Solid Resources Announces Corporate Changes and Private Placement

TSXV:		SRW
FRANKFURT:		A0BLQQ

VANCOUVER, Nov. 4 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW; Frankfurt: A0BLQQ) announced today that Mr. Greg Pendura has been appointed as the Company's President and member of the Board of Directors. Mr. Pendura replaced Max Hare, who resigned his positions as President and board member. Mr. Pendura will also continue to serve as the Company's Chief Executive Officer.

Mr. Rick Gliege has been appointed as the Company's Chief Financial Officer.  Mr. Gliege replaced Kirsten Schwarz, who resigned as the Chief Financial Officer of the Company. Mr. Gliege will also continue to serve as the Company's Chief Operating Officer.

The Company wishes to thank both Mr. Hare and Ms. Schwarz for their dedication and service to Solid and wishes them well in their future endeavours.

The Company also announced today it intends to proceed with a private placement offering of units ("Units") at a subscription price of Cdn.$0.06 per Unit. Each Unit will consist of one (1) common share in the capital of Solid and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share in the capital of Solid at a price of Cdn. $0.10 until the date that is eighteen (18) months from the initial Closing Date. The amount to be raised under the private placement is up to Cdn. $1,250,000 for a total of up to 20,833,333 common shares. The proceeds from the placement will be used for upcoming exploration costs on the Company's Spanish and Peruvian properties plus general working capital. The securities issued in connection with the private placement will be subject to a four month hold period. A finder's fee may be payable on a portion of the financing up to a maximum of 10% of the gross proceeds. Completion of the offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.

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.

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

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For further information:

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