The Board of SolGold plc provided an update on exploration at its 100% owned Timbara Project, in Southern Ecuador. The prospect is held in the 100% owned subsidiary Green Rock Resources ("Green Rock"). SolGold continues aggressive exploration of its extensive tenement portfolio in Ecuador with the goal of becoming a tier 1 copper producing company through organic growth. SolGold now has multiple field teams in operation, utilising a specialised method of rapid prospect recognition in each of its four regional subsidiary companies. Led by highly experienced senior geologists, teams have successfully located copper occurrences in six projects indicative of large mineralised porphyry systems. The Timbara Project is located in southern Ecuador on the prolific Andean Copper belt which is renowned as the production base for nearly half of the world's copper. SolGold holds a 100% interest in the projects through its Ecuadorean subsidiary company, Green Rock Resources S.A. Timbara lies on Ecuador's eastern Jurassic Belt, which contains the Fruta del Norte epithermal gold deposit (14 million ounces Au), the Mirador copper porphyry deposit (3 million tonnes Cu) and the Santa Barbara gold-(copper) porphyry deposit (8 million ounces Au). Following the company's announcement of November 29, 2017 in relation to the discovery of porphyry style mineralized outcrops in the Timbara 2 concession, two Green Rock field teams have completed rapid first pass exploration on the other three Timbara concessions. Exploration activities include stream sediment, panned heavy concentrate and rock chip sampling along with detailed mapping. SolGold's method of rapid evaluation of project areas is again producing exciting early results, establishing new porphyry copper camps for follow-up exploration. A narrow bornite-chalcopyrite vein trending northeast - southwest, outcrops in a 25 metre wide zone in chlorite altered diorite with densely fractured, quartz-hematite veins. The sample taken of the vein returned an outstanding result of 28.89% Cu. The vein extends into surrounding creeks and streams. This area will undergo further detailed follow-up prospection by technical field teams. A new porphyry style mineralised outcrop has been recently discovered in Timbara 1. The outcrop has been identified as an intrusive granodiorite comprising narrow quartz veins rich in Pyrite, Chalcopyrite, Covellite and Bornite. These veins also trend northeast - southwest, the same as the high-grade bornite vein in Timbara 4 (which returned 28.89% Cu). Whilst Green Rock field teams have moved on to other projects in keeping with SolGold's priorities of rapid first pass prospection of all granted concessions, planning is underway to return technical teams to these two outcrops and revisit other mineralised outcrops identified in the Timbara 2 concession. SolGold's exploration focus will transition to targeted systematic mapping and rock chip sampling of anomalous streams and outcrops to gain a better understanding of the geological controls, hydrothermal alteration and style of copper mineralisation at Timbara. An aeromagnetic survey will also be carried out over the Timbara Project.