Change to Board of Directors and Grant of Options

    Solana Resources Limited ("Solana" or the "Company") - Change to Board of
Directors and Grant of Options

    CALGARY and LONDON, May 30 /CNW/ - Solana Resources Limited (TSX-V: SOR;
AIM: SORL) is pleased to announce the election of a new member to its Board of
Directors. Mr. Luis Miguel Morelli was elected as a Non-Executive Director to
Solana's Board of Directors at the Company's Annual General and Special
Meeting of Shareholders on May 7, 2008. In addition, Mr. Stan Grad did not
stand for re-election as a Director at the meeting. The Company wishes to
thank Mr. Grad for his past service and the contributions he has made to
Solana over the years. Solana's Board of Directors is now comprised of Ray
Antony, Grant Howard, Roy Hudson, Scott Price, Keith Jackson and Luis Miguel
Morelli.
    Mr. Morelli is an independent businessman. He was the Governor of the
department (province) of Norte de Santander in the Republic of Colombia from
2004 to 2008. Prior to that, he spent 15 years with Occidental Petroleum's
Colombian affiliate, Occidental de Colombia, in legal, environmental and
external affairs.
    In connection with his appointment, Mr. Morelli has been granted stock
options to purchase 200,000 common shares at a price of $4.13 per share for a
period of five years and vest on a 1/3 basis on each of the date of grant and
the first and second year anniversaries of the date of grant. The stock option
grant is subject to regulatory approval. Solana has determined that exemptions
from the various requirements of TSX Venture Exchange Policy 5.9 are available
for the grant of stock options to Mr. Morelli. The Corporation has further
determined that an exemption from the various requirements of Ontario
Securities Commission Rule 61-501 is available as the fair market value of the
grant of options is less than 25% of the market capitalization of the
Corporation.

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



END

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