RE: seems to becoming good30 Nov 2011 12:30
RNS Number : 0636T
Solomon Gold PLC
30 November 2011

30 November 2011
Solomon Gold Plc
("Solomon Gold" or the "Company")
Inferred Resource Estimate at Rannes increased by 20% to 812,000oz of gold equivalent
Drilling continues to target 2Moz of Gold equivalent
Solomon Gold (AIM Code: SOLG is pleased to announce a further upgrade of its Inferred resource at its 100% owned Rannes Project in Central Queensland, Australia, from 675,779oz to 812,000oz, representing a 20% increase.
Today's resource estimate upgrade follows on from the Company's statement, dated 29 September 2011, announcing a 24% increase Inferred resource estimate at Rannes.
HIGHLIGHTS
· Solomon Gold Inferred mineral resource at Rannes increased by 20%.
· Total Inferred mineral resource estimate upgraded to 25.5Mt at 1.0g/t gold equivalent for 812,307oz of contained gold equivalent (gold to silver ratio of 1 : 40 and a 0.30g/t gold equivalent cut‐off grade).
· Inferred mineral resources at Kauffmans Prospect and Crunchie Prospects increased by 102koz and 34koz of contained gold equivalent respectively.
· Drilling at the Rannes Project continues at Kauffmans, Crunchie , Shilo, Double Scoop and Nicks Prospects, with further encouraging results.
· Solomon Gold's total project-to-date discovery cost (Inferred resource ounces) for Rannes is A$6.70/oz.
· Solomon Gold presenting at upcoming Mines & Money 2011, London.