Dr. Marc-Antoine Audet reports

SAMA ANNOUNCES THE GRANT OF THE NEW SAMAPLEU EXPLORATION PERMITS TOGETHER WITH THE HIGHLY PROSPECTIVE ZOUPLEU LICENSE

Sama Resources Inc.'s former Samapleu exploration permit (Permit de Recherche (PR)) which expired in June, 2018, has been replaced by two new PRs called Samapleu East (PR 839) and Samapleu West (PR 840). Both PRs cover approximately 318 square kilometres.

Sama has also obtained a new PR called Zoupleu contiguous to the aforementioned Samapleu PRs to expand its exploration activities for base metals with an additional 135 square kilometres. The Zoupleu permit was acquired through the 100-per-cent Sama-owned subsidiary Societe Miniere du Tonkpi (SMT).

These three newly acquired PRs are valid for a first period of four years with possible renewal periods totalling up to 12 years. Two other PR applications remain in progress with the Department of Mines in Cote d'Ivoire.

These new PRs bring the total land package to 832 square kilometres in Cote d'Ivoire, West Africa.

Sama land package

Samapleu permits

On Jan. 15, 2009, Sama entered into a syndicate agreement with Sodemi, a parastatal organization, whereby Sama will explore for base metals within the former Samapleu permit No. 123 encompassing approximately 446 square kilometres and held by Sodemi. The same syndicate agreement will apply to the two new Samapleu East and Samapleu West permits.

The Zoupleu permit is 100 per cent owned by Societe maniere du Tonkpi SARL, a fully owned subsidiary of the company. The Zoupleu permit is located adjacent to both of the new Samapleu permits. Sama believes that ultramafic sequences of the recently outlined large Yacouba layered complex which hosts the Yepleu and Samapleu nickel-copper-palladium deposits and occurrences, are extending within the Zoupleu permit and, as such, represent a prime target for nickel-copper-palladium mineralization.

In May and June, 2019, the company proceeded with Typhoon electromagnetic geophysical surveys at the Yepleu area, within the Zeregouine permit. The heavy rain season together with frequent thunder storms has considerably impacted progress. Despite these unavoidable delays, the phase 2 Typhoon program will continue during the fall of 2019 covering areas at Yepleu, Grata and Samapleu.

Sama has also entered into a convertible debt agreement with SRG Mining Inc. whereby Sama makes available to SRG a credit facility of up to $5-million (U.S.), bearing a 10-per-cent-per-annum interest rate which will be repayable in 12 months in cash or shares with a conversion price of 91 cents per SRG share at the election of Sama, as well as a bridge loan of $1-million, bearing a 10 per cent per annum interest rate and repayable in 12 months.

In relation to the debt agreement, SRG is relying on the exemptions set forth in Sections 5.5(b) and 5.7(1)(a) of Regulation 61-101, Protection of Minority Security Holders in Special Transactions.

The debt agreement remains subject to the approval of the TSX Venture Exchange.

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa. On Oct. 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Cote d'Ivoire nickel-copper and cobalt project in Cote d'Ivoire, West Africa.

The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, PGeo, and president and chief executive officer of Sama, and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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