Exploration Programme Update

Solomon Gold PLC
07 August 2006


For immediate release


                                                                   7 August 2006


                                Solomon Gold plc
                          Exploration Programme Update



Highlights


* Additional sample results at Sutakiki continue to substantiate the discovery
of a significant copper gold porphyry system

* Definition of final detailed drill sites at Vatuchichi, Mbetilonga

* Continuing drilling at Hambusimaloso


Solomon Gold plc ('Solomon Gold' or 'the Company' (AIM:SOLG)) the copper and
gold exploration company operating on the island of Guadalcanal in the Solomon
Islands, today announces an exploration update of its licence areas.
The Company has four exploration licences (Mbetilonga, Koloula, Sutakiki and
Central Guadalcanal) on the island of Guadalcanal, the largest in the Solomon
Islands.


Sutakiki


Additional sample results from areas of available outcrop in the Sutakiki River
headwaters have returned further high grade copper and gold results. A tributary
on the southern side of the Sutakiki River was sampled intermittently on
available outcrops over a zone of 90 metres. Gold mineralisation was observed to
be disseminated through the porphyry, without being confined to vein structures,
grading from 0.16 to 16 g/t gold over the 90 metre stretch of the tributary. In
addition, a result of 1,020 g/t (approximately 33 oz per tonne) gold was
returned from a narrow quartz pyrite vein. Veins of this material are believed
to be responsible for the enrichment of the mineralisation above the gold and
copper disseminated throughout the porphyry host which has bulk tonnage
potential in the prospect area.


Potassium rich mineralisation in this creek is believed to indicate close
proximity to the copper rich core of a mineralised porphyry system below. Copper
grades of up to 3.29% and silver of 229 g/t silver from the same vein material
appears to support this interpretation.


Local conditions, characterised by dense vegetation and rubble from landslides
has restricted the number and extent of outcrops from which meaningful samples
may be taken. However, exploration work carried out in areas where
mineralisation is visible and in place at surface suggests that the
mineralisation is open in all directions.


Together with previous exploration results at Sutakiki, encouraging gold and
copper bearing surface mineralisation has now been identified over a 1,000 metre
long zone approximately 600 metres wide in an exposed and mineralised porphyry
covering some 4km2. The mineralisation has been exposed intermittently over a
vertical section of approximately 300 metres. High gold and tellurium values
substantiate the Solomon Gold plc interpretation that the mineralised system is
exposed at a very high level and that significantly higher copper grades will be
present at depth. The Company is sufficiently encouraged by the exploration
results to date to commence planning a drilling programme immediately and have
commenced negotiations to secure a mobile rig as soon as possible.


Mapping and sampling is ongoing at Sutakiki.


Hambusimaloso drilling


Drilling is continuing at MBO3 in difficult terrain and weather conditions. The
hole is targeting a deep magnetic anomaly and coincident molybdenum and copper
anomalism in the soil profile.


Vatuchichi, Grovers Hill and Hahala targets, Mbetilonga


The Company has finalised drill sites at the Vatuchichi and Hahala prospects at
Mbetilonga, 12 to13 km south of the capital Honiara and plans to commence
drilling once the drilling at Hambusimaloso has been completed.


At Hahala, two holes are planned to test for porphyry systems under coincident
gold in soil and magnetic anomalies. A spot gold grade of 82 g/t was returned
from an epithermal quartz vein float beside mapped porphyry rocks grading 0.5g/t
gold, within the area of the soil anomaly. Solomon Gold believes the contact
between the porphyry and the surrounding rocks is prospective for similar high
grade mineralisation. Grovers Hill, a 300 x 200 m breccia showing high tellurium
grades indicative of the top of a porphyry will be tested with one drill hole.
At Vatuchichi, seven holes are planned to test magnetic anomalies underneath
limestone cover, within a broad zone of copper and gold in soils anomalies over
a 1km x 500m area. This area hosts copper and zinc mineralisation in skarns and
epithermal quartz veins, not in situ, assaying from low grades up to 55g/t gold.


Mbetsihata Porphyry Copper Gold prospect


A new porphyry copper gold target at Mbetsihata has been outlined 5 kilometres
to the south-south west of Hambusimaloso on the main north east trending
lineament, on which are also located Hambusimaloso, Grovers, Vatuchichi and
Hahala. The prospect consists of outcropping granodiorite porphyry showing
visibly the copper minerals, bornite and chalcopyrite. Mapping and sampling of
this prospect is planned in the next month.


Koloula


Drilling locations for the main targets in the Koloula Valley are to be
finalised in the next two months. These will include the Chikora copper porphyry
and the Mbina gold rich porphyry at the head of the Koloula Valley, 7km south
south west of the related Sutakiki zone, thought to be geologically related.


In addition, local workers have reported finding numerous15 cm sized/1kg pieces
of native copper said to be have been located between the Chikora and Mbina
prospects on the Company's licence area. Solomon Gold will commence detailed
mapping and sampling in the area next week.


Conclusion


Since its February 2006 flotation the Company has extended its exploration work
and finalised drilling sites at Mbetilonga, discovered a new porphyry system at
Sutakiki and identified a new porphyry target at Mbetsihata. Whilst drilling
results are yet to come, the Directors are encouraged by the results of the
further exploration work at Mbetilonga and excited by the significant new
exploration opportunities at Sutakiki and Mbetsihata.


-End-


A complete copy of this update and details of the Company's exploration project
may be viewed on the Company's website http://www.solomongold.com



For further information:



Solomon Gold                     [phone]
Nicholas Mather, CEO
Duncan Cornish ( Secretary )
Conduit PR                       [phone]/ + 44(0)7739 461 061
Abigail Singleton




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