Solid appoints new Director, closes private placement and issues shares for debt



    
    TSXV:       SRW
    FRANKFURT:  A0BLQQ
    

    EDMONTON, May 6 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company")
is pleased to announce the appointment of Mr. D. Randy Hayward to the Board of
directors. Mr. Hayward has maintained a successful law practice in Edmonton
for 20 years. During the latter phase of his law practice, he founded and
managed Canadian Dispute Resolution (Alberta) Ltd. and marketed the service of
mediation to the legal community and the insurance industry. Mr. Hayward also
earned his Diploma in Counselling at P.D. Seminars from the haven Institute on
Gabriola Island, B.C. After relocating to the west coast from Edmonton, he has
worked with numerous private and public companies for 15 years. Mr. Hayward
has been a consultant to a number of successful public companies trading on
the TSX Venture Exchange, raising investment capital and working in corporate
communications, business development and investor relations. In August of
2006, he became the President of Poly Pacific International, a junior
industrial company.
    Concurrent with Mr. Hayward's appointment, the Company has granted to him
an aggregate of 150,000 options to purchase commons shares of the Company. The
options expire at the end of five years and the exercise price is $.24 per
share.
    Mr. Henry Froese has resigned his position as a board member, due to
personal reasons and other commitments.
    The Company also announces that it has received regulatory approval to
close a private placement of 6,900,000 Units at a price of $.05 per Unit for
total gross proceeds of $345,000.00. Each unit consists of one Common Share
and one Common share Purchase Unit. Each Warrant is exercisable for a period
of 24 months at a price of $.075 if exercised during the first twelve months
and $.10 if exercised thereafter. The common shares of Solid acquired pursuant
to this private placement are subject to a four month hold period which will
expire on August 21, 2009.
    Also, further to a news release issued on April 9, 2009, the Company has
received approval from the TSX Venture Exchange to issue 1,254,960 shares at
$.05 per share to settle outstanding debt for $62,748.

    Certain statements contained in this press release, including statements
which are related to exploration activity and future prospects and
profitability and which may contain words such as "could", "should", "expect",
"believe", "will" and similar expressions and statements relating to matters
that are not historical facts are forward-looking statements. Such
forward-looking statements involve known and unknown risks and uncertainties
which may cause the actual results, performances and/or achievements of Solid
to be materially different from any future results, performances or
achievements expressed or implied by such forward-looking statements. Such
factors include fluctuations in the market conditions and prices of tantalum,
lithium, tin, silver and other metals and related products and services;
competition; political and economic conditions in countries in which Solid
does business; changes in laws and regulations, including environmental
regulations, to which Solid is subject, and other factors which are described
in further detail in Solid's filings with the Canadian Securities Regulators.

    
    The TSX Venture Exchange has not reviewed or approved this press release,
    and the Exchange does not accept responsibility for the adequacy or the
    accuracy of this release.
    





For further information:

For further information: Garnet Harter, Director, (780) 416-7525,
gharter@solidresources.com

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Solid Resources Ltd.

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