Solex Resources Corp.

Solex Resources Corp.

December 04, 2006 13:11 ET

Solex Appoints Robert Boaz to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company"), is very pleased to announce that the Company has appointed of Mr. Robert Boaz to the Board of directors of Solex.

Mr. Boaz has 18 years in the investment business after a distinguished career in the power and natural gas industry working in management positions for Ontario Hydro, Saskatchewan Power and Consumers Gas. He has held senior management positions in a number of firms in the investment industry, including Dundee Securities, HSBC Canada Inc., BZW Canada Inc. and Midland Doherty Inc., with direct responsibilities related to research, portfolio management, institutional sales and investment banking.

More recently, Mr. Boaz was Managing Director of Investment Banking with Raymond James Ltd. in Toronto. In this capacity, he was primarily responsible for the financing of (and mergers and acquisitions for) mining, real estate, and special situations companies.

Mr. Boaz currently holds directorships with Ur-Energy Inc, Aura Silver Resources Inc. and MultiFlora Commodities Ltd.


Solex is a development stage mineral Exploration Company engaged in the acquisition and exploration of uranium and base metals properties in Peru. Solex is the largest concession holder in the Macusani Uranium District in S.E. Peru. The Macusani East Project is a joint venture with Frontier Pacific Mining Corporation which has the right to earn a 50% interest in the project after spending $4 million over a five year period. Solex is also exploring its 100% owned Pilunani (lead-zinc), Princesa (silver-lead-zinc), Macusani West (uranium) and Cullquimayo (copper-silver-uranium) properties. The Company is well funded with working capital of approximately CDN$3.0 million.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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