Company Information for Solex Resources Corp

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Company Statement

Solex Resources Corp. is a Canadian-based exploration company focused on the advancement of highly prospective uranium and base metals properties in southern Peru.

The Company is the dominant landholder in southern Peru's Macusani Uranium District with over 904 km2 of prime uranium concessions hosting at least 50 near-surface anomalies. In 2008, the company aims to uncover an economic uranium resource at its Macusani East joint venture uranium project and advance its three 100% owned Macusani uranium projects.

The company also controls over 9,500 hectares of additional uranium, precious and base metals properties in southeastern Peru which are in the process of exploration or joint venture negotiations.

Current Operations

Peru is one of the most mineralized regions of the world - being rich in silver, zinc, lead, copper, oil and gold. The mining sector has traditionally contributed about half of the country's export revenue and represents a significant source of foreign currency. In recent years, political and economic stability have brought great interest in Peru as a resource-rich investment opportunity for foreign companies.

In 1991, the Peruvian mining law was simplified to allow foreign companies to hold 100% of mineral concessions, providing an attractive framework for the development of mineral projects. As long as companies pay an annual fee of US$3.00 per hectare per year of land held (as a land tax), they can hold concessions indefinitely. This straightforward mining law and exceptional geological potential has helped the country to attract one of the largest budgets for mineral exploration and development in the world.

Property Merits
Solex was formed to uncover the mineral potential of the relatively under-explored region of southeastern Peru, an area which hosts one of the lowest cost mines in the world.

Originally a base metals company when it listed on the TSX Venture Exchange in 2005, Solex's research activities soon led management to the Macusani Uranium District, which was extensively explored in the 1970s by the Peruvian Institute of Nuclear Energy (IPEN). After Solex claimed at least 45 out of 60 uranium anomalies found by IPEN on the Macusani East project, surface exploration work and drilling have confirmed the potential of the area to host lower grade but widespread uranium mineralization at surface down to a depth of at least 50 metres.

Exploration Highlights - 2007/2008
Results from a 24,000-metre, 350-hole drill program completed by the Operator in 2007 on the Macusani East JV uranium project is being compiled to establish an initial Inferred Resource Estimation. The NI43-101-compliant report is expected within the second quarter of 2008.

Extensive regional surface reconnaissance and prospecting work has been ongoing on the company's wholly owned Macusani Projects since September 2007. Systematic exploration for drill targets is advancing quickly on Macusani South for a possible drill program in the second half of 2008. Exploration on Macusani West has identified at least 11 anomalous areas for further exploration.

In early 2007, Solex completed follow-up drill programs on its Princesa silver-lead-zinc and Pilunani lead-zinc projects. Results returned from the Princesa property were highly encouraging with a high-grade intersection of 1,482.5 g/t silver intersected over three metres at a depth of 70 metres. The company is now compiling data from both properties for submission to potential joint venture partners that can bring additional resources and expertise to advance the projects.

Geographical Spread

Peru

Board of Directors and Key Management

Jonathan Challis	President, CEO & Director
Tony Wood	COO, CFO & Director
Deborah G. Thiel	VP Corporate Development
Arnaldo T. Leon	Country Manager - Peru
Robert Boaz	Independent Chairman & Director
Gary German	Director
Etienne Walter	Director

Company Address 420 - 609 Granville Street Vancouver, British Columbia, Canada V6C 2T8 Telephone: (604) 646-7210 Facsimile: (604) 688-8552 Email: shirley[at]solexresources.com Website: http://www.solexresources.com

Additional Address/Key Contact Peru Office: Address: Av. Paseo de la Republica 3195 Of. 501 - San Isidro Lima 27 Peru

Capital As of March 27th 2008: Shares Issued & Outstanding: 57,559,199 Options Outstanding: 4,895,000 Warrants Outstanding: 4,500,000 Fully Diluted: 66,954,199

Year End June 30

Broker/Analyst Reports

20/02/07 - Northern Securities Inc. - Solex Resources Corp.
04/02/07 - Solex - Exposure to the Hot Commodities of 2007

Related News

10/04/08 - Solex Resources Has A Good Looking Uranium Property In Peru, If Only The Labs Would Hurry Up And Deliver The Assay Results
26/07/07 - Solex Resources Making Good Progress At Macusani Uranium Project

Most Recent Statement

08/06/08 - Solex Resources Corp. Provides Update on Macusani South Project
01/06/08 - Solex Resources Corp. Completes NI 43-101 Technical Report At Princesa
27/05/08 - Solex Resources Corp. Announces Stock Options Grant to Directors and Employees
26/05/08 - Solex Resources Corp Adopts Shareholder Rights Plan
26/05/08 - Solex Resources Corp. Retains Leading Investor Relations Firm
26/03/08 - Solex Confirms New Uranium Mineralization On Its 100% Owned Macusani South Property