Solana Resources Limited ("Solana" or the "Company") - Catguas Block - Catatumbo Basin



    CALGARY and LONDON, March 5 /CNW/ - Solana Resources Limited (TSX-V: SOR;
AIM: SORL) announces a temporary suspension of testing activities at Solana's
Tres Curvas-1 well, located in the Catguas Block, Catatumbo Basin, in response
to increased security incidents in this area. A revised security protocol is
being instituted in cooperation with the Government of Colombia and should
allow testing to recommence in a few weeks. Solana's 2008 Catguas Block plans,
including the drilling of two exploration wells and the acquisition of 50
km(2) of 3D seismic data and 132 line-km of 2D data, have not changed. The
increased security protocol will impact the costs and timing of these
activities.
    The highly prospective 1,591 km(2) Catguas Block borders Venezuela and is
immediately west of the 255 million barrel Tibu field. In view of the superior
exploration potential of this block, Solana is committed to executing the 2008
work program which contemplates activity in excess of minimum contractual
commitments.
    Solana is the operator of the Catguas Block with a 100% working interest.
Trayectoria Oil and Gas, Sucursal Colombia holds a 15% beneficial interest in
70% of the block and a 50% beneficial interest in the remainder.

    Forward Looking Statements

    Certain information regarding the Company, including management's
assessment of future plans and operations, may constitute forward-looking
statements under applicable securities law and necessarily involve risks
associated with oil and gas exploration, production, marketing and
transportation such as loss of market, volatility of prices, currency
fluctuations, imprecision of reserve estimates, mechanical problems, equipment
limitations, environmental risks, competition from other producers and ability
to access sufficient capital from internal and external sources; as a
consequence, actual results may differ materially from those anticipated.

    Solana Resources Limited

    Solana (www.solanaresources.com) is an international resource company
engaged in the acquisition, exploration, development and production of oil and
natural gas. The Company's properties are located in Colombia, South America
and are held through its wholly owned subsidiary, Solana Petroleum Exploration
(Colombia) Limited. The Company is headquartered in Calgary, Alberta, Canada.

    NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS
    RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
    ADEQUACY OR ACCURACY OF THIS RELEASE





For further information:

For further information: Solana Resources Limited, Scott Price, Ricardo
Montes, jsp@solanaresources.com, rmontes@solanacolombia.com, (403) 770-1822,
(403) 668-6604; Nabarro Wells & Co. Limited (Nominated Adviser), Robert Lo,
Marc Cramsie, RobertLo@nabarro-wells.co.uk, MarcCramsie@nabarro-wells.co.uk,
+44 20 7710 7400; Tristone Capital Limited (UK Broker), Nick Morgan,
nmorgan@tristonecapital.com, +44 207 355 5800; Pelham Public Relations,
Charles Vivian, Philip Dennis, charles.vivian@pelhampr.com,
philip.dennis@pelhampr.com, +44 207 743 6672, +44 207 743 6363

Organization Profile

SOLANA RESOURCES LIMITED

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