Solara Exploration Updates Operating Activities

Solara Exploration Ltd. (TSX VENTURE:SAA.A) (TSX VENTURE:SAA.B)("Solara" or the
"Company") is pleased to update its recent operating activities in the Provost
and the Dewberry areas of Alberta. The Company operated the drilling and
completion of an oil well in the Provost area in November, 2009 which has been
producing 30 bbls/d since early December, 2009. Solara owns a 30% working
interest in the well. The Company has plans to drill up to two more wells on the
project prior to year end. In addition, Solara has completed a dual oil and gas
well at the Dewberry Project which tested at an average rate in excess of 540
Mcf/d or 90 BOE/d of gas per day over a five day period. The well is currently
being equipped and tied in for oil and gas production and is expected to be on
production by late February, 2010. Until the well has been tied-in for gas
production, a definitive rate for stabilized oil production cannot be
established. Management estimates that the Company's net share of production
from the well will be approximately 38 BOE/d. Solara has plans to drill five
more wells on the Dewberry Project within the next two to three months. Four
wells will be entirely funded by its partner, the Marwayne Production Limited
Partnership, pursuant to a farmout arrangement. Subject to the approval of a
Primary Recovery Application by the ERCB, the Company has potentially up to 23
additional oil drilling locations on its Dewberry Project based on management's
internal assessment of its drilling and geophysical results obtained to date.
Three wells which were drilled between August and October, 2009 on the project
are each currently producing 35 to 40 bbls/d of sales production. Solara owns an
average 70% working interest in the project lands comprising 1,280 gross acres.


The Company also advises that the Company's Board of Directors approved the
granting of 600,000 stock options to officers, directors, employees and
consultants of the Company, subject to regulatory and TSX Venture Exchange
approval. The options were issued with an exercise price of $0.12 per share and
have a five year term with standard vesting provisions. 


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.


READER ADVISORY

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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