KING SOLOMON MINES LIMITED

Quarterly Update July 2007

Disclaimer

This Corporate Update ("Update") is not a disclosure document, nor does it constitute the provision of financial advice or a recommendation to buy or sell shares. The Update was prepared from information available at the time of preparation. This Information should be read in conjunction with the quarterly report released 23 July 2007.

Neither King Solomon Mines Limited ("King Solomon"), its related bodies corporate, officers, employees or advisors makes or gives any representation, warranty or guarantee in relation to the Update, whether orally, in writing or in any form whatsoever, ("Information") to the Recipient. The Information is provided expressly on the basis that the Recipient will carry out its independent inquiries into the information, and seek appropriate financial advice. King Solomon reserves the right to update, amend or supplement the information at any time in its absolute discretion, without incurring any obligation to do so.

The Update contains certain forecasts and forward-looking information, including information about possible or assumed future performance, exploration results, resources or potential growth of King Solomon, industry growth or other trend projections.

Such forecasts and information are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of King Solomon. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements, depending on a variety of factors.

Furtherinformation about King Solomon is available at www.kingsolomonmines.com.

Presentation

•Team

•Capital Structure

• Projects - Progress for Quarter -Plan next Quarter

KSO Management Team

• Stephen McPhail – CEO
• Bruce Bell –Exploration Programme
• Fu La–China GM, Acquisitions
• Peter WhiteChief Geologist
• Anna Di Logistics

Capital Structure

Shares on issue

90,775,040

Options to shares on issue 6,779,999 (ex. Price 25c-30c)

Mkt. Cap. (@22c) \$20.0 million

Cash at 30 June 2007

\$8.5 million

Major Shareholders

i d d f l i d W P L t t e s p r e a o r o o s	8 2 3 1 8 8 9 , ,	1 9 %
F L a u	5 0 0 0 0 0 7 , ,	8 3 %
h i l S M P c a b f i i l e n e c a	4 8 3 0 0 0 0 , ,	5 3 %
l l B B e	3 5 0 0 0 0 7 , ,	4 1 %
C i d N L t t o g e n o m n e e s	3 0 0 0 0 0 6 , ,	4 0 %

Projects April 2007

Marmot Ridge Copper WurituAmoyitele Iron, Copper SonidNorth GoldSonidSouth Gold

Copper

Projects July 2007

i d M R t a r m o g e	C o p p e r
i W t u r u	C o p p e r
B D H u u n u a	l d i l G S o v e r ,
i h h B N t e y n a r o r	l d G o
h d N a o g a o s a n u	G l d o
S i d h N t o n o r	G l d o
i G D o n g o u z	l d G o
G i i W a n g a y n g	G l d o
A i l t m o e e y	C I r o n o p p e r ,

Project Update

Marmot Ridge Copper
Wuritu

•

Beyinhar North Gold
Naogaoshandu Gold
Bu Dun Hua

Copper Gold, Silver

Inner Mongolia

Area: 1.28M sq km Pop: 21M Capital: Hohhot (>1M)

•Under-explored
• Exciting global tectonic position
•Opportunities

Sonid District Projects

Greater Hingan-Mongolian Fold Belt

Marmot Ridge Porphyry Cu Project

Large hydrothermal alteration system (> 6sq km) Geological setting analogous to Oyu Tolgoi Numerous copper anomalous zones encountered Two large IP anomalies identified Drilling commenced Target: 500 - 1,000 Mt Cu deposit