Solex Resources Corp.
TSX VENTURE : SOX

Solex Resources Corp.

January 24, 2006 06:15 ET

Solex Resources Corp.: Trenching Returns High Grade Uranium Values Over Significant Widths at Macusani Project (Sayana Target), South-Eastern Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 24, 2006) - Solex Resources Corp. (TSX VENTURE:SOX) ("Solex" or the "Company") is pleased to announce that very encouraging high grade uranium values (in excess of 1%U) over significant widths (4 metres) were obtained from channel sampling in three trenches at the Macusani uranium project (Sayana target), South-eastern Peru. A total of 10 trenches, totaling approximately 500 metres, were hand dug over a distance of 150 metres north-south. The trenches did not reach bedrock over the entire length because of the nature of the overburden. Results from the other 7 trenches will be released on receipt.

Frontier Pacific Mining Corporation ("Frontier Pacific") is earning a 50% interest in the 50,000 hectare Macusani project by spending US$4 million over 5 years.

The assays on the Sayana target are as follows:



Sayana:

Trench 1 (west to east)
----------------------------------------------------------------------
Sample Location Width Scinitillometer Uranium
No. metres metres Counts/second ppm (%) Description
----------------------------------------------------------------------
HP-732 0-4 4 2490 230 ppm Channel sample
across fractures
with no visible
uranium minerals
----------------------------------------------------------------------
No sample 4-12 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-736 12-16 4 450 20 ppm Channel sample
across fractures
with no visible
uranium minerals
----------------------------------------------------------------------
No Sample 16-22 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-731 22-26 4 greater than 4110 ppm Channel sample
65535 (0.41%) across one
centimeter wide
visible uranium
fracture,
trending 345
degrees
----------------------------------------------------------------------
No sample 26-29 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-735 30-34 4 454 40 ppm Bedrock with no
fractures
----------------------------------------------------------------------
No Sample 34-41 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-730 41-45 4 greater than 4790 ppm Channel sample
65535 (0.48%) across one
centimeter wide
visible uranium
fracture,
trending N - S
----------------------------------------------------------------------


Trench 2 (east to west, 18 metres north of Trench 1)
----------------------------------------------------------------------
Sample Location Width Scinitillometer Uranium
No. metres metres Counts/second ppm (%) Description
----------------------------------------------------------------------
HP-733 0-4 4 greater than 80 ppm Channel sample
6107 across one
centimeter wide
visible uranium
fracture,
trending 145
degrees
----------------------------------------------------------------------
No sample 4-7 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-734 7-14 7 greater than 5000 ppm Channel sample
20211 (0.50%) across 3 uranium
bearing fractures
trending 220
degrees and 330
degrees
----------------------------------------------------------------------
No Sample 14-16 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-737 16-20 4 greater than greater Channel sample
65546 than across one
10000 ppm centimeter wide
(greater visible uranium
than 1.00%) fracture,
trending 345
degrees
----------------------------------------------------------------------
No sample 20-32 Trench could not
reach bedrock,
mostly soil
----------------------------------------------------------------------
HP-738 32-37.5 5.5 360 20 ppm Bedrock with one
fracture trending
20 degrees, no
visible uranium
----------------------------------------------------------------------
HP-739 37.5-43.5 6 420 10 ppm Bedrock with no
uranium fractures
----------------------------------------------------------------------
HP-740 43.5-49 5.5 521 40 ppm Bedrock with no
uranium fractures
----------------------------------------------------------------------
HP-741 49-51 2 3426 1150 ppm Channel sample
(0.115%) across one
visible uranium
fracture,
trending 200
degrees
----------------------------------------------------------------------


Trench 3 (east to west, 16 metres north of Trench 2)
----------------------------------------------------------------------
Sample Location Width Scinitillometer Uranium
No. metres metres Counts/second ppm (%) Description
----------------------------------------------------------------------
HP-742 0-8 8 greater than 1950 ppm Channel sample
2181 (0.195%) across two
visible uranium
fractures,
trending 325
degrees and 335
degrees
----------------------------------------------------------------------


Calvario III

Systematic and detailed scintillometer surveys are being carried out to identify areas with potential uranium mineralization which has resulted in the discovery of a new area, Calvario III. Extensive fracture-controlled mineralization, with up to 2 centimetre wide uranium fracture fillings, hosted in aluminous rhyolitic ignimbrites, occurs over an area 300 metres by 50 metres. Systematic hand trenching across the uranium bearing fractures is being planned to determine the extent of the mineralization. Other targets identified to date include Calvario I (Calvario North), Puncopata (Calvario South), Calvario II, Tuturamani and Agaton.

Detailed AlphaTrack radon surveys have been completed on Calvario I, Puncopata and Sayana targets. The surveys are designed to identify any hidden uranium mineralization areas overlain by younger ignimbrite units and thick overburden and to help determine drill hole locations. Results will be released on receipt.

The analysis was performed by ALS Chemex Labs of North Vancouver, BC, Canada. Mohan R. Vulimiri, M.Sc., P. Geo., Director, Solex and Chairman, Frontier Pacific is the person responsible for initiating and guiding the work programs. Mr. Vulimiri examined the trenches on the Sayana target, the mineralization on the Calvario III concession, as well as Calvario I, Calvario II and Puncopata areas. Mr. Vulimiri is the qualified person in accordance with National Instrument 43-101 guidelines.

ABOUT SOLEX RESOURCES CORP.

Solex is an exploration development stage company engaged in the acquisition and exploration of mineral properties, focussing on southern Peru. Solex has four principal properties: Pilunani (lead-zinc-silver); Macusani (uranium); Cullquimayo (copper-silver-uranium) and Princesa (silver).

On Behalf of the Board of Directors

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.


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