Solanex Management Inc.
OTC Bulletin Board : SLNX

September 10, 2009 09:30 ET

Solanex Management, Inc.-Correction of Previous Release and Update of Development of the Joint Venture

LAS VEGAS, NEVADA--(Marketwire - Sept. 10, 2009) - The Board of Directors of Solanex Management Inc. (OTCBB:SLNX) ("the Company") wishes to correct a previous announcement pertaining to the residence of its newest Director, Mr. Luis Mora. It was incorrectly announced that Mr. Mora resides in Barcelona, Spain when in fact he resides in Madrid, Spain.

With regard to the development of its Joint Venture announced on August 25 2009, the Company is pleased to announce that negotiations have been completed for the Joint Venture with Geo Finance Corporation and all documents, incorporation of the Limited Liability Corporation and all necessary operating agreements will be completed by the end of September in advance of the stated "Negotiation Period". GeoFinance Corporation, the Joint Venture partner, has informed Solanex that GeoFinance Corporation has presented an Expression of Interest to provide financing and monitoring for the installation of a geo-exchange collection field in Ontario, Canada.

The details of the project as defined in the feasibility/engineering study calls for the provision of heat, hot water and air-conditioning for up to 540,000 square feet of residential, municipal arena and retirement facilities at a cost estimated to be approximately $4,500,000.

As described in the August release, the Joint Venture will be established by means of a Limited Liability Company (LLC) under US Law, with its place of business being in the State of Nevada According to the terms of the MOU, the JV shall be 51% owned by Solanex and 49% by Geo Finance Corporation.

To learn more about the Company, visit the website at:

About Solanex Management Inc.

Solanex Management Inc. is focused on the development, manufacture, distribution, marketing and sales of alternative, renewable and waste energy technologies. The Steam Injection System is a portable high temperature, high pressure steam generation unit being developed for use by companies who are in the bitumen/heavy oil exploitation business. The Company has made initial arrangements with TS2000-Star Vehicle Technologies Inc., a company that has a production joint venture with a Chinese Manufacturing Group. The waste to energy technology is a modular unit which has the ability to convert Municipal Solid Waste to electricity in small regional municipalities.

For more information on Solanex Management, Inc., visit:

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