SOLID RESOURCES CLOSES PRIVATE PLACEMENT

TSXV:              SRW   
FRANKFURT:  A0BLQQ

VANCOUVER, Nov. 18 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW; Frankfurt: A0BLQQ) announced today that it has closed the non-brokered private placement of Units for aggregate gross proceeds of $1,250,000 (the "Offering"), previously announced on November 4, 2010, subject to TSX Venture Exchange final approval.

The Company has issued a total of 20,833,333 Units at a price of $0.06 per Unit. Each Unit consists of one Common Share and one Common Share Purchase Warrant. Each Warrant is exercisable into one additional Common Share for a period of 18 months after the closing at a price of $.10 per Common Share. The securities issued in connection with the Offering will be subject to a four month hold period that expires on March18, 2011. 

Finders acting in connection with the Offering received aggregate fees of Cdn$40,285 and 617,417 finder's warrants, with each finder's warrant entitling the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 18 months after the closing.

The Company intends to use the proceeds from the Offering to fund exploration of the Company's Doade-Presqueira Tin, Tantalum and Lithium project in Spain in addition to the Gold and Copper project in Peru, plus general working capital.

CEO, Greg Pendura, states: "I am enthusiastic about the substantial interest received from our existing shareholders and the investment community with respect to the Company's recent financing, which was significantly over-subscribed. We look forward to positive results in our new drill program on our Spanish property which will begin immediately."

Solid Resources is a Canadian junior mining company focusing on the exploration and development of rare and precious metals and industrial commodities worldwide.  The Company is currently quantifying the presence of tantalum, tin, lithium and other rare minerals on its property in north-western Spain. In addition, further exploratory work is being conducted on its gold, copper concession in the Province of Ayabaca in northwest Perú.

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]