Ann: Annual Report to shareholders, page-7

Fantastic update. SOLG up 20%

New discovery by SolGold - High grade copper and gold sampling results returned from the Machos -Florida -Santa Cruz- La Hueca Project, Southern Ecuador


The Board of SolGold (TIDM: SOLG) is pleased to provide an update on its 100% owned Machos - Florida Santa Cruz- La Hueca Project ("the Project") in Southern Ecuador.


HIGHLIGHTS:


Ø Rock chip samples collected from the Project have returned high grade copper and gold mineralisation from extensive outcropping porphyry copper gold mineralisation over a broad 5km x 1km zone over an extensive area. Best results include:


o 13.82% Cu in sample R02000263

o 8.37% Cu in sample R02000310

o 4.08% Cu in sample R02000259

o 2.50% Cu in sample R02000307

o 1.80% Cu in sample R02000305

o See Photographs herein.


Ø 25km long porphyry trend identified.


Ø Jurassic in age similar to Fruta del Norte, Mirador and the giant La Alumbrera mine in Argentina (Glencore).


Ø Samples were taken from an extensive zone of complex multiphase copper sulphide and magnetite mineralised quartz veining and hydrothermal alteration extending over an unclosed 5km long zone.


Ø Stream sediment and panned concentrate sampling results have highlighted additional areas of strongly anomalous copper and gold mineralisation outside of the mineralised quartz vein zone, to be followed up with detailed prospecting and field mapping.