Solaia Ventures Strikes Oil and Gas On South Maysville Well No. 1.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 1, 2001

First Target Zone Exceeds Original Projected Estimates

Solaia Ventures Inc. (the "Company", CDNX:"SAV"), a knowledge based oil and gas exploration company, is pleased to announce that Ranken Energy, the operating partner on the South Maysville Well (Timmons Well no. 1-33), advises that an oil zone discovery has been made in the 1st Bromide Sand after a successful Drillstem test at approximately 6,850 feet. Testing on the zone recovered 720 feet of clean gassy oil in the drillpipe after exhibiting gas to surface in approximately 8 minutes. The crude oil is of high quality, 38 degrees. The bottom hole pressure appears to be virgin at 2100 PSI. Anticipated daily production from this zone is 75 - 150 BOPD and 100 - 250 MCFGPD.

This 1st Bromide Sand target is the first of two targets planned for the South Maysville Well. Drilling operations will continue beyond this first target, towards the 2nd Bromide Sand zone at 6,900 feet, which is the primary target for the South Maysville Well. Barring any unforeseen problems, this primary target will be reached and if necessary also Drillstem tested within the next 24 hours. It is anticipated that this second zone will also be productive of both oil and gas.

About South Maysville Prospect

The South Maysville Prospect is one of three oil and gas prospects located in Oklahoma and collectively known as the Garvin County Drilling Program. The South Maysville Prospect is situated on the Southwest flank of a large broad Northwest plunging anticlinorium in the Pauls Valley Uplift geological province. Many small to medium size anticlinal and fault bound traps in this province have been developed to produce prolific amounts of Simpson oil. It is common for the Simpson 2nd Bromide sand, which is the primary objective of the Maysville prospect, to produce in excess of 500 barrels of oil per acre-foot. Further, the Simpson 1st Bromide sands also primary objectives, commonly produce in excess of 300 barrels of oil per acre-foot. The other two of the three prospects in the Garvin County drilling program are known as East Brady Creek and North Sandy Creek. The Company owns a 5% working interest in all three Oklahoma prospects.

About Solaia Ventures Inc.

Solaia Ventures Inc. is a knowledge based oil and gas exploration company focused on the discovery and development of rich oil and gas projects throughout North America. For more information on the company or to receive the Company's Daily Drill Report on all current drilling programs via email, visit www.solaiaventures.com or contact Todd Hanas, investor relations, at 1-888-702-4478.

On behalf of the Board of Directors

"Arndt Roehlig"

Director

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