Issue of Equity

Solomon Gold PLC
31 January 2008

31 January, 2008

Announcement to London Stock Exchange

Solomon Gold plc



GRANT OF SHARE OPTIONS TO DIRECTORS



On 31 January 2008 the Company granted a total of 1,000,000 share options, for
nil consideration, to directors of the Company over the Company's ordinary
shares of 1 pence each ('Ordinary Shares').  These share options were granted at
exercise prices between 25 pence and 75 pence per Ordinary Share.  The period
during which these share options can be exercised is between 31 January 2008 and
31 December 2010.  A breakdown of the options issued is set out below:




Recipient/Directors         Title              Number of share      Number of share options 
                                               options granted        as a percentage
                                                                      of current 
                                                                      issued share capital

Nicholas Mather      Chief Executive Officer         500,000               1.13%
Cameron Wenck        Non-Executive Chairman          200,000               0.45%
Brian Moller         Non-Executive Director          150,000               0.34%
Robert Weinberg      Non-Executive Director          150,000               0.34%



The Company's Articles provide that the Directors are entitled to grant options
over the Ordinary Shares of the Company.  However, the Directors resolved to
defer to members for approval of the grant of options noted above.  At the AGM
held today (31 January 2008), shareholders voted overwhelmingly in favour of the
resolutions to grant the options.


Following today's grant of options, the Directors interests (either directly or
indirectly) in Ordinary Shares and options are set out below.


           Director       Ordinary Shares   % total      Previous Options     31-Jan-08 Options
                                                          £0.50 - £1.00 *     £0.25 - £0.75
                                                                             Expire 31-Dec-10
Nicholas Mather            2,905,680         6.6%               700,000               500,000
Cameron Wenck                332,045         0.8%                75,000               200,000
Brian Moller                 210,518         0.5%                75,000               150,000
Robert Weinberg               82,556         0.2%                75,000               150,000
Total Company             44,325,001

*Note: the previously granted options expire between 1-Jan-10 and 1-Jan-11.



By order of the Board
DP Cornish
Company Secretary


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


Mr Stephen Weir
RFC Corporate Finance
Nominated Advisor
Tel [phone] or [e-mail]


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