Southern Andes Energy Inc.

Published : August 14th, 2008

Solex Resources Corp. announces delivery of metallurgical test facility

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Keywords :   Lead | Peru | Silver | Uranium | Zinc |

Solex Resources Corp. announces delivery of metallurgical test facility

    VANCOUVER, Aug. 14 - Solex Resources Corp. (TSX-V: SOX) ("Solex" or
the "Company") today announced that the metallurgical test facility,
previously announced on June 13, 2008, has arrived at its operating site in
Peru.
    The facility designed, built and to be operated by SGS Minerals
Metallurgical group, will test five tonnes of samples recovered on the
Company's wholly owned Macusani South project in the Macusani Uranium District
of Southern Peru. The first samples will be delivered this week to the
facility for sample preparation, assaying and loading. The objective of this
program is to demonstrate the viability of recovering uranium using a simple,
low cost, leach circuit.
    "With our drill program underway and the test facility in place, we
remain on track to deliver metallurgical data by the end of this year," said
Jonathan Challis, President and CEO of Solex Resources.
    The Macusani South Project is the most accessible of the Company's
100%-owned projects covering 4,700 hectares. The mineralisation is hosted by
ignimbrites of the Upper Yapamayo Member of the Quenamari Formation. Extensive
surface work on the property including a ground radiometric survey with line
spacing of 100 metres (and in specific areas, 50 metres) was completed by Val
d'Or Geophysica, complemented by extensive handheld scintilometer readings and
a widespread systematic and grid based trenching and pitting programme. A
total of 377 geochemical samples were taken with a maximum reported value of
0.272% U3O8. The identified uranium minerals include autunite, torbenite and
meta-autunite.

    About SGS Minerals

    SGS Minerals Services, part of the SGS Group, a global leader and
innovator in inspection, verification, testing and certification services.
Founded in 1878, SGS is recognised as the global metallurgical, analytical,
mineralogical and environmental technical expertise SGS Minerals is the global
leader in testing, consulting and on-site services for the mining and minerals
sector. benchmark in quality and integrity. With more than 50,000 employees,
SGS operates a network of over 1,000 offices and laboratories around the
world.

    About Solex Resources Corp.

    Solex Resources Corp. is the dominant landholder in southern Peru's
Macusani Uranium District with concessions covering over 904 km(2). In excess
of $11 million in exploration has been completed on the Company's Macusani
East joint ventured uranium project. The Company is also aggressively
exploring its three 100% owned Macusani uranium projects. A NI 43-101 report
has recently been filed on the Princesa silver, lead and zinc property and
further field work has been completed on the Pilunani lead and zinc project
with a report due in August.

    <<
    The TSX Venture Exchange (the "Exchange") has not reviewed and does not
    accept responsibility for the accuracy or adequacy of this news release.
    The Exchange has in no way passed upon the merits of the proposed
    transaction and has neither approved nor disapproved the contents of this
    press release.
    >>

    This news release may contain forward-looking statements that are based
on Solex's expectations, estimates and projections regarding its business and
the economic environment in which it operates. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and results may
differ materially from those expressed in these forward-looking statements and
readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the
occurrence of future events or circumstances, unless otherwise required to do
so by law.



For further information: Deborah Thiel, V.P., Corporate Development,
Cell: (604) 512-9691, Toll Free: (877) 646-4488, Email:
dthiel@solexresources.com, Website: www.solexresources.com


To update your contact information

Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Southern Andes Energy Inc.

EXPLORATION STAGE
CODE : SUR.V
ISIN : CA8421991016
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Southern Andes is a silver and lead exploration company based in Canada.

Southern Andes holds various exploration projects in Peru.

Its main exploration properties are MACUSANI WEST, PICOTANI, PILUNANI, CULLQUIMAYO, MACUSANI SOUTH, MACUSANI EAST, PRINCESA and ACCOCUCHO SUR in Peru.

Southern Andes is listed in Canada. Its market capitalisation is CA$ 11.5 millions as of today (US$ 9.3 millions, € 7.7 millions).

Its stock quote reached its highest recent level on February 09, 2007 at CA$ 4.80, and its lowest recent point on May 22, 2020 at CA$ 0.01.

Southern Andes has 74 468 000 shares outstanding.

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Annual reports of Southern Andes Energy Inc.
2007 Annual report
Financings of Southern Andes Energy Inc.
3/16/2010announces closing of private placement
9/22/2009Withdraws Private Placement Offering
8/20/2009Further Extension to Non-brokered Private Placement Closing
7/21/2009 Further Extension to Non-Brokered Private Placement Closing
7/6/2009Announces Extension of Non-Brokered Private Placement
6/22/2009Announces Non-Brokered Private Placement
Option Grants of Southern Andes Energy Inc.
3/1/2011Grant of 2,175,000 Stock Options
9/28/2009 Granting of Options
5/28/2008Announces stock options grant to directors and employees
Project news of Southern Andes Energy Inc.
1/12/2011(Macusani South)New Uranium Discovery at Alpi-1 Project in Peru
5/15/2009(Macusani East)Receives Very Positive Metallurgical Test Results From Large...
3/2/2009(Macusani East)Signs Letter of Intent with Eldorado Gold
11/17/2008(Macusani East)Reports Complete Drill Results at the Sayana Central Target,...
11/13/2008(Macusani South)completes initial drilling program and continues metallurgic...
8/14/2008(Macusani South)Solex Resources Corp. announces delivery of metallurgical te...
8/12/2008(Macusani South)Solex Resources Corp. announces drilling on Macusani South P...
6/2/2008Completes NI 43-101 Technical Report at Princesa
2/25/2008(Macusani East)Frontier Pacific & Solex Joint Venture Reports Drill Results...
1/14/2008(Macusani East) and Frontier Pacific Confirm Earn-In and Proposes 2008 Expl...
Corporate news of Southern Andes Energy Inc.
6/1/2011and Ansue Capital Corp. Announce the Closing of the Ansue Ca...
5/20/2011and Ansue Capital Corp. Announce That Southern Andes Energy ...
4/14/2011and Ansue Capital Corp.
4/28/2010shareholders approve Homeland Uranium asset acquisition
3/2/2010Announces Proposed Transaction to Acquire Cash and Shares Fr...
10/15/2009$100 million Equity Financing By Subsidiary Orion Oil & Gas ...
7/16/2009Completes Previously Announced Transaction with Eldorado Gol...
5/26/2009Finalises Agreement With Eldorado Gold Corporation to Acquir...
3/2/2009Correction: Solex Resources Signs Letter of Intent with Eldo...
12/12/2008Reports Complete Drill Results at the Puncopata Prospect, In...
9/11/2008receives Macusani East project data from Eldorado Gold Corpo...
5/27/2008adopts shareholder rights plan
5/27/2008retains leading investor relations firm
3/27/2008Confirms New Uranium Mineralization on Its 100% Owned Macusa...
12/12/2007 Provides Exploration Update on Wholly Owned Uranium Project...
11/19/2007 Responds to Dissident Circular
4/23/2007Resources Corp. Change Of Address
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