Australian Solomons Gold strengthens management team and Board of Directors



    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
    FOR DISSEMINATION IN THE UNITED STATES./

    TORONTO, Nov. 19 /CNW/ - Australian Solomons Gold Limited (TSX:SGA)
("ASG" or the "Company") is pleased to announce that it has appointed John
Blake, a mining professional with 33 years experience in developing and
operating offshore projects in the region, as CEO. The Company's current CEO,
Mr John Bovard, will move seamlessly into the position of Director, with a
specific mandate to assist with Government relations in the Solomon Islands
and matters of corporate strategy. The Board of Directors wishes to
acknowledge the significant contribution that Mr. Bovard has made to ASG in
his role as CEO and is pleased that he will continue his contribution to the
success of the company through his new role as a Director of the Company.
    Mr. Blake has more than 30 years experience in the mining industry, for
the last 11 years John has been working in Indonesia, most recently as a
Director of Agincourt Resources, Director of Operations for Newcrest Mining
and General Manager for MacMahon Contractors. At Newcrest John was responsible
for development, construction and production operations for the Gosowong and
Toguraci open pit Gold mines and the Kencana underground Gold mine. John holds
a Masters in Engineering Science (Mining) an M.B.A. and a Doctor of Business
Administration and is a Member of the Australasian Institute of Mining and
Metallurgy.
    Chairman of the company, Stephen Everett, said "it is integral to the
success of ASG that we have the team in place to now see the Gold Ridge
Project through to production. We are fortunate to secure a very seasoned
Chief Executive in John Blake whose experience, particularly in mining
operations in the wet tropics and his understanding of all levels of the
community from villagers to the national government, are vital as we move into
the next phase of construction and operations. We look forward to the
commencement of the construction activities in the near future."

    About ASG

    ASG is rapidly redeveloping the Gold Ridge Project, a former producing
gold mine acquired by the Company in May 2005. With a recently completed
Feasibility Study in hand, the Company is scheduled to commence gold
production in June 2009. Gold Ridge is located on Guadalcanal in the Solomon
Islands. The mine operated from August 1998 to June 2000 and produced
approximately 210,000 oz of gold during this period. Current reserves are
1.1 million ounces. The company has an active ongoing exploration program and
expects to release a further set of drill results in early January, as they
become available.
    Additional information is available on www.sedar.com and at the Company
web site at www.solomonsgold.com.au

    Cautionary Statement Regarding Forward-Looking Information

    All statements, trend analysis and other information contained in this
press release relative to markets for ASG's trends in resources, recoveries,
production and anticipated expense levels, as well as other statements about
anticipated future events or results constitute forward-looking statements.
Forward-looking statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate", "expect"
and "intend" and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations
to differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management
at the date the statements are made. Some of these risks, uncertainties and
other factors are described under the heading "Risk Factors" in the Company's
Annual Information Form available on www.sedar.com. ASG does not undertake any
obligation to update forward-looking statements even if circumstances or
management's estimates or opinions should change. Investors should not place
undue reliance on forward-looking statements.

    The Toronto Stock Exchange has neither approved nor disapproved the
    contents of this press release

    %SEDAR: 00023730E




For further information:

For further information: ASG: John Bovard, CEO, +617 3624 9003 (office),
or cell +61 (0) 423 607 290, john.bovard@solomonsgold.com.au; Please note that
the Head Office of ASG is located in Queensland, Australia and is 14 hours
ahead of Toronto time; Rebecca Greco, Investor Relations Manager, (416)
839-8610, rebecca.greco@solomonsgold.com.au; Investor Relations - The Equicom
Group, Toronto, Canada, Martti Kangas, (416) 815-0700 x 243,
mkangas@equicomgroup.com; Michael Joyner, (416) 815-0700 x 275,
mjoyner@equicomgroup.com

Organization Profile

AUSTRALIAN SOLOMONS GOLD LIMITED

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