Solara Exploration Places Cardium Oil and Gas Well on Production and Commences New Cardium Drilling Operation

Solara Exploration Ltd. ("Solara" or the "Company") (TSX VENTURE:SAA.A) (TSX
VENTURE:SAA.B) is pleased to report that it placed its operated Cardium
horizontal oil and gas well on production on Wednesday, November 17, 2010. The
well, which is located in section 9-45-5 W5M of the Pembina (Buck Lake) area of
Alberta, averaged approximately 1,200 BOE/d comprised of 970 bbls/d of oil and
1.4 MMcf/d over the past six days on a reduced choke at an average flowing
wellhead pressure of 362 psi (gauge). The Company currently has an 81% working
interest in the well. The extreme cold weather and limited onsite storage
tankage has hampered field operations for the well. Solara is currently drilling
the first of two additional horizontal wells in section 17-45-5 W5M at Buck Lake
within one-half of a mile of its current producing Cardium well. Solara
anticipates that the current drilling operation will be completed within the
next several days after which time it will immediately commence the drilling of
the second horizontal well on its interest lands in section 9-45-5 W5M.


Solara also advises that it anticipates commencing the drilling of the first of
two horizontal wells within the next two weeks to evaluate and optimize the Dina
oil zone on its Dewberry project in eastern Alberta. The Company owns a 100%
working interest in the lands on which the wells are being drilled. Solara
currently has 12 oil wells on production in Dewberry.


As a result of its recent drilling operations on its Pembina (Buck Lake) and
Dewberry oil projects, the Company estimates that its current daily production
is approximately 1,300 BOE/d. Solara's overall production is heavily weighted
toward oil which represents approximately 80% of its production mix at the
present time.


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.


This news release may contain certain forward-looking statements, including
management's assessment of future plans and operations, and capital expenditures
and the timing thereof, that involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such risks and
uncertainties include, without limitation, risks associated with oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources, the
impact of general economic conditions in Canada, the United States and overseas,
industry conditions, changes in laws and regulations (including the adoption of
new environmental laws and regulations) and changes in how they are interpreted
and enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in foreign exchange or interest rates,
stock market volatility and market valuations of companies with respect to
announced transactions and the final valuations thereof, and obtaining required
approvals of regulatory authorities. The Company's actual results, performance
or achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits, including the amount
of proceeds, that the Company will derive therefrom. Readers are cautioned that
the foregoing list of factors is not exhaustive. All subsequent forward-looking
statements, whether written or oral, attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by these
cautionary statements. Furthermore, the forward-looking statements contained in
this news release are made as at the date of this news release and the Company
does not undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by applicable securities
laws.


BOEs may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.


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