SOLG, page-59

Great update just out. Are the vultures still circling?

SolGold plc
("SolGold" or the "Company")


Cascabel Exploration Update
Exceptional Recent Drilling Results at Alpala Reveal
a Larger, More Cohesive High Grade Core

The Board of SolGold (LSE and TSX code: SOLG) is pleased to provide an update on recent infill drilling at Alpala Central, at the Company's Cascabel project in Northern Ecuador.

HIGHLIGHTS:

Ø Exceptional assay results from recent infill and extension drilling at Alpala Central reveal a far more robust high-grade core than previously modelled.
Ø Hole 57 (Alpala Central Infill):
832m @ 1.41% CuEq (0.72% Cu, 1.10g/t Au), incl.
562m @ 1.72% CuEq (0.85% Cu, 1.37g/t Au), incl.
304m @ 2.52% CuEq (1.15% Cu, 2.18g/t Au), incl.
182m @ 3.46% CuEq (1.49% Cu, 3.14g/t Au)
Ø Hole 55R (Alpala Central NW Extension):
1062m @ 1.02% CuEq (0.69% Cu, 0.52g/t Au), incl.
548m @ 1.36% CuEq (0.86% Cu, 0.80g/t Au), incl.
220m @ 2.07% CuEq (1.22%Cu, 1.34g/tAu)
Ø Hole 41-D1-D2 (Alpala Central Infill): Partial assay results to 1458m.
512m @ 1.09% CuEq (0.59% Cu, 0.80g/t Au), open at depth, incl.
326m @ 1.51% CuEq (0.77% Cu, 1.18g/t Au), open at depth, incl.
128m @ 2.51% CuEq (1.11% Cu, 2.23g/t Au), open at depth.

Commenting on today's release, Mr Eduardo Valenzuela, the Company's Study Manager, said: "From a potential mining perspective, the updated proposed MRE, could provide not only a stronger resource base but also a larger and more cohesive high-grade core which could be mined at a higher production rate in the early years thus enhancing the project NPV and IRR."