29 August 2007

Transfer of Licenses Completed

The transfer of all 6 exploration licences covering King Solomon’s interests in the Sonid Zouqi county of Inner Mongolia, China has been completed. King Solomon subsidiary Inner Mongolia Plate Mining Co Limited now holds the exploration licences below.

Schedule of Tenements

All tenements are located in the Sonid Zouqi County of Inner Mongolia, China.

About King Solomon Mines

The Company has mining prospects in the semi-autonomous province of Inner Mongolia, China.

World class target area

• King Solomon is exploring for minerals in the under explored Inner Mongolian section of a major fold belt that hosts world class Gold and Copper deposits.

Strong initial project portfolio

The Company has interests in the following projects

• Marmot Ridge – Porphyry Copper-Gold prospect along geological trend from the Ivanhoe/RTZ owned Oyu Tolgoi Copper-Gold deposit
• Wuritu –large scale Copper-Gold Copper target
• Bu Dun Hua, Dong Gouzi and Wang Giayang – Gold projects
• Naogaoshandu and Beyinhar North – Epithermal Gold projects
• Sonid North – Regional shear hosted Gold targets
• Amoyitele – Magnetite and Copper prospects.

7 years experience in China

• The Company’s founding directors have worked on minerals projects in China for 7 years
• Operating infrastructure is established in Inner Mongolia

For further information, please contact:
Stephen McPhail, Managing Director
+6421 897 667

John Quinn, Chairman
(0412) 381 081