Solex Resources Corp.

Solex Resources Corp.

May 25, 2006 15:34 ET

Solex: Confirmation Uranium, U3O8, Assays on Sayana Drill Hole SY06-05, Returns from Surface to 51 Metres, 0.064%, 1.43lbs/ton, Incl. a 1 Metre Intercept of 2.48%, 55.5lbs/ton, Macusani, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2006) - Further to the press release dated May 17, 2006, Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") is pleased to announce that high grade uranium values were obtained in the limited 8 hole diamond core drilling from surface to depths of 50 metres in the Sayana Prospect, Macusani Uranium Project, south-eastern Peru. The results from SY06-05 are tabulated below. Confirmation assay of Over-limit Value returns 51 metres 0.064% Uranium (1.43 pounds/ton), including 28 metres of 0.115% (2.59 pounds/ton), 20 metres of 0.159% (3.56 pounds/ton) and 6 metres of 0.442% (9.73 pounds/ton) from Surface (see figures attached). Confirmation analysis of the sample with the over-limit value of greater than 0.4% returned 2.48% Uranium over 1 metre and is included in the table below. This equates to US$2,222 per ton assuming the present day prices of US$40 per pound.

Frontier Pacific Mining Corporation (TSX VENTURE:FRP) ("Frontier Pacific"), the Operator, is earning a 50% interest in the 50,000 hectare Macusani project by spending US$4 million over five years.

Sayana Zone

Pou- ton
nds assum-
Drill Angle Uran- per ing
Hole Azi- and From-To Width ium short US$40
No. Section muth Length metres metres (%) ton per lb.
SY06 8447608N 135 -48 1.52 to 51 0.064% 1.43 $ 57
-05 degr- degr- 52.52 lbs/
ees ees, ton
53.34 m includ-
1.52 to 28 0.115% 2.59 $ 103
3.52 to 20 0.159% 3.56 $ 142
1.52 to 6 0.102% 2.29 $ 91
3.52 to 3 0.197% 4.42 $ 176
21.52 to 6 0.434% 9.73 $ 389
22.52 to 1 2.480% 55.55 $2,222

SY06-05 is the southernmost hole drilled to date. This drill hole and surface geological and scintillometre surveys suggest that the uranium mineralization is open to the south and appears to be present over a vertical distance of 100 metres and over an area of 400 metres by 300 metres. The mode of occurrence identified to-date suggests that the mineralization is associated with coarser-grained ignimbrite units, its feeders and the equivalent hypabyssal rocks to the south. This is confirmed by scintillometre surveys and an east-west trending AlphaTrack radon gas anomaly. Assay results from the other 7 drill holes can be referred to in the Company's press release disseminated on May 17, 2006.

In addition, a very large and strong AlphaTrack radon anomaly was also identified 2 kilometres west of the current Sayana drilling. This anomaly appears parallel to the mineralization trend delineated in the trenches and intersected in the drill holes, and covers an area approximately 1000 metres long and 500 metres wide with over-limit values of greater than 5000 tracks/square millimetre. This anomaly needs to be tested by drilling. Preliminary examination of the anomaly suggests that this anomaly may be related to another uraniferous ignimbrite eruptive unit at higher stratigraphic levels. Uranium mineralization occurs as fracture-fillings and disseminations and consists of autunite, meta-autunite, weeksite, gummite and minor pitchblende.

The presence of surface to near-surface uranium mineralization at Sayana suggests that it may be exploited by open-pitable methods and appears to be amenable to large-scale heap leaching techniques. Expanded systematic diamond drilling and extensive engineering studies are required to properly assess these concepts before making any resource estimates. Solex and Frontier Pacific are engaging a reputable laboratory to carry out column and heap leach tests on available Macusani core samples.

The Company has been limited to drilling from two platforms on each target due to restrictions of the drill permits previously applied for. The Company is in the process of applying for new Category B permits which will facilitate expanded systematic grid-based diamond drilling to properly evaluate several targets in the large 50,000 hectare Macusani concessions. These drill permits will further assist the Company in evaluating the uranium resource potential on each target. Diamond drilling based on two-platform limitations is on-going on the Puncopata and Agaton targets at present and is expected to be completed in the first week of June, 2006.

Other potential zones, prospects and mineralized areas identified to-date as a result of the initial regional prospecting, sampling and radiometric ground surveys conducted over the last nine months include Calvario II, Calvario III, Tuturamani, Quiscopunco and Huiquisa.

In addition, the Company is implementing an extensive regional exploration program consisting of geological mapping, prospecting and radiometric surveys to locate potential similar targets over areas not previously examined in the extensive 50,000 hectare concessions.

The analyses from Macusani drilling are being performed by Activation Laboratories Ltd. ("Actlabs"), Ancaster, Ontario, Canada. Actlabs has a preparation laboratory in Lima, Peru.

Mohan R. Vulimiri, M.Sc., P.Geo., Chairman of Frontier Pacific and Director of Solex, is the person responsible for initiating and guiding the work programs. Brian Malahoff, B.Sc., P.Geo. is responsible for the direct, on-site, supervision of the drilling. Mr. Vulimiri and Mr. Malahoff are qualified persons in accordance with National Instrument 43-101 guidelines. Mr. Vulimiri, is also responsible for the contents in this press release.


Solex is an exploration development stage company engaged in the acquisition and exploration of mineral properties, focusing on southern Peru. Solex has four main properties: Pilunani (lead-zinc-silver); Macusani (uranium); Cullquimayo (copper-silver-uranium) and Princesa (silver).

On Behalf of the Board of Directors of SOLEX RESOURCES CORP.

Jonathan Challis, President & Director

This news release has been prepared by management of the company who takes full responsibility for its contents. This news release may include forward-looking statements within the meaning of section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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