Australian Solomons Gold tsunami report



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

    TSX:SGA

    TORONTO, April 3 /CNW/ - Australian Solomons Gold Limited (TSX:SGA)
("ASG" or the "Company") wishes to report that the earthquake and subsequent
tsunami that occurred in the Solomon Islands on Monday 2 April has not
affected the Gold Ridge Mine operations.
    The Company is pleased to report that there were no injuries to personnel
and no equipment damage at the plant or mine site. All Honiara based personnel
were evacuated to higher ground as part of the general emergency procedures.
    The Gold Ridge Mine is located on Guadalcanal, one of the five larger
islands of the Solomon Islands. The project lies approximately 30 km
south-east of the capital city, Honiara at an elevation of more than 300
metres above sea level. The tsunami was caused by an earthquake which hit the
western province, approximately 350 kms north-west of the Guadalcanal
province. The tailings storage facility was built to withstand sizeable
earthquakes and was not affected.
    ASG will be working with the relevant Government agencies wherever
possible to aid the provinces impacted by this disaster.

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

    %SEDAR: 00023730E




For further information:

For further information: ASG: Ron Douglas, CEO, (617) 3624 9003
(office), or cell +61 434 679 082, ron.douglas@solomonsgold.com.au, Please
note that the Head Office of ASG is located in Queensland, Australia and is 15
hours ahead of Toronto time; Investor Relations: Martti Kangas, (416) 815-0700
x 243, mkangas@equicomgroup.com; Michael Joyner, (416) 815-0700 x 275,
mjoyner@equicomgroup.com, The Equicom Group, Toronto, Canada

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AUSTRALIAN SOLOMONS GOLD LIMITED

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