Dr. Marc-Antoine Audet reports

SAMA RESOURCES ANNOUNCES ACCELERATION OF EXPIRY OF WARRANTS

Sama Resources Inc. has elected to accelerate the expiry date of the warrants issued as part of its private placement unit offering announced on April 7, 2017. The warrants currently expire on April 19, 2022, and April 25, 2022.

Pursuant to the terms of the private placement, if the closing price of the company's shares on the TSX Venture Exchange is 30 cents per share or greater for 20 consecutive trading days, the company is entitled to accelerate the expiry date of the warrants to a date 30 days from the date notice of such acceleration is provided to holders of warrants. The company has elected to provide notice of such acceleration to the holders of warrants.

This press release constitutes notice to warrant holders of the new expiry time. Any warrants remaining unexercised after the new expiry time will be cancelled.

Effective today, the warrants issued to the purchasers pursuant to the private placement are set to expire at 4:30 p.m. Vancouver time on Dec. 29, 2017. To date a total of 2,821,666 warrants and 12,000 brokers' warrants have been exercised for total proceeds of $566,733. Although it is unknown how many warrants will be exercised, if all of the warrants are exercised, the company will receive additional proceeds of $3,600,009 and a total of 18,000,048 additional common shares of the company will be issued. If all brokers' warrants issued in connection with the private placement are exercised, the company will receive additional proceeds of $123,688 and a total of 618,440 additional common shares of the company will be issued.

How to exercise warrants

Warrant holders who wish to exercise their warrants should instruct their investment adviser and be prepared to provide payment to their adviser firm equal to the exercise price for each warrant exercised. Investors should consult with their investment adviser to confirm the time required to complete this process and other costs associated with the exercise, if any.

Warrant holders who hold a physical certificate wishing to exercise warrants need to provide to the company before Dec. 29, 2017, a certified cheque, bank draft or money order payable to Sama Resources together with the warrant certificate with the exercise appended to the certificate duly completed.

Stock options granted

The company is pleased to announce that, pursuant to its stock option plan and subject to regulatory acceptance, it has granted an aggregate total of 660,000 incentive stock options to certain officers, employees and consultants of the company, subject to certain vesting provisions. These options will be exercisable at a price of 29 cents per common share and will expire on Nov. 28, 2027.

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 Ivory Coast, West Africa.

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