Issue of Equity

Solomon Gold PLC
31 December 2007

31st December, 2007

Announcement to London Stock Exchange

Solomon Gold plc



GRANT OF SHARE OPTIONS

On 31 December 2007, the Company granted 1,380,000 share options, for nil
consideration, to persons currently employed by 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 share options can be exercised up to 31 December 2010.  Included within this
amount were the following:

Recipient                        Title              Number of share      Number of share options as
                                                    options granted         a percentage of current
                                                                               issued share capital
Jason Ward           Exploration Manager            400,000                                    0.90%

Benn Whistler        Senior Geologist               300,000                                    0.68%

Gavin Dear           Senior Geologist               200,000                                    0.45%

Wilfred Luss         Senior Geologist               200,000                                    0.45%
Nicholas Biliki      Manager of Administration and  100,000                                    0.23%
                     Community Affairs
Duncan Cornish       Company Secretary & CFO        150,000                                    0.34%

Jaishri Narotam      Group Accountant               30,000                                     0.07%




On 31 December 2007, the Company also granted 500,000 share options for nil
consideration over the Ordinary Shares to RFC Corporate Finance Ltd ('RFC'), the
Company's nominated adviser ('NOMAD'), pursuant to terms of engagement agreed
between the Company and RFC and their commencement as the Company's NOMAD on 8
November 2007.  These share options were granted at an exercise price of 20
pence per Ordinary Share, can be exercised up to 8 November 2010, and represent
1.13% of the current issued share capital.



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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