Suramina Resources Inc.

Suramina Resources Inc.

January 15, 2008 10:04 ET

Suramina Announces Additional High Grade Silver/Zinc Intercepts From Cerro Cuadrado

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Suramina Resources Inc. ("Suramina") (TSX:SAX) is pleased to provide an update on its current exploration activities in Argentina.

The Company has received additional results from its ongoing drill program at its Cerro Cuadrado polymetallic epithermal vein project in Santa Cruz province.

Hole CC16 in the Veta Galena zone returned the following intercepts:

Vein 1: 31.00-32.35 m: 1.35 metres @ 321 g/t Ag; 1.69 % Zn; 0.57 % Pb incl. 0.50 metres @ 568 g/t Ag; 1.88 % Zn; 1.14 % Pb

Vein 2: 150.20-151.80 m: 1.60 metres @ 12 g/t Ag; 5.7 % Zn; 0.46 % Pb incl. 0.80 metres @ 20 g/t Ag; 9.59 % Zn; 0.87 % Pb; 0.16 g/t Au

The current drill program at Cerro Cuadrado will comprise approximately 4,400 metres in 27 diamond drillholes and is expected to be completed in March.

A 2,850 metre drill program (7 holes) is also currently underway at the Filo del Sol project in San Juan province. This program is expected to be completed by the end of March.

In addition the Company is planning drill programs at its Los Helados and Cerro Blanco projects located in Region III, Chile.

The Company also announces that it has claimed 1,000 hectares of exploration ground in Peru and has commenced reconnaissance work. In addition to this newly claimed land in Peru, the Company now holds approximately 600,000 hectares in Argentina, 48,000 hectares in Chile and 142,000 hectares in Colombia.

Suramina's exploration programs are carried out under the direction and management of J. Patricio Jones (PhD). Dr. Jones and his team discovered the worldclass Veladero gold deposit in Argentina and was responsible for the initial development of the Bajo de Alumbrera copper-gold project. The technical contents of this release have been reviewed and verified by Mr. Paul K. Conibear, P.Eng., Director of Suramina Resources Inc., who is an appropriately qualified person as defined by National Instrument 43-101. Samples are sent to ALS Chemex labs in Mendoza Argentina and Santiago, Chile, for analysis using conventional ICP methods with multi-acid digestion. A 50 gram fire assay with AA (atomic absorption) finish is run on all samples for gold. A series of blanks are routinely introduced with each batch of samples. Quality controls include preparation and analysis statistics performed to industry standards.

Forward-Looking Statements

Certain information regarding the Company set forth in this press release, including the Company's future plans contains forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of mineral estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievements could differ materially from those expressed in or implied by, these forward looking statements and accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward looking statements will provide any benefits to the Company.

On Behalf of the Board

J. Patricio Jones, President and CEO

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