Solana Resources Limited ("Solana" or the "Company") - Special Shareholders Meeting and AIM Listing Cancellation



    CALGARY and LONDON, Oct. 22 /CNW/ - Solana Resources Limited (TSX-V: SOR;
AIM: SORL), is pleased to announce that its special meeting of shareholders to
approve an arrangement involving Solana, Gran Tierra Energy Inc., Gran Tierra
Exchangeco Inc. and the holders of the Solana securities, all as more
particularly described in the joint information circular and proxy statement
for the meeting dated October 10, 2008 (the "Joint Proxy Statement"), is being
held at 8:00 a.m. (Calgary time) on November 14, 2008 (with a record date of
September 25, 2008) at The Westin Hotel, 320 4th Avenue S.W., Calgary,
Alberta, Canada. The Joint Proxy Statement was filed via SEDAR on October 15,
2008, and was mailed to all shareholders on October 20, 2008. Copies of the
materials as mailed to shareholders can be found under the Company Profile for
Solana Resources Limited at www.SEDAR.com.
    Solana further announces that, pursuant to the agreement providing for
the business combination of Gran Tierra Energy Inc. and Solana announced on
July 29, 2008, the Company intends to apply for suspension of Solana common
shares from trading on AIM with effect from 7:00 am (London time) on November
17, 2008, the first business day after the shareholder meetings to approve the
transaction have been convened, and intends to cancel the admission of Solana
common shares on AIM with effect from no later than 7:00 am (London time) on
November 18, 2008.

    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: Enquiries: Solana Resources Limited: Scott
Price, jsp@solanaresources.com, (403) 770-1822; Ricardo Montes,
rmontes@solanaresources.com, (403) 770-1822; Nabarro Wells & Co. Limited
(Nominated Adviser): Marc Cramsie, marc.cramsie@ambrian.com, +44 20 7634 4705;
Tristone Capital Limited (UK Broker): Nick Morgan,
nmorgan@tristonecapital.com, +44 207 355 5800; Pelham Public Relations: Philip
Dennis, philip.dennis@pelhampr.com, +44 207 743 6363; James MacFarlane,
james.macfarlane@pelhampr.com, +44 207 743 6375

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SOLANA RESOURCES LIMITED

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