2009-08-18-2008-01-01

To acquire 50% interest in Garibay Block in Llanos Basin, responsible for 100% of costs of third-phase exploration well.

Cepsa Colombia SA, a subsidiary of Spanish diversified-energy company Compania Espanola de Petroleos SA, plans to acquire a 50% interest in the Garibay Block in the Llanos Basin in Colombia from Solana Resources Ltd., Calgary, (Toronto: SOR; London AIM: SORL) for an undisclosed price. Solana and Cepsa will each hold a 50% participating interest in Garibay. As part of the farm-out, Cepsa will be responsible for 100% of costs of a third-phase exploration well that must be drilled by October 2008. Cepsa is the operator of a neighboring block and will be operator of Garibay. This farm-out allows Solana to concentrate on the five contiguous blocks it operates in the eastern portion of the Llanos Basin (Guachiria, Guachiria Norte, Guachiria Sur, Colona and San Pablo) and the Catguas Block in the Catatumbo Basin.