Solana Resources Limited ("Solana" or the "the Company") - Colombian Operations Update

CALGARY, Oct. 17 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM:
SORL), the Colombian focused independent oil and gas exploration and
production company, today announces an update on operations. Solana operates
in Colombia through Solana Petroleum Exploration Colombia Limited, Solana's
wholly owned subsidiary.
On October 14, 2005 the Company changed its name from Adulis Resources
Inc. to Solana Resources Limited to reflect the close relationship with the
Company's wholly owned subsidiary, Solana Petroleum Exploration Colombia
Limited.

EXPLORATION UPDATE

Puma Well

On September 30, 2005, the Company announced that the Puma well was being
logged following successful sidetracking and redrilling.
The Puma well was drilled to a final total depth of 12,255 ft and logged.
While operational difficulties have limited the ability of the participants in
the well to obtain all the necessary information to reference the full
hydrocarbon potential of the Caballos and the Villeta, the analysis of the
available data indicates that the well warrants testing. The definition and
approval of the testing program and the mobilization of the necessary
equipment will take time so in order to minimize costs, the participants have
decided to suspend the well in the interim and replace the large and
relatively costly drilling rig with a smaller service rig to conduct drill
stem tests on a number of objectives in the well.
The Puma well is the second well drilled under the terms of a Shared Risk
Contract between Ecopetrol and Ramshorn International ("Ramshorn"). Solana has
a commercial agreement with Ramshorn whereby Solana pays 96% of Ramshorn's
share of the initial well cost to casing point to earn 75% of Ramshorn's
working interest. Since Ramshorn has a 30% working interest in the Puma
project, the net Solana share of any production ultimately obtained from this
block will be 18.75%.

Stephen Newton, President Solana Resources Limited commented:
"We continue to believe in the overall potential of the Puma well despite
the operational difficulties encountered. Within the next two to three months
we hope to have more detailed analysis which will enable us to decide on the
potential commerciality of this well.
Solana has become one of the largest holders of exploration acreage in
Colombia, and as a result, our work program involves drilling 7 exploration
wells on currently held acreage over the next 12 months. We are confident that
Solana is well positioned for future growth."

This release may contain forward looking statements within the meaning of
the "safe harbor" provisions of US laws. These statements are based on
management's current expectations and beliefs and are subject to a number of
risks and uncertainties that could cause actual results to differ materially
from those described in the forward looking statements. Solana does not assume
any obligation to update any forward looking information contained in this
news release.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.