Solid Resources Begins 2011 Drill Program On Rare Metals Property

TSXV:              SRW   

VANCOUVER, Jan. 11 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW; Frankfurt: YRS) announced today that the company has commenced its 2011 Drill Program on its Doade-Presqueira property located in Northwestern Spain, 25 km east of the port city of Pontevedra.

The twenty nine hole drill program totaling approximately 3,500 metres will be supervised by Rolf Burkhardt, Phd. Geol. The expected duration of the drill program is two months and assays will be released as they become available.

The goal of the program is to add tonnage and determine the continuity of the grades of Tin, Tantalum and Lithium, which were recorded in the previous drill programs of 2003 and 2005. (Refer to SEDAR for the (NI) 43-101 Qualifying Report dated March 19, 2010). The results of the previous programs confirmed Solid's 12,108 acre concession contains a two-mica schist belt approximately 1 to 2 km wide and 14 km long with many pegmatite dykes along the strike containing rare metals such as Tin, Tantalum, Lithium, Niobium, Cesium and Rubidium.

The Company plans as part of the program to in-fill drill 16 vertical holes totaling approximately 2,000 meters in the Presqueira (northern region) of the property. This region would be suitable for low cost open pit mining. The average assays from the eleven drill holes in 2003 and 2005 of the dyke material retuned the following results:

          Lithium      - 3,700 g/t with highs of over 10,000 g/t
          Tantalum    - 79 g/t with highs of over 177 g/t
          Tin              - 491 g/t with highs of 1,141 g/t               

The other 13 holes totalling approximately 1,500 metres will target the southern portion of the 12,108 acre concession. Average assay results form drill holes S0-03-4, S0-03-5 and S0-03-06 in the southern portion of the property returned the following results. The sample width of the dyke and host schist material was approximately one meter ranging to 10.8 metres.

          Lithium        - 3,329 g/t
          Tantalum     - 267 g/t
          Tin               - 924 g/t

"We are very excited to initiate the 2011 drill program at Solid's Doade-Presqueira property and push forward in establishing the commercial viability of the property," stated Mr. Greg Pendura, President and CEO. "The strengthening demand for the rare metals contained on this property has positioned Solid to benefit from their worldwide shortfall. We look forward to reporting the results of our assays to our shareholders in the very near future."

About Solid Resources:

Solid Resources is a Canadian junior mining company focusing on the exploration and development of rare and precious metals and industrial commodities worldwide. The Company is currently quantifying the presence of tantalum, tin, lithium and other rare minerals on its property in north-western Spain. In addition, further exploratory work is being conducted on its gold, copper concession in the Province of Ayabaca in northwest Perú.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Solid Resources Ltd.

For further information:

Solid Resources Ltd                   The Howard Group Inc.
Greg Pendura
President & CEO
Solid Resources Ltd.
Ph: (780) 800-0726
                  Investor Relations
Dave Burwell
Toll Free: 1-888-221-0915
Ph: (403) 410-7907

Profil de l'entreprise

Solid Resources Ltd.

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