Suramina Resources Inc.
TSX : SAX

Suramina Resources Inc.

August 30, 2007 13:43 ET

Suramina Intersects 4.40 m of 994.71 g/t Silver, 1.96% Zinc and 1.26% Lead at Cerro Cuadrado Silver/Zinc Vein System

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2007) - Suramina Resources Inc. ("Suramina") (TSX:SAX) is pleased to provide the results from the second diamond drill program on its 100% owned Cerro Cuadrado Project, Argentina. A total of 1,055.5 metres were drilled in 7 diamond holes and intersected significant silver and zinc grades and confirmed continuation along strike and down dip within three zones and the potential for further Ag-Zn-Pb (Au) mineralization within the 6 kilometre vein system identified to date.

Cerro Cuadrado is an intermediate sulphidation epithermal Ag-Zn-Pb (Au) vein system first discovered in 2004 during a reconnaissance program in Santa Cruz province, southern Argentina. The country rocks are similar in age and composition to those of the Jurassic Chon Aike Volcanics which host the Cerro Vanguardia gold-silver epithermal vein system, as well as other advanced projects in the same geological region. To date, the company has identified a vein system with a total strike length exceeding 6 kilometres with vein widths up to 7 metres. A seven hole, 545.5 metre diamond drill program initially intersected very encouraging silver-zinc-lead-gold values over promising widths (holes CC-01 to CC-07). Given these initial results, an IP and ground magnetic survey covering the known vein system was completed prior to the follow-up diamond drill program reported herein (CC-08 to CC-14). Further work is now being planned in order to increase the zone of known mineralization at Veta Grande and test the large strike length of other veins. Highlights of the recent drill program are presented below and in the attached table.

Veta Galena Zone

- CC08: 3.26m at 109.36g/t silver, 4.63% zinc and 1.83% lead

- CC09: 0.90m at 223.00g/t silver, 21.8% zinc, 5.58% lead and 0.62g/t gold

- CC10: 1.54m at 253.00g/t silver, 0.39g/t gold, 7.92% zinc and 1.80% lead

Veta Grande Zone

- CC13: 6.00m at 111.81g/t Ag, 0.93% zinc and 0.67% lead

- CC13: 0.50m at 12.30g/t silver, 0.12 g/t gold, 12.3% zinc and 2.22% lead

- CC13: 2.20m at 22.00g/t silver, 0.15 g/t gold, 5.68% zinc and 0.97% lead

Brecha Alta Zone

- CC11: 3.90m at 85.11g/t silver, 0.21% zinc and 0.67% lead

- CC14: 4.40m at 994.71g/t silver, 1.96% and 1.26% lead including 0.65m at 2,370 g/t silver, 3.58% zinc and 3.88% lead

At the Veta Galena Zone, three holes were drilled along strike and down dip to test the continuation of mineralization intersected in the previous drill campaign. The results of drilling confirm similar mineralization over a strike length of approximately 525 metres and 130 metres down dip. The Veta Galena vein has been mapped at surface over a strike length of approximately 1,650 metres and remains to be tested in full.

At the Veta Grande Zone, two holes were drilled to test extensions along strike and down dip of the mineralized zone outlined in the first drill program. Hole CC-13 (see attached table) confirms an increase in the width of the mineralized zone and higher grades in both silver and zinc along strike. Multiple veins continue south to the Brecha Alta zone, a distance of approximately 1,250 metres and remains an important target to be tested further.

At the Brecha Alta zone, holes CC-11 and CC-14 were drilled to test down dip and along strike extensions of mineralization intersected previously. Hole CC-14 confirms a significant increase in the width and grade of mineralization down dip, including a 0.65m structure grading 2,370g/t Ag, 3.58% Zn and 3.88% Pb from 154.35 metres, while hole CC-11 confirms similar mineralization along strike, approximately 260m to the south of hole CC-05.

Suramina is excited about the recent results and a third phase of drilling is being organized for the fourth quarter to potentially expand the envelope of known high grade mineralization and to explore the relationship and possible continuity between the Veta Galena, Grande and Brecha Alta zones.

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 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., President of Suramina Resources Inc., 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

Paul K. Conibear, President

To view attached map please click on the following link: http://www.ccnmatthews.com/docs/sx0830.pdf



Holes CC-01 to CC-07 Previously Reported
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DEPTH INTERVAL(i) From To
DDH (m) (m) (m) (m) g/t Ag % Zn % Pb g/t Au
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CC-01 81.00
2.05 23.00 25.05 338.00 4.77 2.63 0.23
incl. 1.55 23.50 25.05 494.00 7.08 3.88 0.34
incl. 0.55 24.50 25.05 873.00 10.35 6.80 0.43
2.30 70.30 72.60 79.60 11.26 1.03 less than 0.1
incl. 1.40 71.20 72.60 111.10 15.55 1.44 0.13
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CC-02 69.20
3.30 21.90 25.20 84.05 2.71 0.64 0.18
incl. 2.60 22.60 25.20 96.46 3.02 0.66 0.18
0.90 51.50 52.40 38.90 2.06 1.91 less than 0.1
-----------------------------------------------------------------------
CC-03 64.30
4.45 24.45 28.90 18.80 1.93 0.60 less than 0.1
incl. 2.35 26.55 28.90 20.95 3.10 0.99 less than 0.1
incl. 0.55 26.55 27.10 58.10 7.30 3.15 0.12
0.40 49.30 49.70 28.60 4.55 1.42 0.13
1.60 60.40 62.00 10.10 1.16 0.30 0.12
-----------------------------------------------------------------------
CC-04 75.20
0.50 34.60 35.10 14.10 1.79 0.57 0.12
0.95 72.05 73.00 9.60 1.06 0.20 0.17
-----------------------------------------------------------------------
CC-05 81.30
3.70 23.70 27.40 172.00 0.61 0.33 less than 0.1
incl. 0.75 23.70 24.45 353.00 0.60 0.25 0.25
incl. 0.55 25.45 26.00 229.00 0.86 0.68 0.03
1.80 41.00 42.80 190.00 1.95 0.40 less than 0.1
incl. 0.90 41.40 42.30 441.00 4.34 0.84 less than 0.1
-----------------------------------------------------------------------
CC-06 66.10
0.25 15.10 15.35 63.90 7.65 4.58 0.27
0.50 34.90 35.40 10.10 1.51 0.67 less than 0.1
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CC-07 108.45
1.00 26.05 27.05 53.00 2.19 0.92 less than 0.1
0.50 56.10 56.60 1880.00 2.18 1.28 less than 0.1
0.25 59.40 59.65 248.00 3.62 0.56 less than 0.1
1.70 69.45 71.15 8.10 3.80 1.08 less than 0.1
1.40 94.50 95.90 270.00 0.43 0.34 less than 0.1
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CC-08 103.00
3.26 40.80 44.06 109.36 4.63 1.83 less than 0.1
incl. 0.20 40.80 41.00 28.20 9.44 0.32 less than 0.1
incl. 0.80 43.26 44.06 433.00 16.00 7.34 less than 0.1
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(i)Intersections are drilled widths, not true widths. True widths are
less than drilled intersections.


DEPTH INTERVAL(i) From To
DDH (m) (m) (m) (m) g/t Ag % Zn % Pb g/t Au
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CC-09 200.00
2.70 77.50 80.20 214.00 11.82 2.78 0.34
incl. 0.90 78.40 79.30 223.00 21.80 5.58 0.62
1.82 167.68 169.50 12.84 1.94 0.32 0.14
4.85 181.65 186.50 13.43 2.24 0.52 less than 0.1
incl. 0.80 181.65 182.45 26.20 3.02 0.55 0.12
incl. 0.83 183.45 184.28 21.40 7.30 1.78 0.18
incl. 0.50 186.00 186.50 27.30 2.18 0.52 0.01
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CC-10 131.20
1.54 46.13 47.67 253.00 7.92 1.80 0.39
-----------------------------------------------------------------------
CC-11 101.90
1.60 46.70 48.30 118.62 0.67 0.27 less than 0.1
incl. 0.60 46.70 47.30 153.00 1.20 0.52 0.12
3.90 50.00 53.90 85.11 0.21 0.07 0.02
incl. 0.70 53.20 53.90 132.00 0.22 less less than 0.1
than
0.1
-----------------------------------------------------------------------
CC-12 197.80 without significant values
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CC-13 148.80
0.83 8.17 9.00 134.00 4.95 1.31 0.12
6.00 19.00 25.00 111.81 0.93 0.23 0.17
incl. 1.00 19.00 20.00 153.00 0.93 0.61 less than 0.1
incl. 1.00 20.00 21.00 169.00 0.61 0.22 0.15
incl. 1.00 23.00 24.00 160.00 0.18 1.06 0.20
0.50 65.20 65.70 110.00 12.30 2.22 0.12
0.94 99.90 100.84 22.20 2.43 1.13 less than 0.1
2.20 115.20 117.40 22.00 5.68 0.97 0.15
incl. 1.00 115.20 116.20 39.30 10.65 1.94 0.24
0.75 131.65 132.40 13.40 2.53 0.35 0.17
-----------------------------------------------------------------------
CC-14 172.80
1.51 57.46 58.96 138.00 0.30 less less than 0.1
than
0.1
0.50 83.45 83.95 179.00 0.97 less less than 0.1
than
0.1
0.55 137.75 138.25 684.00 0.75 less less than 0.1
than
0.1
4.40 154.35 158.75 994.71 1.96 1.26 less than 0.1
incl. 0.65 154.35 155.00 2370.00 3.58 3.88 less than 0.1
incl. 1.00 155.00 156.00 884.00 2.09 1.36 less than 0.1
incl. 1.00 156.00 157.00 772.00 1.34 0.50 less than 0.1
incl. 1.00 157.00 158.00 722.00 1.27 0.45 less than 0.1
incl. 0.75 158.00 158.75 611.00 2.16 0.99 less than 0.1
1.00 161.00 162.00 26.00 1.52 0.43 less than 0.1
1.00 163.00 164.00 97.60 0.68 0.17 less than 0.1
-----------------------------------------------------------------------
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(i)Intersections are drilled widths, not true widths. True widths are
less than drilled intersections.


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