Solex Resources Corp.

Solex Resources Corp.

October 07, 2005 15:19 ET

Solex Resources Corp. Retains Peter Granditch

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 7, 2005) - Solex Resources Corp. (TSX VENTURE:SOX)(CNQ:SOLX) ("Solex") is very pleased to announce that it has retained Granditch Publications (Peter Granditch) to provide investor relations and public awareness services to the Company. Solex has agreed to pay Granditch Publications a retainer of US$1,500 per month. The Board of Directors of Solex have agreed to grant Granditch Publications 100,000 share purchase options under the Company's stock option plan at an exercise price of C$0.40 per share, expiring on October 1st 2007. This contract is subject to regulatory approval.

The Board of Directors of Solex also wish to announce that in addition to the above option, they have awarded 1,360,000 two-year share purchase options at an exercise price of C$0.40 per share (being the closing price on the day prior to award) under the Company's stock option plan to Directors, employees and consultants to the Company.


Solex is an exploration development stage company engaged in the acquisition and exploration of mineral properties, focussing on southern Peru. Solex has four main properties: Pilunani (lead-zinc-silver); Macusani (uranium); Vilcabamba (copper-silver-uranium) and Princesa (silver). The most advanced property is the high-grade Pilunani zinc-silver-lead project. Pilunani, long recognized for its high-grade zinc anomalies at surface, remains largely unexplored by modern methods and a limited drill programme is being formulated for later this year.

On Behalf of the Board of Directors


Jonathan Challis, President & Director

This news release has been prepared by management of the company who takes full responsibility for its contents. The CNQ Exchange, nor the TSX-V Exchange, neither approves nor disapproves of the contents of this news release. This news release may include forward-looking statements.

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