Solara Exploration Announces Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS. 

Solara Exploration Ltd. ("Solara" or the "Company") (TSX VENTURE:SAA.A) (TSX
VENTURE:SAA.B) announces that it is undertaking a private placement of 5,000,000
Units to raise proceeds of $750,000 (the "Private Placement"). Each Unit is
comprised of one (1) Class A Flow-Through Share ("Flow-Through Share") of the
Company priced at $0.15 per share, and one-half (1/2) of a Class A Flow-Through
Share Purchase Warrant ("Warrant"). Two one-half Warrants plus $0.20 are
exercisable into one (1) Class A Flow-Through Share until December 31, 2010. The
Company has agreed to pay a finders fee to an arm's length broker of 8% cash and
8% broker warrants with each broker warrant exercisable for one (1) Class A
Share of the Company at a price of $0.15 per share until December 31, 2010. All
securities issued pursuant to the Private Placement will be subject to a four
(4) month hold pursuant to applicable securities legislation. The Units are
being sold to fund Solara's exploration and development drilling activities in
the Marwayne and Pembina areas of Alberta.


About Solara Exploration

Solara Exploration is a publicly traded junior oil and gas company focused on
the exploration, development and acquisition of oil and natural gas in Western
Canada.


45,022,937 Class A Shares

986,700 Class B Shares