Solid Resources Announces Assay Results for Tin/Tantalum Project, Spain; Results Include 11.25m Averaging 960 ppm Tin, 143 ppm Tantalum

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2013) - Solid Resources Ltd. (TSX VENTURE:SRW)(OTCQX:SLDRF)(FRANKFURT:YRS) ("Solid" or the "Company") announced today the complete assay results from its 2012 Drill Program on its 100% owned Alberta-1 (Doade-Presqueiras) concession located in north-western Spain, 25 km east of the port city of Pontevedra.

The 2012 Drill Program, previously announced on September 10, 2012, was initiated on September 5, 2012. The drilling campaign was programmed with infill drilling to complete a 50 m x 50 m grid in just the northern zone of the deposit (Presquerias). This would allow those resources previously classified as indicated and inferred to meet the directives of the Spanish mining authorities for classification as NI 43-101 compliant "measured resources" and enable commencement of exploitation of the entire 3,690 Ha concession. The systematic geological continuity and consistency found in the mineralized pegmatite dykes allowed for the reduction of the number of drill holes originally scheduled in order to meet the measured reserve requirements for permit application. In total, eighteen holes were drilled for a total of 1,570.2 meters.

The tonnage of the measured resource estimates is easily in excess of requirements to proceed with the application for an Exploitation Permit.

Drill hole intersections with weighted average assay results:

DRILL HOLE ID:	FROM (m)	TO (m)	LENGTH (m)	Sn (ppm)	Ta2O5 (ppm)	Nb2O5 (ppm)	Li2o (%)	Rb (ppm)
SO-12-26	23.2	24.65	1.45	934	232	172	0.02	630
	25.75	29.3	3.55	975	123	139	0.02	804
	31.3	33.8	2.5	769	134	154	0.03	698
	85.5	86.7	1.2	526	61	96	0.01	339
	93.4	94.5	1.1	527	122	144	0.03	640
	111.5	116.85	5.35	671	78	114	1.02	836
PRE-12-07	25.95	30.30	4.35	1434	76	134	0.07	770
	53.5	54.60	1.10	2050	134	222	0.04	640
SO-12-14	35.45	42.1	6.65	934	81	118	0.58	841
	53.15	55.65	2.5	953	127	152	0.06	688
SO-12-25	27.60	32.20	4.60	1365	146	146	0.16	1022
	84.45	85.40	0.95	1170	49	116	0.02	630
	94.20	98.75	4.55	1024	80	117	0.98	906
PRE-12-18	17.25	18.60	1.35	1080	122	133	0.05	1030
	23.25	24.75	1.50	1280	171	189	0.12	790
	27.90	29.35	1.45	1470	122	144	0.08	540
	88.25	91.65	3.40	896	60	115	0.54	657
	102.80	105.90	3.10	1412	74	122	0.88	620
SO-12-10	48.30	59.30	11.00	828	113	121	0.75	977
	60.20	60.75	0.55	728	147	147	0.09	427
	61.30	61.80	0.50	232	85	92	0.05	363
SO-12-11	55.50	66.75	11.25	960	143	145	0.17	818
SO-12-06	36.65	48.10	11.45	769	119	120	0.72	1043
SO-12-15	41.30	51.40	10.10	875	137	129	0.73	1012
SO-12-18	38.00	41.00	3.00	865	171	163	0.21	893
	41.65	43.10	1.45	768	122	133	0.08	730
	62.55	65.55	3.00	651	126	129	.28	887
	72.50	77.20	4.70	787	124	140	0.75	756
SO-12-16	65.30	77.90	12.60	883	131	132	0.49	903
SO-12-20	47.80	52.45	4.65	865	140	142	0.62	1083
	53.80	54.35	.55	641	73	76	0.26	750
	56.95	57.60	0.65	859	183	177	0.03	412
	95.50	103.50	8.00	960	96	123	0.48	1015
SO-12-06B	44.30	55.65	11.35	852	129	127	0.28	883
SO-12-13	1.00	2.90	1.90	1141	103	163	0.04	419
	51.70	61.60	9.90	780	121	134	0.61	1111
	67.10	68.55	1.45	525	110	120	0.06	353
SO-12-07	24.60	26.95	2.35	861	167	137	0.01	494
	27.85	29.00	1.15	1100	208	137	0.02	490
SO-12-21	8.70	11.35	2.65	1041	126	124	0.08	541
	17.05	18.40	1.35	417	159	116	0.04	540
	31.00	32.30	1.30	585	159	137	0.02	490
SO-12-12	17.40	24.80	7.40	734	148	133	0.02	665
	26.10	26.70	0.60	429	147	122	0.03	560
SO-11-12-CONT	145.00	158.40	13.40	469	78	113	1.02	971

Intercepts represent 90% true thickness.

The Company is now undertaking a Scoping Study, in addition to bulk sampling 100 tons for concentration tests at the designated pilot plant, following the recommendations of the SGS metallurgical report.

"This latest drill program is on time and below budget," stated Greg Pendura, president and CEO. "With economical average grades of 800 ppm of tin, 110 ppm of tantalum and 0.5% lithium, we are anticipating making our submission to the Spanish Mining Authority by the end of February, 2013. We are excited about entering the final phase of the project and working towards the implementation of a commercially viable mining operation once this permit has been obtained."

The Company will report the results of the reserve estimate and Scoping Study very shortly.

Dr. Alfonso S. Gracia Plaza, Doctor of Science in Economic Geology, is the Director of the ALBERTA-1 Project and supervises the Company's exploration program on the project. He is responsible for the technical reporting in this news release and is the Company's "Qualified Person" for the purpose of NI 43-101.

Solid Resources is a Canadian junior mining company focused in Spain on the exploration and development of rare and precious metals and industrial commodities worldwide. The Company is currently in the late stage of quantifying the presence of tantalum, tin, lithium and other rare minerals on its Alberta-1 property in north-western Spain and re-opening 62 iron ore concessions in south-eastern Spain.

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, 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.