SAMEX Prepares Drilling Program at El Gringo Copper and Gold Prospect-Los Zorros, Chile

SAMEX Mining Corp. (TSX VENTURE:SXG)(OTCQB:SMXMF) is ready to advance
exploration efforts at its 100%-owned Los Zorros project in Chile. The Company
is hereby outlining parameters for an upcoming drill program at El Gringo, a
copper and gold prospect located within the approximately 80 square kilometer
land holdings of Los Zorros. Numerous surface mine workings are found throughout
this prospect where copper and gold are believed to have been extracted by
artisanal workers in the late 1900's. El Gringo has not been systematically
explored or drilled by any prior geological team to date.


SAMEX proposes drilling an initial 5 boreholes (570 meters) to evaluate
primarily copper and gold potential throughout El Gringo, as shown on the
accompanying graphic plates at www.samex.com. The central coordinates of El
Gringo are N 6907000 and E 359716, with heights ranging between 900 and 1000
meters above sea level (Figure No 1).


This drilling campaign will explore this area which is highly structurally
controlled, where at least two episodes of alteration and mineralization have
been identified. One is defined by manto-type mineralization containing copper
and gold, while the other is comprised of feeders associated with copper and
gold breccias (Figure No 2). The entire area is underlain by a thick sequence of
volcanoclastics associated with lava flows, limestone, siltstones, quartzite and
calcareous rocks. Below this mentioned sequence, dioritic granodiorite
intrusives of the Upper Cretaceous age are found. Feeders are abundant in an
average direction of 320 degrees azimuth.


The El Gringo mineralized area is part of a hydrothermal system, differing from
copper porphyries but of close association. The target model is a combination of
manto-type mineralization associated with exoskarns and abundant epithermal
feeders. This mineralization appears to extend for over 400 meters in width and
at least 800 meters in length, while the bulky mineralization is approximately
of 360-330 degrees azimuth dipping slightly 15 degrees SE. Abundant copper
oxides, specularite, gold, garnets, chlorite, high silicification, carbonates,
Fe oxides, wollastonite and manganese have all been found throughout fractures
disseminated along wall rocks of the feeder.


This drill program involves a preliminary 5 diamond drill holes with an average
depth of 114 meters for a total of 570 meters (Figure No 3 & Table 1). In the
event that meaningful visible mineralization is encountered, drilling will
continue to greater depths in order to assist in quantifying tonnage potential.


Bulldozer work is currently in progress to construct access roads and drill pads
in preparation for drilling at El Gringo, which is expected to commence shortly.
SAMEX anticipates further updates on this program in the near future.


Table 1: El Gringo DDH Drill Program



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                                     Altitude   Azimuth       Dip          
DDH Drill       Northing    Easting       (m) (degrees) (degrees) Depth (m)
---------------------------------------------------------------------------
EG-13-001        6907165     359999      1000        90         0       120
---------------------------------------------------------------------------
EG-13-002        6907339     360092       930       260       80W        80
---------------------------------------------------------------------------
EG-13-003        6907067     360037      1000       280       70W       150
---------------------------------------------------------------------------
EG-13-004        6907042     359698      1008       255       80W        80
---------------------------------------------------------------------------
EG-13-005        6906958     359779      1002       277       60W       140
---------------------------------------------------------------------------



Juan Carlos Toro Taylor, M.Sc. Economic Geology, Chief Geologist of SAMEX Mining
Corp., is acting as Qualified Person in compliance with National Instrument
43-101 with respect to this release. He has reviewed the contents for accuracy.


This News Release includes certain "forward looking statements". Without
limitation, statements regarding potential mineralization and resources,
exploration results, future prospects of the Company, and future plans and
objectives of the Company are forward-looking statements that involve various
risks. Actual results could differ materially from those projected as a result
of the following factors, among others: risks inherent in mineral exploration
and grade of ore mined; risks associated with development, construction and
mining operations; the uncertainty of future profitability and uncertainty of
access to additional capital. Except as may be required by law, SAMEX undertakes
no obligation to revise or update any forward-looking information as a result of
new information, future events, or otherwise after the date hereof.





FOR FURTHER INFORMATION PLEASE CONTACT: 
SAMEX Mining Corp.
Sasan Sadeghpour
Director, Chairman & Interim Chief Executive Officer
(713) 956-5200, extension 102
2samex@samex.com
www.samex.com
Samex Mining Corp. (TSXV:SXG)
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