Main results in obtaining exact solutions for multidimensional models and their application to solving main problems of modern cosmology and black hole physics are described. Some new results on composite fluxbrane and S-brane solutions for a wide class of intersection rules are presented. These solutions are defined on a product manifold R* × M1 ×... × Mn which contains n Ricci-flat spaces M1,..,Mn with 1-dimensional R* and M 1. They are defined up to a set of functions obeying non-linear differential equations equivalent to Toda-type equations with certain boundary conditions imposed. Exact solutions corresponding to configurations with two branes and intersections related to simple Lie algebras C2 and G 2 are obtained. In these cases the functions Hs(z), s = 1, 2, are polynomials of degrees: (3, 4) and (6, 10), respectively, in agreement with a conjecture suggested earlier. Examples of simple S-brane solutions describing an accelerated expansion of a certain factor-space are given explicitely. © 2007 American Institute of Physics.