Solara Exploration was incorporated as 1002149 Alberta Ltd on August 8, 2002 pursuant to the Alberta Business Corporation Act (“ABCA”). The Company changed its name to Ty Resources Limited on September 10, 2002. On November 3^rd, 2005, the Corporation amended its’ share capital to re-designate the common shares as Class A Shares, to create Class B Shares and a class of preferred shares issuable in series, and changed its name to Solara Exploration Ltd. Effective Dec 31^st, 2010 the Class B shares were converted to Class A shares, resulting in a total of 9,867,000 A Class Shares issued.

Solara Exploration’s primary business is to participate in oil and gas exploration, farm-ins, development and production in Canada. Specifically the Corporation has worked tirelessly to generate and develop its core assets, which today consist of  Pembina, Dewberry, Sounding lake and a few other smaller working interest properties. Currently Solara enjoys a 80% oil to gas ratio on its current production.

Good things take time-

After completing a series of financing's in the fall of 2010 Solara embarked on a emerging light oil development play targeting the Cardium zone located in the Pembina (Buck Lake) area of Alberta. Solara drilled and completed its first well (9-45-5 W5M) on November 17^th, 2010 resulting in an initial average production rate of 1,800 BOE/d. To date, Solara has been and will remain very active in this area as it exploits this prolific zone with numerous additional drilling targets in the months and years to come.

Dewberry, Alberta resource asset has proven to be a very attractive multi-zone resource play with both oil & gas present. This project is comprised of 1,280 gross acres of land located in the South East area of the province adjacent to the Alberta/Saskatchewan border. Solara has identified over 4 targeted zones of Dina, Sparky, Rex and Cummings, of which current production from our preliminary drilling activity has resulting in +/-300 BOE/d. Solara has drilled 14 wells compromising of a 100% drilling success to date. With prior approval of down spacing on our lands, Solara has the potential to drill and complete in excess of 120 well targets.