Solex Resources Corp.

Solex Resources Corp.

December 12, 2007 14:50 ET

Solex Resources Corp. Provides Exploration Update on Three Wholly Owned Uranium Projects in Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2007) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") provides an initial exploration update on its 100% owned uranium projects in the Macusani Uranium District of Southern Peru. Regional exploration consisting of geological mapping and geophysical prospecting is currently ongoing with the objective of increasing the Company's geological knowledge of the area and to pinpoint anomalous areas for future drilling.

Solex holds three wholly owned projects in the Macusani region totalling over 42,600 hectares. Originally held in one project called the Macusani West uranium project, the projects have been separated due to their distinct locations and logistical/geological considerations and are as follows:

- Macusani West (34,100 hectares);

- Macusani South Central (4,000 hectares); and

- Macusani South (4,500 hectares).

Exploration Strategy

In the first six months of 2007, Solex completed a preliminary evaluation of the geological, environmental and social aspects pertaining to its wholly owned Macusani projects. This work included the compilation of a 1:100,000 geological map of the greater Macusani district with accompanying satellite imagery as well as updated claims, logistical and surface ownership maps.

Based on its findings, Solex developed a comprehensive exploration program for its Macusani projects and retained the requisite human resources to execute this program. The exploration program consists of three stages:

Stage One: Regional exploration consisting of geological mapping (scale of 1:25,000), rock chip sampling and geophysical "prospecting" using hand-held scintillometers.

Stage Two: Anomalous target areas identified in Stage One undergo systematic exploration including geological mapping on a 1:2,500 to 1:1,000 scale. Geophysical surveys to be conducted down to 40-metre line spacing to identify drill targets.

Stage Three: Drilling commences.

Exploration Context and Work Completed to Date

Macusani West

The concessions, which total 34,100 hectares, are contiguous to Solex's Macusani East joint ventured properties and to Bear Creek Mining Corporation's Corani silver deposit to the southeast.

Stage one of exploration commenced at this project in September 2007 and has been ongoing. As of mid-November, three teams have exceeded expectations for progress by completing regional geological mapping and scintillometer prospecting over approximately 11,000 hectares. Data collection and compilation is ongoing until the Christmas break in mid-December and will resume in mid-January.

Macusani South

Covering 4,500 hectares, this project is the most accessible of Solex's 100% owned uranium properties. In 2006, the Company completed initial prospecting work to identify areas of possible interest and had identified an anomalous area with a potential drill target.

Stage one of exploration commenced in September 2007 with one dedicated geological mapping team. Progress has been swift and a 1:25,000 scale geological map has now been completed. Currently, four geophysics crews (Val d'Or) are completing an initial 100-metre-spaced geophysical survey to produce a radiometric map of the area and to better define the anomaly.

Macusani South Central

Covering 4,000 hectares and located between the Macusani South and Macusani West projects, this project was also subject to preliminary prospecting work by Solex in 2006. In September 2007, the first stage of regional exploration commenced with three field crews. To date, a 1:25,000 scale geology map and regional geophysics have been completed.

Work Summary

In total, over 600 rocks samples have been taken on all three projects and have been sent to SGS Laboratories in Lima for analysis. Results are pending. Currently, there is an estimated 10-day turnaround time for rock chip samples with less than 1% uranium and a 20-day turnaround time for samples with over 1% uranium.

An updated concession map is attached at the end of this press release and is available with area views on the Company's website

NOTE: To view the map, please click the following link:

Next Stage Work Program

Solex is targeting mid-February 2008 for the completion of a basic regional geological map (1:25,000) of the entire area under the Company's control. In addition, a detailed 1:1,000 scale geological map and geophysical map of Macusani South will be completed to prepare for an initial drill campaign to start during the first quarter of 2008.

Technical Teams

- 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;

- Mr. Juan La Cruz (General Manager, SAMSAC): B.Sc. Geology, San Marcos University of Lima, and post graduate studies in mineralogy, geochemistry of mineral deposits, project evaluation and Financial Administration. Mr. La Cruz has more than 30 years experience working internationally with senior and junior companies such as Noranda, Battle Mountain Gold, Normandy, Newmont, Placer Dome and Goldmarca Ltd.;

- Mr. Andres Rivera Zeballos (SAMSAC): B.Sc. Geology, San Agustin De Arequipa University. Mr. Zeballos has over 36 years experience in exploration and mining geology in South America; and

- Mr. Cesar Munoz (ExploAndes): Ph.D. Geology, University of Heidelberg, with 30 years of experience working internationally for Newmont, North Limited, BHP Billiton, Barrick Gold and Placer Dome.

Community Relations

In addition to conducting exploration work, Solex has been implementing a carefully designed community relations program to ensure that local communities are being fully respected and supported by the work conducted by the Company. With few exceptions, all services including personnel, food supply and car rentals are sourced locally. To date, all work has proceeded with success and support from local neighbours.

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.

Solex is a mineral exploration Company engaged in the acquisition and exploration of uranium and base metal properties in the Republic of Peru. The Company is currently active on four projects: the Macusani East uranium project (50/50 joint venture with Frontier Pacific Mining Corporation); the Macusani West, Macusani South Central and Macusani South uranium project (100%); the Pilunani lead-zinc project (100%); and the Princesa lead-zinc-silver project (100%), and Culquimayo base metals project (100%).

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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