Dr. Marc-Antoine Audet reports

SAMA RESOURCES REPORTS ON CLOSING OF SRG GRAPHITE'S $8,001,000 MARKETED UNIT OFFERING AND CONCURRENT PRIVATE PLACEMENT OF $2,000,000

SRG Graphite Inc., which Sama Resources Inc. is a significant shareholder of, has closed its marketed public offering 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. In connection with the closing of the offering, SRG issued 5,334,000 units of SRG at a price of $1.50 per unit for gross proceeds of $8,001,000. Each unit comprises one common share of the company and one common share purchase warrant of the company. 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 from today.

In connection with the offering, SRG paid to the underwriters a cash fee of $480,060 and issued 320,040 broker warrants. Each broker warrant entitles the holder thereof to acquire one common share at an exercise price of $1.50 for a period of 12 months from today.

SRG has granted the underwriters an overallotment option to purchase up to an additional 15 per cent of the units sold pursuant to the offering, exercisable in whole or in part at any time, for a period of 30 days from today. The overallotment option may be exercised for units, warrants or a combination thereof.

In addition, SRG has completed its previously announced concurrent non-brokered private placement with Coris Capital SA, pursuant to which Coris subscribed for 1,333,333 units, which were issued on the same terms and conditions as those issued pursuant to the offering. The private placement units are subject to a statutory four-month hold period in accordance with applicable securities laws.

SRG intends to use the proceeds from the offering and the concurrent private placement for advancement of the company's 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.

The TSX Venture Exchange has conditionally approved the offering and the concurrent private placement. Listing of common shares and warrant shares will be subject to the fulfilment by SRG of the customary listing conditions of the TSX-V. The offering was made pursuant to a short form prospectus dated May 11, 2018, filed in each of the provinces of Canada and available on SEDAR.

About Sama Resources Inc.

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

We seek Safe Harbor.