Sola Resource Corp.: Private Placement

CALGARY, ALBERTA, Aug 27 (MARKET WIRE) --
Sola Resource Corp. (TSX VENTURE: SL)(PINK SHEETS: SOLAF) (the "Company")
is pleased to announce a non-brokered private placement of up to
6,666,666 Units, for a total amount of CDN$1,000,000.00 in its capital
(the "Offering"). Each Unit will be priced at $0.15 and will be comprised
of one common share and one non-transferable share purchase warrant (the
"Warrant" or "Warrants"). Each one Warrant will entitle the holder to
purchase an additional common share of the Company at an exercise price
of CDN$0.30, for a period of 12 months from the date of issuance of the
Units.

The Company wishes to announce that it has closed the first tranche of
the Offering, comprising $566,500.00, for which 3,776,666 Units in its
capital will, upon receipt of regulatory approval, be issued.

The Company will pay a finder's fee(s) in accordance with the policies of
the TSX Venture Exchange.

The Company will use the proceeds of the Offering for the exploration and
development of its mineral resource properties in Brazil, including the
continued bulk sample testing of its diamondiferous Kimberlite pipe(s)
located thereon, and for working capital and general corporate purposes.

We seek safe harbour.

ON BEHALF OF THE BOARD OF DIRECTORS OF SOLA RESOURCE CORP.

Thomas Kovacs, President

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

Contacts:
Sola Resource Corp.
Thomas Kovacs
President
(403) 236-0339
(403) 203-3584 (FAX)
Email: info@solaresourcecorp.com
Website: www.solarsourcecorp.com

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