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| |    Recent Press Releases:
Introduction: The Pilunani project was Solex's flagship property when the company first listed on the TSX Venture Exchange in 2005. The property has a long history of exploration and exhibits indications of hosting near-surface "manto-type" zinc-lead mineralization. Size/Location: The Pilunani property is 1,000 hectares in size and lies in the district of Putina, Province of Azangaro, Department of Puno, southeastern Peru. The property is accessible via paved road from the city of Juliaca (1 ½ hour flight from Lima), located approx. 110 km south (3.5 hours drive) to the town of Azangaro, then along gravel roads. Access to supplies, accommodations and transportation are available from local communities near the property. Ownership: The property is 100% owned and is not subject to any royalties, back-in payments or other agreements. History: The Pilunani property was explored by the Banco Minero del Peru and other government agencies from 1972 to 1996. South American Goldfields owned the property up to the year 2000 and its Peruvian subsidiary, Minera Penshaw S.A., carried out an extensive surface exploration program on the property. This exploration program work involved five 100-meter trenches spaced 25 meters apart and a 1-square-kilometer soil grid sampled at 25-meter stations. This soil survey outlined an extensive zinc and lead anomaly. Geology/Mineralization: The geology of the Pilunani project is a complex of folded and faulted marine sediments including fossiliferous limestone and lesser sandstone and siltstone of the Pennsylvanian Tarma Formation. Mineralization fits a stratabound manto-style zinc-lead-silver model that is epigenetic and hosted in strongly folded, faulted, and fractured fossiliferous limestones, and within the overlying fluvial limestone breccias. Exploration: In April, 2006, an initial nine-hole diamond drill program to vertical depths of up to 44.6 metres was completed to establish the depth and lateral extent of the mineralization. These confirmed the presence of an on-surface, laterally extensive horizon of high-grade, "manto-type" zinc-lead mineralization, previously identified on the surface by trenching. As evidenced by mapping and geochemical sampling, the mineralized horizon seems to extend towards the west, northwest, north and northeast. Further fence drilling, consisting of eight holes, was conducted in 2007 toward the north and northwest to test the true length, width and depth of the anomaly. Results from the program extended the strike length of the anomaly to over 900 metres with the mineralized horizon identified over a thickness of 50 metres and up to 50 metres down dip. Mineralization also remained open to the northwest and to depth. With these encouraging results to date, the company is currently preparing for joint venture discussions with potential partners that can bring additional resources and expertise to advance the project to the next level. A comprehensive technical report is to be completed by Q2/2008 at which time full joint venture discussions will commence. Technical Reports: Click here to view Report (PDF 14.12MB)
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