Solex Resources Corp.

Solex Resources Corp.

August 23, 2006 10:00 ET

Solex Resources Corp. Announces Further Staking in Macusani District

VANCOUVER, BRITISH .COLUMBIA--(CCNMatthews - Aug. 23, 2006) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") is pleased to announce that further to a site visit by Dr. Alan Clark, an initial review of the geology of the area and positive results from the adjacent property in the Macusani District, Solex has staked a further 35 claims (33,500 hectares) (known as Macusani West) in the Macusani District of Peru. These claims are not included in the Joint Venture properties elsewhere in the Macusani region and are outside the area previously explored by the Peruvian Institute of Nuclear Energy.

Dr. Clark has many years of experience in this region and after his initial site visit in April 2006, he detected some very pronounced geological similarities with the geology of the existing Macusani claims - ignimbrites with very similar mineralogy to that seen elsewhere hosting uranium mineralization. As a result of this, these claims were acquired but no work has yet been completed on them.


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 SE Peru. The Macusani 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 5 year period. Solex is also exploring its 100% owned Pilunani (lead-zinc), Princessa (silver-lead-zinc) and Cullquimayo (copper-silver-uranium) properties. The Company is well funded with working capital of approximately CDN$3.4 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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