Solex Resources Corp.

Solex Resources Corp.

June 14, 2007 09:46 ET

Solex Resources Corp. Reports Completion of Drilling of Five Targets on Macusani East

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2007) - Solex Resources Corp. (TSX VENTURE:SOX)("Solex" or the "Company") is pleased to announce it has received an update from the operator, Frontier Pacific Mining Corporation, on the progress of the 20,000-metre drill program on its Macusani East uranium project in southeastern Peru.

Since January, 2007, the operator has drilled a total of approximately 11,127 metres in 212 holes over five targets (out of eight planned). The targets that have been completed include:

- Calvario III (61 holes totalling 3,607 metres);
- Agaton (40 holes totalling 1,903 metres);
- Sayana West (28 holes totalling 1,645 metres);
- Sayana Central (38 holes totalling 1,972 metres); and
- Calvario I (45 holes totalling 2,000 metres).

The joint venture partners are currently awaiting drill results from four of the completed targets (Agaton, Sayana West, Sayana Central and Calvario I). Calvario III results were reported in Solex's news releases on April 2, 2007, and April 17, 2007. The Calvario III target outlined a near-surface mineralized zone measuring 500 m by 300 m having an average thickness of 10 metres grading 0.32 pound per ton U308. The area covered by the initial 61 holes drilled represented less than 10 per cent of the target area, which was found to be open to the north, west and south with higher grade zones increasing to the northwest. The operator is planning to continue drilling to the west and northwest to determine the extent of mineralization.

Due to the remote location of the targets and the time involved in initial sample preparation carried out in Peru and final assay procedures conducted in Canada, assay results are taking longer than initially projected. Once results are received and evaluated, they will be released on an individual target basis.

All drill permits and approvals for the eight initial targets on Macusani East uranium project have been received from the Peruvian Ministry of Energy and Mines. Approximately 30 square kilometres of additional radiometric surveys have also been completed this year outlining an additional eight uranium targets. An updated map showing the new radiometric surveys can be seen on Solex's corporate presentation available at

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.

On Behalf of the Board of Directors of


Jonathan Challis, President & Director

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.

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.

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