Drilling Report

    Solana Resources Limited ("Solana" or the "Company") - Costayaco-3 Successful
Test Results

    CALGARY and LONDON, April 16 /CNW/ - Solana Resources Limited (TSX-V:
SOR; AIM: SORL) is pleased to announce that the Costayaco-3 step out well has
been successfully tested at a maximum flow rate of 2,543 barrels of oil per
day (bopd) from 106 feet of perforations.
    Solana holds a 50% working interest in the Costayaco Field that was
discovered in 2007 and which is located in the Chaza Block, Putumayo Basin,
Colombia. Gran Tierra Energy Inc., the operator, holds the remaining 50%
interest.

    Costayaco-3

    On April 6, 2008, Solana completed initial testing operations on
Costayaco-3, the third well drilled in the Costayaco field. The well had
drilled through the same sequences encountered in Costayaco-1 and -2, reaching
a total depth of 8,620 feet on February 20, 2008. Log interpretations from
data acquired during drilling indicate potential oil pay in the Caballos and
Villeta T Formations and in the poorly developed Rumiyaco Kg and Villeta U
Formations. A drill-stem test (DST) and flow-test (FT) program was performed
to evaluate the Caballos Formation and the Villeta T Formation, the two
primary reservoirs in the Costayaco Field.

    DST-1: (8514 - 8428 and 8533 - 8537 feet; 18 feet of perforations)
recovered 325 barrels of water through swabbing from the Lower Caballos.

    DST-2: (8490 - 8502 feet; 12 feet of perforations) recovered 159 barrels
of water through swabbing from the Lower Caballos.

    DST-3: (8470 - 8480 feet: 10 feet of perforations) recovered 141 barrels
of oil with no water through swabbing over a 25.5 hour period.

    FT-1: (8242 - 8264, 8270 - 8282, 8295 - 8305 feet; 44 feet of
perforations in the Villeta T, and 8376 - 8386, 8392 - 8404, 8406 - 8424, 8436
- 8458 feet; 62 feet of perforations in the Upper Caballos Formation) flowed
at a combined maximum rate of 2,543 bopd of 30 degrees API oil with only
traces of water. At the end of the 36 hour test the flow rate was still
increasing.

    The results of this testing programme indicate an oil-water contact (OWC)
below 8,486 feet in the Lower Caballos Formation. This is the first definitive
identification of an OWC in the Costayaco field. This data will allow for a
more definitive calculation of the reserves in the Caballos Formation. No
evidence of an OWC has been identified in the Villeta T. Final completion
operations are currently underway in preparation for long term testing of
Costayaco-3.

    Costayaco-4

    Drilling operations are continuing at Costayaco-4. This deviated well is
being drilled from the Costayaco-2 surface location targeting a down hole
location some 540 meters to the north. Cores are planned for the main
reservoirs and drilling is expected to be completed in late May.
    Wells Costayaco-5 through -7 are budgeted for the remainder of 2008.

    Pipeline Status, Putumayo Basin

    Construction of the eight inch, 10 kilometre pipeline, tying Costayaco-1
into Uchupayaco, is expected to begin in mid-April and be completed in
mid-July. This production line will replace the current trucking operations.
    Work is underway to reduce existing infrastructure production constraints
beyond Uchupayaco. It is currently anticipated that 6,000 to 9,000 bopd
(gross) could be accommodated during the second half of 2008. A second stage
of infrastructure expansion, to accommodate the anticipated increase in
production from the continuing Costayaco drilling program, is currently being
evaluated.

    Mr. Glenn Van Doorne, Chief Operating Officer of Solana, a Petroleum
Geologist, is the qualified person who has reviewed the technical information
contained in this news release.

    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: Solana Resources Limited, Scott Price, Ricardo
Montes, jsp(at)solanaresources.com, rmontes(at)solanacolombia.com, (403)
770-1822, [phone]; Nabarro Wells & Co. Limited (Nominated Adviser),
Robert Lo, Marc Cramsie, RobertLo(at)nabarro-wells.co.uk,
MarcCramsie(at)nabarro-wells.co.uk, [phone]; Tristone Capital Limited
(UK Broker), Nick Morgan, nmorgan(at)tristonecapital.com, [phone];
Pelham Public Relations, Philip Dennis, James MacFarlane,
philip.dennis(at)pelhampr.com, james.macfarlane(at)pelhampr.com, [phone]
6363, [phone]
(SORL)



END