends to relocate additional drilling rigs from the Koloula
Valley to the Sutakiki Valley to expedite drilling on the highgrade structure
discovered in hole SK11.


Chikora Porphyry Prospect

At Chikora, 2 km south west of Mbina in the Koloula valley and and 6km south
west of Sutakiki, Solomon Gold has commenced a two hole drilling program. The
first hole CK01 has penetrated 44 m of loose surface material before entering
disseminated 1% bornite (copper sulphide) mineralisation in a porphyry
intrusive. The company is testing an area of high copper anomalies in soils and
a drill intersection by Utah Mining in 1974. Utah intersected 115m @ 0.34%
Copper and 142 ppm Molybdenum between 152m and 266m, the end of the hole.
Importantly the intersection showed mineralisation strengthening with depth.
Maximum values of 0.76% Cu and 820ppm Molybdenum (0.082%) were intersected in
the zone near the end of the Utah hole. The hole was drilled vertically and is
believed to have missed the sub-vertical quartz copper molybdenum sulphide veins
outcropping in the Chikora prospect area. The current Solomon gold hole CK01 is
inclined so as to better test the steeply dipping veins in the area.


Maps

Maps outlining the drilling programme referred to in this announcement may be
accessed on Solomon gold's website www.solomongold.com


Contact

Mr Nicholas Mather
CEO
Tel: [phone] or [e-mail]


Mr Duncan Cornish
Secretary
Tel: [phone] or [e-mail]


Mr Simon Edwards
Evolution Securities Limited
Tel: [phone] or [e-mail]


About Solomon Gold plc

Solomon Gold holds extensive tenements on the main Island of Guadalcanal Solomon
Islands, for minerals exploration, focusing on copper and gold rich porphyry
systems and high grade epithermal gold mineralisation. The company listed on AIM
on 10/2/06 after a £5m capital raising. The company has identified approximately
30 km2 of mineralisation indicative of significant porphyry copper gold and
epithermal gold mineralisation systems and is currently conducting a three rig
program drilling key targets. Solomon Gold believes the area to host potential
for the discovery of a world class copper gold porphyry system similar to other
large orebodies in the region such as Ok Tedi, Grasberg and Bougainville. The
company is staffed by an active team of expatriate and Solomon Island geologists
and field hands, supported by integrated logistics support services including a
helicopter contract.

The program is now augmented by the services of two drilling contractors
operating a total of three rigs for Solomon Gold, and a helicopter service
contract.

It is the current intention of Solomon Gold to define a world class porphyry
copper gold deposit with an overprinted high grade 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 between Sutakiki and Chikora.

The high grade gold mineralisation encountered in the recent drilling is
characteristic of high grade gold deposits related to mineralised transform
structures in Papua New Guinea and the Indonesian archipelago.


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.



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