Solara Exploration Closes Private Placement and Updates Operating Activities

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) is pleased to announce that it closed its previously announced
private placement of 5,095,000 Units for gross proceeds of $764,250 (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"). One
whole Warrant plus $0.20 is exercisable into one (1) Class A Flow-Through Share
until December 31, 2010. The Company paid a finders fee to an arm's length
broker in the amount of $56,100 and 374,000 broker warrants, with each broker
warrant exercisable into 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 are subject to a four (4) month hold pursuant to applicable
securities legislation. The Units were sold to fund Solara's exploration and
development drilling activities in the Marwayne and Pembina areas of Alberta. 


Solara also announces that it has recently drilled and cased two potential oil
wells on its Dewberry property. The Company anticipates that it will complete
the wells for production in the next few weeks and report on results at that
time. The Company currently has five remaining locations to be drilled on the
Dewberry property prior to the end of June, 2010. 


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.


50,117,937 Class A Shares

986,700 Class B Shares