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

The Company completed a 32-hole drill program at their Calvario II near-surface uranium target. This drill program formed part of a 24,000-metre program that was conducted in 2007 to test an initial seven targets on the extensive Macusani uranium project in southern Peru.

Solex also completed an NI 43-101 compliant report on the Company's Princesa lead, zinc and silver project in south eastern Peru. The report identified an Inferred Mineral Resource of 4.6 million tonnes grading 90.88 g/t silver, 1.66% lead and 1.69% zinc. The report also concludes that the project has significant potential to increase these resources as the main vein is open both on strike and at depth, and no provision has been allowed for the potential discovery of other mineralised structures on the property.

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 V7Y 1G5 Telephone: (604) 646-7210 Facsimile: (604) 688-8552 Email: info[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

14/08/08 - Solex Resources Corp. Announces Delivery Of Metallurgical Test Facility
12/08/08 - Solex Resources Corp. Announces Drilling On Macusani South Project Underway
16/07/08 - Solex Resources Corp. Announces Eldorado Gold as New Operator and JV Partner in Macusani East Joint Venture
11/07/08 - Solex Resources Corp. Confirms Granting Of Drill Permit On Macusani South
13/06/08 - Solex Resources Signs Agreement For Bulk Metallurgical Test At Macusani South Project
08/06/08 - Solex Resources Corp. Provides Update on Macusani South Project