Solid to settle certain debts by the issuance of shares



    TSXV: SRW
    FRANKFURT: A0BLQQ

    EDMONTON, July 17 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company")
announced today that it has, subject to obtaining approval from the TSX
Venture Exchange, agreed to issue: (a) 424,010 common shares (with a deemed
issuance price of $0.20 per common share) to McKinders Financial, a
corporation controlled by Mr. Harry McKinders, a Director of the Corporation,
in satisfaction of consulting fees owing in the amount of $74,802; (b) 77,670
common shares (with a deemed issuance price of $0.20 per common share) to Mr.
Leonard Trump, a Director of the Corporation, in satisfaction of consulting
fees owing in the amount of $15,534; and (c) 50,000 common shares (with a
deemed issuance price of $0.20 per common share) to D. Parr Group Inc., an
arms-length party to the Corporation in satisfaction of consulting fees owing
in the amount of $10,500.

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    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 this release and does not
    accept responsibility for the adequacy or the accuracy of this release.





For further information:

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

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Solid Resources Ltd.

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