CALGARY, Dec. 7 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL), (formerly Adulis Resources Inc.), the Colombian focused independent oil and gas exploration and production company, is pleased to announce that it has graduated to Tier 1 of the TSX Venture Exchange effective Wednesday, December 7, 2005. Solana also announces that it has entered into a drilling services agreement with a local Colombian company pursuant to which it has secured the rights to drilling services during the two year period ending November 2007. Under this agreement, Solana has prepaid for drilling services, an amount of US $1.5 million, and also acquired the right to purchase a 50% interest in the service provider's equipment during the period ending April 11, 2006. Solana anticipates that this agreement will facilitate the Company complying with all of its drilling obligations for the calendar years of 2006 and 2007. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.