Solex Resources Corp.

Solex Resources Corp.

March 27, 2008 12:27 ET

Solex Confirms New Uranium Mineralization on Its 100% Owned Macusani South Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") is pleased to announce that the 2007 surface exploration program on its 100% owned Macusani South property has identified widespread surface uranium mineralization.

The Macusani South project (4,700 hectares) is located in the Macusani Uranium District of Southern Peru and is both contiguous with and geologically analogous to the Company's 50% owned Macusani East property which underwent a 24,000-metre drill program in 2007.

"These results have validated the prospectivity of our 100% owned Macusani South property and provide an important step in realizing the value of our strategic land position in the emerging Macusani Uranium District," stated Jonathan Challis, President of Solex. "We look forward to unlocking further value with an aggressive exploration program planned for both our 100% and 50% owned Macusani properties in 2008."

The 2007 Macusani South Phase 1 exploration program focused on geological mapping, geochemical sampling (131 rock chip and 319 trench samples, which have been submitted for assay) and hand held scintillometre prospecting. As a result of this work, a number of surface anomalies have been identified with visible uranium (predominantly autunite and torbernite) and scintillometre readings in excess of 30,000 counts per second. The uranium mineralization occurs as fracture coatings and disseminations within the Quenamari volcanic host rock. These initial results encouraged the Company to initiate a major radiometric survey to test other parts of the property earlier in the year. A drill program (up to 2,500 metres) is currently being planned to further test high priority targets and is expected to start in Q2/08.

Solex uses the internationally accredited SGS and CIMM Peru S.A laboratories in Lima, Peru to analyse its samples. CIMM Peru S.A. also has a sample preparation facility in Juliaca, close to the project site.

The field work was conducted by ExploAndes under the supervision of Dr. Cesar Munoz, Ph.D. Geology (Operations Manager of ExploAndes) and Mr. Alfredo Gamarra (Solex Chief Field Geologist), B.Sc. Geology. Jonathan Challis, FIMMM, is a Qualified Person under Canadian Securities Administrators National Instrument 43-101 policies, and is responsible for the contents of this news release.

Technical expertise referred to in this news release:

- Dr. Cesar Munoz (Operations Manager, ExploAndes): Dr. Cesar Munoz has over 30 years experience working internationally as an exploration geologist for Newmont, North Limited, BHP Billiton, Barrick Gold and Placer Dome. In recent years, he has specialized in the preparation and execution of exploration programs and evaluation of mineral deposits in South America and Peru in particular. He holds Ph.D. Geology (Mineralogy and Ore Deposits) from the University of Heidelberg.

- Mr. Alfredo Gamarra (Solex Chief Field Geologist): P.Geo., B.Sc. Geology, San Agustin Nacional University, Arequipa. With 23 years experience in exploration geology, Mr. Gamarra has been involved in the discovery and development of a number of projects for the Hochschild group and the Pallancata project (now belonging to International Mining Corporation). Much of his experience and expertise relates to work at high altitudes.

About Solex Resources Corp.

Solex Resources Corp. is the dominant landholder in southern Peru's Macusani Uranium District with concessions covering over 904 km2. In 2008, a $5.5-million exploration program is planned on the Company's Macusani East joint ventured uranium project along with an initial National Instrument 43-101 report prepared by Scott Wilson Roscoe Postle Associates Inc. which is due for completion. The Company is also aggressively exploring its three 100% owned Macusani uranium projects. Additionally, the company is actively seeking joint ventures on its Princesa and Pilunani base metals projects.

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

Jonathan Challis, President & Director

This news release may contain forward-looking statements that are based on Solex's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

The TSX Venture Exchange (the "Exchange") has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release. The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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