Solex Resources Corp.

Solex Resources Corp.

April 17, 2007 14:12 ET

Solex Resources Corp. Intercepts 0.089% U308 Over 10 Metres at Macusani

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) - Solex Resources Corp., (TSX VENTURE:SOX) ("Solex" or the "Company") and Frontier Pacific Mining Corporation (TSX VENTURE:FRP) ("Frontier Pacific" or the "Operator"), (collectively the "Joint Venture Participants") are pleased to report that recent assays on the remaining 7 drill holes at Calvario III have outlined further high grade Uranium mineralization on the near surface horizontal ignimbrite zone, previously described in our News Release dated April 2, 2007.

Drill hole No. 56 intercepted 0.089% U308 (1.92 lbs per ton) over 10 metres (33 feet), including 0.3% U308 (6.65 lbs per ton) over 3 metres (10 feet).

The previous News Release of April 2, 2007, confirmed a near surface flat lying ignimbrite volcanic flow 10 metres thick over a surface area of 158,000 square metres with a preliminary overall average grade of 0.32 lbs per ton. This area represents only a small portion of the radiometric anomaly contained within the four square kilometre of the Calvario III concession. A listing of assays from holes drilled to date (61 holes) on the Calvario III concession can be found posted on the Solex Resources website at

The assay results further indicate an increase in the uranium grade in a northwest direction, enlarging the identified Uraniferous ignimbrite zone. The Joint Venture Participants believes that further drilling on Calvario III later in the year may significantly increase both the grade and volume of this target.

Drilling is presently underway at the Sayana West and Agaton targets with additional drilling expected to begin on the Calvario II target within 10 days. Drill results will be released as they become available.

Mohan R. Vulimiri, M.Sc., P.Geo., Chairman of Frontier and Director of Solex, is the person responsible for initiating and guiding the work programs. Jonathan Challis, C.Eng., FIMMM., President and Director of Solex is responsible for the contents of this press release. Mr. Vulimiri and Mr. Challis are qualified persons in accordance with National Instrument 43-101 guidelines.


Solex is a mineral exploration company engaged in the acquisition and exploration of uranium and base metal properties in the Republic of Peru. Solex is the largest concession holder in the Macusani Uranium District in southeast 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 Macusani East project after spending CDN$4 million over a five year period. Solex is also exploring its 100% owned Pilunani (lead-zinc), Princesa (silver-lead-zinc), Macusani West (uranium), Picotani (uranium) and Cullquimayo (copper-silver-uranium) properties.

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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