Solid Resources announces Joerg Schuetz as C.E.O.

EDMONTON, Feb. 23 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW) (Frankfurt: A0BLQQ) is pleased to announce the appointment of Mr. Joerg Schuetz as Chief Executive Officer ("CEO"). The appointment of Mr. Schuetz completes the Company's new management team, which aims to take Solid to the next stage of its growth cycle. In addition to Mr.Schuetz, Solid has recently appointed Mr. Max Hare as president.

Having studied business administration and mechanical engineering, Mr. Schuetz has managed his own successful companies as an entrepreneur. Since 1997 he has devoted his career to financing and developing various businesses by placing his management teams into a number of companies which have seen significant development, creating enormous shareholder value. From 2003 to 2005, Mr. Schuetz was also worked for international hedge funds.

The appointment of Mr. Schuetz to the position of CEO will provide the Company with valuable experience, particularly in the areas of project development and financing. Mr. Schuetz will work closely with the management to evaluate and implement the strategic options available to the Company.

"Mr. Schuetz brings to Solid an unrivalled combination of marketing, relationship management, fund raising, infrastructure management, property exploration and development focus. This will enable us to capitalize on the potential of our Lithium and Tantalum contained in the Doade-Presqueira concession located in Spain", stated Mr. Max Hare, president of Solid. "Mr. Schuetz is both a valuable and essential addition to an already strong management team which includes geologists, mining experts and analysts in Spain, Germany and Canada, to help manage the Company through its next exploration and mining stages. Through his many years of financing and developing of international companies, Mr. Schuetz has demonstrated his ability to realize substantial shareholder value within new and existing markets; his contribution is, in my opinion important to our growth. I am very excited to once again collaborate with Mr. Schuetz and confident that we can add to the successes we have created together in the past."

"I am delighted to be joining Solid and look forward to working with the board, management and our shareholders. One of my first priorities will be to focus our efforts on the Company's Doade-Presqueira concession in northern Spain, which contains significant indicated values of Lithium and Tantalum, as well as Tin, Cesium, Rubidium and Niobium", states Mr. Schuetz. "Working with the current Solid team, I am confident that we can grow and lead in this promising and dynamic sector. I am looking forward to managing this company to achieve its goal of becoming a major world supplier of rare minerals."

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.

For further information: Mr. Garnet Harter, Tel: [phone], [email protected]