SL

Sola Resource Corp. (TSX VENTURE:SL) (PINK SHEETS:SORSF) (the "Company" or
"Sola") announces that further to the Annual General and Special Shareholders
meeting held on December 16th, 2010 whereby the shareholders approved the
consolidation of the common shares on the basis of one of the three options
presented to be determined subsequently by the Board, the Board of Directors
have unanimously decided to choose the consolidation ratio of ten (10)
pre-consolidated common shares for one (1) new post-consolidated common share.


In light of the various corporate finance activities currently being undertaken
by the Company, the Board believes this consolidation ratio will provide the
best share structure possible going forward. Director Andrew Male states:"This
decision was considered and backed up by the strength of the business activities
taken over the past 18 months by the Company and its Management. We have been
driving the Company toward projects that provide not only an exploration
opportunity, but also cash flow or near term cash flow while at the same time
maintaining the halo of exploration opportunity. We are well on our way to this
now and this is the right time to complete the share consolidation, especially
in light of the financing opportunities that are before us."


This share consolidation is subject to TSX Venture Exchange approval and the
Company will make a further announcement when such approval is obtained based on
the application which has already been submitted.


The Company notes that if the share consolidation results in the issuance of a
fractional share, such share will be rounded down to the nearest whole number.


Sola, an exploration stage company with assets in Brazil and Canada, has
primarily focused on diamond, manganese and gold resource properties. Recently
the Company has been seeking projects that expand its resource base and provide
for near term production and revenue. All available resource reports and
information on the Company's properties are located on the Company website.


Sola continues to provide shareholders with Investor Updates, please ensure that
you have already registered on the company website, if not please visit
www.solaresourcecorp.com and input your name and email address on the home page.


Issued on behalf of the Board of Directors of Sola Resource Corp.

Dr. William (Bill) Pfaffenberger, CEO and Director

The information in this news release may contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. When used in this release, words such as
"estimate", "expect", "anticipate" and "believe" as well as similar expressions
are intended to identify forward-looking statements. Such statements are used to
describe management's future plans, objects, and goals for the Company and
therefore involve inherent risks and uncertainties. The reader is cautioned that
actual results, performance or achievements may be materially different from
those implied or expressed in such statements, which speak only as of the date
the statements were made. The Company does not update forward-looking statements
continually as conditions change. We seek safe harbour.

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