TSXV: SRW FRANKFURT: A0BLQQ EDMONTON, July 6 /CNW/ - Solid Resources makes the following clarifying comments with regard to its news release dated June 29, 2005 at the request of the TSX Venture Exchange The data included in the news release were provided by Tony Spat, P.Eng., M.Sc. Mineral Exploration, B.Sc. Geology. The news release reported that "The company's Management and Directors are extremely pleased with the results and believe they provide strong evidence of a very significant deposit ...". The news release also reported that "Solid's Management believes that these assay results and the drilling program of 2003 provide very good evidence of significant tonnages of mineralization and economic grades of various metals." Management wishes to clarify that at this stage no mineral resource estimates have been prepared or feasibility studies performed and investors are cautioned from relying on those statements. Management reports that it is encouraged by the grades identified in the assay results and by the size of the property. With regard to mineralogy, visual field mineral identification has been carried out. The pegmatites are albite-mica-quartz. Tantalum occurs in the pegmatite as Tantalum oxide and possibly as Niobium-Tantalite. Tin occurs in the pegmatite as cassiterite, a Tin oxide. Lithium occurs as spodumene often altering into Kunzite. However, at the contact between the pegmatite and the schists, lepidolite, a mica mineral of Lithium, is present. The minerals in the pegmatite within which the Rubidium and Cesium occur have not been identified. ------------------------------------------------------------------------- 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. ------------------------------------------------------------------------- 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.
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