Primavera-1 Positive Test Results

    Solana Resources Limited ("Solana" or the "Company") - Primavera-1 Positive
Test Results

    Guachiria Block - Llanos Basin - Colombia

    CALGARY and LONDON, May 26 /CNW/ - Solana Resources Limited (TSX-V: SOR;
AIM: SORL) is pleased to announce that the Primavera-1 exploration well has
been successfully tested at a pump constrained flow rate of 650 barrels of
40 degrees API oil per day (bopd), gross, from eight feet of perforations.
    Primavera-1 reached a total measured depth of 7,405 feet on March 1,
2008. A completion and cased hole short test program commenced on May 8, 2008
with a Serinco Drilling Ltda. service rig.
    A total of eight feet was perforated, from 6,682 to 6,690 ft, in the
Carbonera C-7 formation. After perforation the well was swabbed and produced a
combination of oil, water and sand. The well was subsequently tested at
various rates using a jet pump over a 15 day period. At the maximum capacity
of the jet pump, over a continuous 24 hour period, an oil rate of 650 bopd
(gross), 365 bopd net of royalty to Solana, was obtained. The well produced
with a stable water cut of approximately 58% during this flow period. Solana
is optimistic that higher oil rates may be achieved with more appropriately
sized pumping equipment. Initial sand production, resulting from the highly
porous, loosely cemented formation, has stopped. Production rates, for both
oil and water, are within Solana's original expectations.
    Production is currently being separated on location and the oil is being
trucked to Ecopetrol's (the State oil and gas company) Araguaney Station just
north of Yopal in the Llanos Basin. Primavera-1 is now shut in for a pressure
build up and is expected to be placed on an extended test in one month.
    The Serinco service rig has been moved and is currently completing and
testing Solana's Palmitas-2 potential light oil discovery on the adjacent
Guachiria Sur block, 12 km from the Primavera-1 well. Completion and testing
operations are expected to take approximately two weeks.
    Solana is the operator and holds a 100% working interest in the Guachiria
and Guachiria Sur blocks. Lewis Energy Colombia holds a 30% beneficial
interest in both blocks. The blocks are subject to fiscally attractive Agencia
Nacional de Hidrocarburos contracts. The Guachiria block is also subject to an
Ecopetrol overriding royalty of 13% that is applied after government
royalties.

    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,
[e-mail], [phone]; Ricardo Montes,
[e-mail], [phone]; Nabarro Wells & Co. Limited
(Nominated Adviser), Robert Lo, [e-mail]; Marc Cramsie,
[e-mail], [phone]; Tristone Capital Limited
(UK Broker), Nick Morgan, [e-mail], [phone];
Pelham Public Relations, Philip Dennis, [e-mail], +44 207
743 6363; James MacFarlane, [e-mail], [phone]
6375
(SORL)

 



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