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ALBERTA-1 (Doade-Presqueiras)Spanish Tantalum/Tin & Lithium

Project Overview

 ALBERTA-1 is a mining explorationproject located in the region of Galicia inNorth-western Spain.

• A few kilometres east of the portcities of Pontevedra and Vigo in theregion of Galicia.

• Full access to roads, electricity,water, rail, labour force and deep seaport of Vigo 40 Km’s away. 

• 3,690 hectares in a north-south

direction hosting numerous pegmatitedykes (type of rock that hosts raremetals)

The concession is 14 km in length andruns in an N-S direction. Drilling to datehas shown the deposit to be a continuous pegmatite dyke field  – approx. 11 km long and 300 mwide, with up to 26 m in thickness.

Internal investigation has concluded the concession contains up to 25 to 50 million tons of rare metal pegmatite.

Application for mining permit will be submitted to the Spanish Mining Authorites Q3 - 2013 

The dykes contain mineralisation of tantalum and niobium (columbo-tantalite), lithium (spodumeneand petalite) and tin (cassiterite). Other minerals include rubidium and cesium.

To date Solid Resources has invested almost US 4 million in the exploration of the deposit. TheSpanish Ministry of Industry, Tourism and Trade are continuing to be strong supporters of the

 ALBERTA-1 Project, granting it the maximum subsidy for 2011 and 2012.

The Company completed a 1,570 meter infill drill program in late 2012. The drilling campaign wasprogrammed with infill drilling to complete a 50 m x 50 m grid in just the northern zone of thedeposit (Presquerias). This would allow those resources previously classified as indicated andinferred to meet the directives of the Spanish mining authorities for classification as NI 43-101compliant "measured & indicated resources" and enable commencement of exploitation of theentire 3,690 Ha concession.

NI 43-101 Resource Estimate The exploration has included the completion of 65 drill holes with core recovery. A total of 7,065 mof core have been analysed.

The results are as follows: (note: The 2012 Drill Program increased the Presqueiras Measured& Inferred Resource to 4+ million tonnes to meet the Spanish Mining Authority’s directivesfor a Mining Permit)

TSXV: SRW

FRANKFURT: YRS

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 2013 Scoping Study NI 43-101 Resources Estimate

April 30 ,2013

Southern Zones Grades: Tantalum - 50% higher  Tin - 20% higher  

Total Measured, Indicated & Inferred – 16.6 Mt’s 

The 43-101 Resource Estimate completed in April 2013represents less than 10% of the property’s potentialmineralized zone. Previous drill campaigns and assayshave concluded that the 10 km distance separating thePresqueiras region in the north and the Taboazasregion in the south contains rich mineralisation, allowing

for a conclusion that the 300 m wide deposit could berunning the entire length of the 14 km property.

 A metallurgy report compiled by SGS in the UKconfirmed that the tantalum and tin concentrates can beeasily achieved by gravity separtation methods.

Tantalum recovery to 30% concentrate - 85.2%. 

Tin recovery to 54.8% concentrate was 88.1%. 

The Future

With the SGS Metallurgical Study, Pilot Plant and 2013 Scoping Study now complete, asubmission to the Spanish Mining Authorities will be made in Q3 – 2013. The objective would be tostart a mining operation on a deposit with a significant amount of tantalum mineral resources,(probably more than 5,000 tons) as well as significant tonnage of tin and lithium. Production couldstart within 1.5 years of project confirmation. An initial 1,440 ton/day operation, which has beenverbally approved by the Spanish Mining Authority, could be rapidly expanded would require aninvestment CAPEX of approximately US $20 million. A very conservative economic model hasshown an IRR of 42%, with gross proceeds of over US $25.5 million/year.

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The geographical location of the concession in Europe, within a region offering excellent existinginfrastructure, would make this a strategically important project in the European Union for theassured future long term supply of “conflict” free rare metals. 

Presqueiras Area

Southern Zones

2012 DRILL PROGRAM