Suramina Resources Inc.
TSX : SAX

Suramina Resources Inc.

November 26, 2007 11:10 ET

Suramina Claims Large New Land Package in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2007) - Suramina Resources Inc. ("Suramina") (TSX:SAX) is pleased to announce that as a result of an aggressive project generative campaign in Chile for porphyry Cu-Au and epithermal Ag-Au and polymetallic mineralized systems, the Company has applied for 88 exploration concessions, a number of which have already been granted (please see attached map). The total area of the concessions applied for comprise over 26,100 hectares and were acquired following a detailed analysis of Suramina's database and satellite image processing.

In Region III, 4,500 hectares have been claimed and are located 30 km north of Suramina's Vicuna project located within the premier Maricunga Belt. This gold belt is known to host a number of significant gold deposits, including the Cerro Casale deposit and the Refugio/Verde deposit.

In Region VI, 11,000 hectares have been claimed and are located on the Chilean side of Suramina's Elisa properties located in Argentina and close to the El Planchon international border pass. The Elisa properties exhibit high grade, sedimentary-hosted copper mineralization and Suramina's newly claimed blocks in Chile exhibit similar geological features and have the potential for further discovery.

In Region XI, 10,600 hectares have been claimed southwest of Coeur D'Alene Mining's Cerro Bayo and Fachinal silver-gold mines. These deposits also have similar characteristics to a number of deposits on the Argentina side of the border, including Suramina's Cerro Cuadrado property that is presently under exploration and achieving encouraging results (see Suramina's press release of November 7, 2007).

Suramina has a strong generative team of six geologists that are focused on identifying new opportunities in Chile and Peru and reviewing Suramina's large land holding in Argentina (574,000+ hectares). The team is led by senior geologists that were instrumental in the discovery of the worldclass Veladero deposit that has been put in production by Barrick Gold Corp. Suramina has established a comprehensive geological data base and continues to have success based on its in-house satellite image processing and analysis knowledge. This generative approach has proven extremely successful for the Company over the years and has led to the discovery of a number of mineralized porphyry systems, including the large mineralized camp of Josemaria-Vicuna-Los Helados (see Suramina's website: www.suramina.com).

Suramina's exploration programs are carried out under the direction and management of J. Patricio Jones (PhD) and Craig Feebrey (PhD). Dr. Jones and his team discovered the worldclass Veladero gold deposit in Argentina and was responsible for the initial development of the Bajo de la Alumbrera copper-gold project. Information and results from the exploration programs carried out on Suramina's properties are reviewed by Mr. Paul K. Conibear, P.Eng., a Director of Suramina, who is an appropriately qualified person as defined by National Instrument 43-101. Samples are sent to ALS Chemex labs in Mendoza, Argentina, for analysis using conventional ICP methods with multi-acid digestion. A 50 gram fire assay with AA (atomic absorption) finish is run on all samples for gold. A series of blanks are routinely introduced with each batch of samples. Quality controls include preparation and analysis statistics performed to industry standards.

Forward-Looking Statements

Certain information regarding the Company set forth in this press release, including the Company's future plans contains forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of mineral estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievements could differ materially from those expressed in or implied by, these forward looking statements and accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward looking statements will provide any benefits to the Company.

On Behalf of the Board

J. Patricio Jones, President and CEO

To view the map accompanying this release please click on the following link: http://www.ccnmatthews.com/docs/Suramina%20Map.JPG

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