Sola Resource Corp.: Private Placement Closed

CALGARY, ALBERTA -- (MARKET WIRE) -- 05/28/08 -- Sola Resource Corp. (TSX VENTURE: SL) (PINK SHEETS: SOLAF) (the "Company"), is pleased to announce that it has closed a non-brokered private placement of CDN$784,500.00, pursuant to the sale of 3,138,000 Units, at $0.25 each (the "Offering"). Each Unit is comprised of one Common share of the Company and one half of one share purchase warrant (the "Warrant" or "Warrants"). Each full Warrant entitles the holder to purchase one Common share of the Company at an exercise price of CDN$0.50, for a period of 18 months from the date of issuance of the Units.

The Company will use the proceeds of the Offering to fund the exploration and development of its mineral resource properties in Brazil, including the continuation of testing of its diamondiferous Kimberlite pipe(s) located thereon, and for working capital and general corporate purposes.

We seek safe harbour.

ON BEHALF OF THE BOARD OF DIRECTORS OF SOLA RESOURCE CORP.

Thomas Kovacs, President

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contacts: Sola Resource Corp. Thomas Kovacs President (403) 236-0339 (403) 203-3584 (FAX) Email: info@solaresourcecorp.com Website: www.solaresourcecorp.com

2008-05-28 18:52:14 0372303 MARKETWIRE