Solid closes $125,000 debt financing

Apr 17, 2008

EDMONTON, April 17 /CNW/ - Solid Resources Ltd. ("Solid" or the
"Company") announces that it has closed a $125,000 debt financing (the
"Loan"). Mr. Alvin Harter, a related party to the company, has lent $125,000
to the company pursuant to the terms of a non-convertible promissory note (the
"Note"). The Note provides: (a) for interest at the rate of 12% per annum
(interest for the first 3 month period, being of the term of the Loan, will be
deducted from the principle amount); and (b) that the loan is payable on
demand after 90 days written notice. The loan is backed by security against
the Company's interest in the Bear Property, N.W.T.
The TSX Venture Exchange ("TSXV") has, pursuant to the correspondence
dated April 15, 2008, conditionally accepted the Loan and the grant of
security. The TSXV has advised that final acceptance will be issued upon
receipt of executed copies of a signed copy of the directors' resolution and
all corresponding documentation and the issuance of this news release. In
addition, the Executive Director of the Alberta Securities Commission has,
pursuant to correspondence dated April 15th, 2008, granted permission for the
funding of the Loan directly to Solid.
The majority of the proceeds of the Loan will be used for expenses
incurred for the Company's Spanish subsidiary, Solid Mines Espana S.A.
regarding the Doade Presqueira Concession.
The company is actively exploring financings with non-related parties;
however, the company was not able to complete a financing in a timely fashion.
As such, the Board of Directors relied on its special committee (the "Special
Committee"), consisting of independent Directors, to negotiate the terms of
the Loan with Mr. Harter. The special committee and the board of directors
unanimously concludes that the Loan was on commercially reasonable terms and
would improve the financial position of the company.

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 or approved this press release,
and the Exchange does not accept responsibility for the adequacy or the
accuracy of this release.

For further information: Garnet Harter, Interim President, (780) 416-7525, This e-mail address is being protected from spambots. You need JavaScript enabled to view it