Solid Cancels Private Placement

TSXV:       SRW
    FRANKFURT:  A0BLQQ
    

VANCOUVER, Oct. 6 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW; Frankfurt: A0BLQQ) announced today the cancellation of the private placement announced on June 14, 2010. The $2,000,000 private placement had a subscription price of Cdn. $0.24 per Unit. Each Unit would have consisted of one (1) common share in the capital of Solid and one common share purchase warrant (a "Warrant"). Each Warrant would have entitled the holder thereof to purchase one common share in the capital of Solid at a price of Cdn. $0.45 for a period of up to 12 months from the issuance.

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.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

%SEDAR: 00009435E

For further information: Mr. Greg Pendura, Chief Executive Officer, Tel: [phone]