Suramina Resources Inc.

Suramina Resources Inc.

May 02, 2008 09:00 ET

Suramina Announces Additional Results From Filo Del Sol

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 2, 2008) - Suramina Resources Inc. ("Suramina") (TSX:SAX) is pleased to announce additional results from the 2008 drill campaign at the Filo Del Sol copper/gold project in San Juan Province, Argentina. A total of 2,884 metres of reverse circulation drilling was completed in 10 holes during the current program.

Results have now been received for Hole VRC 53 which returned 300 metres grading 0.276 g/t gold and 0.35% copper, including 116 metres grading 0.279 g/t gold and 0.512% copper and 66.898 g/t silver. The hole ended in mineralization. Please see attached table.

Results from holes VRC 54 and 55 and the last 120 metres of hole VRC 51 are pending.

Hole VRC 53 gives further evidence of significant near surface copper oxide mineralization with good accompanying gold and silver values. The mineralization overlies a large cluster of porphyries, of which at least 5 have been identified to date, and flanks an interpreted diatreme breccia centre. Two large diatremes have now been mapped and are being further studied.

Previous drilling and the results from the current program indicate a sizeable near surface mineralized zone with a possible extension 1.5 kilometres to the north-northeast. Several holes end in increasing copper/gold grades at depth. New trenching at the nearby Cerro Vicuna porphyry has revealed additional near surface soluble copper/gold targets.

The model for this project is near surface copper/gold oxides overlying deeper copper/gold porphyry and diatreme targets. Over the next few months, the Company will initiate metallurgy and leach recovery studies.

The Company is the operator of the project with JOGMEC holding an option to earn a 40% interest.

Suramina's exploration programs are carried out under the direction and management of J. Patricio Jones (PhD). Dr. Jones and his team discovered the 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.


J. Patricio Jones, President and CEO

Filo Del Sol
2008 Drill Results

Drill Depth From To Interval Cu Au Ag
Hole (m) (m) (m) (m) (%) (g/t) (g/t)
VCR 53 300 0 300 300 0.350 0.276
including 20 136 116 0.512 0.279 66.898
including 208 240 32 0.390 0.330

True thicknesses are not accurately known at this time; in some cases they
may be less than reported.

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.

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