Dr. Marc-Antoine Audet reports

SAMA RESOURCES REPORTS ON SRGA'S $8,001,000 MARKETED UNIT OFFERING AND CONCURRENT PRIVATE PLACEMENT OF UP TO $2,000,000

SRG Graphite Inc., which Sama Resources Inc. is a significant shareholder of, has entered into an underwriting agreement with a syndicate of underwriters in connection with its marketed public offering. The underwriting agreement provides for the purchase and sale of 5,334,000 units of SRG at a price of $1.50 per unit for gross proceeds of $8,001,000. Each unit will comprise one common share of SRG and one common share purchase warrant of SRG. Each warrant will entitle the holder thereof to acquire one additional common share at an exercise price of $2.30 per common share at any time for a period of 12 months following the closing date of the offering. Sama holds a control position in SRG of 24,658,267 shares representing 40.09 per cent of the issued and outstanding shares of SRG, and is considered an insider for reporting purposes.

The offering is being conducted through a syndicate of underwriters co-led by National Bank Financial Inc. and TD Securities Inc., and including Macquarie Capital Markets Canada Ltd., Beacon Securities Ltd., and Clarksons Platou Securities AS.

SRG has granted the underwriters an overallotment option to purchase up to a number of additional units and/or warrants equal to 15 per cent of the units sold pursuant to the offering, exercisable in whole or in part at any time up to 30 days after and including the closing date of the offering, which may be exercised for units, warrants, or a combination thereof.

In addition, SRG intends to complete a concurrent non-brokered private placement with Coris Capital SA. Coris has a pre-emptive right to maintain its pro rata ownership of SRG in connection with the offering and has confirmed its intention to SRG to exercise such right by way of a non-brokered private placement of units, up to a maximum of 1,333,333 private placement units. The units issuable pursuant to the concurrent private placement will be on the same terms and conditions as those issuable pursuant to the offering. The units issuable pursuant to the concurrent private placement will be subject to a statutory four-month hold period in accordance with applicable securities laws. The closing of the offering will be conditional upon the closing of the concurrent private placement.

SRG intends to use the proceeds from the offering and concurrent private placement for advancement of the Lola graphite project, including, in the near term, to further regional exploration and infill resource drilling and to progress toward a feasibility study; for continued exploration of its Gogota cobalt-nickel-scandium project; and for general working capital purposes.

SRG will file an amended and restated preliminary short-form prospectus containing important information relating to the offering in each of the provinces of Canada. The amended preliminary prospectus will be available on SEDAR.

The offering and concurrent private placement are expected to close on or about May 18, 2018, and are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The closing of the offering will be conditional upon the closing of the concurrent private placement.

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa.

We seek Safe Harbor.