Solanex Management Inc.
OTC Bulletin Board : SLNX

September 21, 2009 01:05 ET

Solanex Management, Inc.: Expands MOU for Oil Sand Extraction Technology

LAS VEGAS, NEVADA--(Marketwire - Sept. 21, 2009) - The Board of Solanex Management Inc. (OTCBB:SLNX) announces today that Solanex has expanded the territories for the sub-license in their Memorandum of Understanding (MOU) for technology leasing rights for sales, marketing and distribution to Pyrolitic Hydrocarbon Gasification System and a Liquid Extraction Systems. The exclusive territories have been enhanced to include the country of Mexico. The terms and conditions for these rights remain unchanged and this extension allows the Company to explore opportunities for the extensive oil and used tire markets in Mexico, especially at Municipal, State and Federal Government levels. Government agencies throughout Mexico are all very concerned about environmental issues especially as they pertain to used tires in local landfills. The liquid extraction system may well be of interest to the existing petroleum industry in Mexico as it uses a non-toxic, non-carcinogenic solution which separates the oil from its host (i.e. oil sands), but further use will be in an insitu recovery of in ground; old capped/closed oil wells, low producing wells as well as low producing heavy oil deposits where the viscosity is too thick to economically bring the oil to surface.

The MOU calls for a due diligence period, which has begun and is to be concluded on or before the 31st of October, 2009. According to the terms of the agreement, the territory includes the exclusive rights for Mexico, the Central and South American region as well as additional Joint Venture rights to projects in North America with the existing rights holder. The agreement calls for a royalty which is not to exceed 5% of the net production revenue as well as a payment of 3 million common shares of Solanex.

To learn more about the Company, visit the website at: www.solanexmanagement.com

About Solanex Management Inc.

Solanex Management Inc.'s business is 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.

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Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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