Solex Resources Corp.

Solex Resources Corp.

March 28, 2006 15:18 ET

Solex Resources Corp. Mobilizes Drill for its Pilunani Zinc-Lead-Silver Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2006) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") announces that drill permits have been received for the 100% owned Pilunani zinc-lead-silver property in southeastern Peru. Drilling is anticipated to commence by mid-April. This is in addition and separate to the permits granted on its Macusani Uranium project reported on March 2, 2006.

Initially, 1,000 metres of exploratory diamond drilling, to be conducted by Geodrill S.A.C. of Arequipa, Peru, is planned on the Pilunani property. The majority of this first round of drilling will test the extent of the high grade mineralization identified by trenching at the Minas Sosa Target. In addition, two drill holes will be made on two of four other Target Zones (North western, South western, South eastern and Central Zones) to provide a better understanding of the geology of these targets.

In 1999, a previous operator, Penshaw Exploration ("Penshaw"), hand dug five trenches over the Minas Sosa Target, which were sampled at 1 metre intervals. The best result was 10.94% zinc over 24 metres. Penshaw also completed a soil sampling survey to the west of the Minas Sosa Target. Over 800 samples were taken, over a 1 square kilometre area, identifying a number of geochemically anomalous zones with high zinc and lead results.

Following the acquisition of the property by the Company in 2004, a pit and trench sampling program was undertaken over the same 1 kilometre square area. This consisted of 70 pits, 1.5 metres wide and 0.7 metres deep, and 6 trenches averaging 3 metres wide and 0.7 metres deep. This program further defined the aforementioned four distinct geochemically anomalous Target Zones of greater than 1% lead and greater than 1% zinc. Maximum values from pit sampling were 12.05% and 15.4% zinc.

More recently, Jeff Reeder, a registered professional geoscientist took five grab samples from the Minas Sosa Target recovering an average grade of 16.47% zinc, 6.35% lead and 11.2 grams silver per tonne. These results were incorporated into his March 31, 2005, 43-101 Report.

Further information on all of the prior work can be found in the most recent 43-101 report, dated May 11, 2005 and authored by Mr. Steven Park. His report is available on the Company's website and through SEDAR. The gravity survey as recommended in the latest report has been completed over the target area and the results from this have been used to select drill targets.


Drilling operations will be monitored by a Qualified Person as defined by NI 43-101 and all drill core will be transported daily under his supervision to a secure logging and core cutting facility located close to the exploration site. After the core has been logged and sample intervals marked, it will be split by means of a diamond saw. One half of the core will be then placed in a plastic sample bag with a waterproof numbered sample tag, which is sealed with a tamper-proof security tie while the balance of the core is retained for future reference. The bagged samples are placed in a palletized wooden container that is secured by steel strapping and tamper-proof metal seals in preparation for transportation by truck to ALS Chemex's facility in Arequipa, Peru.

The ALS Chemex Laboratory is accredited to international quality standards through the International Organization for Standardization/International Electrochemical Commission (ISO/IEC) 17025 with CAN-P-1579 (Mineral Analysis) for specific registered tests. The analytical method employed by is GSF 705A, which uses a 50-gram sample for Pb-fire assay followed by flame atomization, atomic absorption spectrometry finish.

In order to maintain a strict quality-assurance/quality-control program, the Company and the laboratories employ a system of mineralized standards and blanks in each batch of samples.

Field activities at Pilunani will be supervised by Dr. Michael Mlynarczyk, P.Geo (Ont), a "Qualified Person" as defined by NI 43-101. Jonathan Challis (FIMMM), a qualified Person, as defined by NI 43-101, has prepared and reviewed the information in this news release.


The Company has also granted 500,000 incentive stock options to employees, directors and consultants with an exercise price of $0.68 exercisable for a two year period.


Solex is an exploration development stage company engaged in the acquisition and exploration of mineral properties, focused on Southern Peru. As well as the Pilunani project, the Company is actively engaged on its Macusani (Uranium) property with joint venture partners, Frontier Pacific Mining Corporation. Other properties include Cullquimayo (copper-silver-uranium) and Princesa (silver).

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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