Solid Resources announces flow through private placement with the Mineral Fields Group

EDMONTON, Oct. 7 /CNW/ - Solid Resources Ltd., has entered into an
agreement with the Mineral Fields Group for a flow through private placement
of 400,000 units at a price of $1.25 per unit for aggregate gross proceeds of
$500,000. Each unit will contain one flow through common share of Solid and
one warrant. Each warrant will entitle the holder thereof to acquire one non
flow through common share of Solid for a period of two years. The warrants
bear an exercise price of $1.75 during the first year and $2.50 during the
second year. The shares are subject to a four month hold period. Proceeds from
this private placement will be utilized in further exploration of Solid's Bear
property in the Northwest Territories.
In connection with this private placement, Solid will be paying a
commission by way of the issuance of 5% Agent's warrants, on the above terms,
to each of Limited Market Dealer Inc. and Sanders Wealth Management Group Ltd.
An additional 5% cash finders fee will be payable to Sanders Wealth Management
Group Inc. and 5% cash due diligence fee will be payable to Limited Market
Dealer Inc.
To date, on the Bear property, Solid has identified high grades of Silver
and Zinc, and lesser amounts of Copper in the M Zone, and has obtained
promising Gold results in the C Zone. An airborne geophysical survey recently
completed by Fugro Airborne Surveys showed various anomalies which are
indicative of additional M type zones and Kimberlite targets. It is important
to note that the Bear property lies in a region of the Northwest Territories
known for various diamond discoveries. The company's goals are to explore the
Kimberlite targets and the additional M type zones, and to move towards
resource quantification of the existing findings under National Instrument  
43-101.

"About MineralFields
MineralFields Group is a Toronto-based mining flow-through fund with
significant assets under administration that offers its tax-advantaged super
flow-through limited partnerships to investors throughout Canada during most
of the calendar year. Information about MineralFields Group is available at
www.mineralfields.com".

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Solid's management plans to continue working diligently on behalf of its
shareholders to make 2005 a successful year for the Company. The President of
Solid Resources, Alvin Harter, has had a life-time of experience in the mining
and exploration industry and has been instrumental in the establishment of
several mines in Canada and Mexico. Solid's Vice-President of Exploration,
Tony Spat, has also had a remarkable career in exploration. He has worked for
many senior as well as junior mining companies throughout the world and has
been instrumental in a number of important discoveries in different parts of
the world. In view of the extensive experience of Solid's management team, the
expertise of its exploration team, and the increasing demand for the rare,
precious, and base metals in its properties, the Company's management believes
that Solid Resources has a very bright future.
Solid Resources Ltd. is committed to exploration for Rare, Precious, and
Base Metals. Its current properties are located in Canada, Spain, Mexico, and
Italy. The Company's website is at www.solidresources.com. The Company's
Common Stock trades on the TSX Venture Exchange under the symbol SRW and on
the Frankfurt Stock Exchange under the symbol A0BLQQ.

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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.