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Sama Resources Inc
Symbol SME
Shares Issued 188,426,410
Close 2018-08-09 C$ 0.30
Market Cap C$ 56,527,923
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Sama interest SRG approves new corporate structure

2018-08-09 14:40 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA RESOURCES REPORTS ON SRG S APPOINTMENT OF NEW OFFICERS AND GRANT OF STOCK OPTIONS

SRG Graphite Inc., in which Sama Resources Inc. holds a 34.54-per-cent stake, has approved a new corporate structure. SRG appointed Raphael Beaudoin as vice-president of operations, metallurgy and process design, Elias Elias as vice-president of legal and corporate affairs and corporate secretary, Mathieu Charette as vice-president of finance and corporate controller, and Michel Labonte as general manager of SRG Guinea. With these appointments, management and the board of directors are confident this will contribute positively to the company as it moves closer to construction.

Mr. Beaudoin graduated from McGill University in 2010 with a degree in materials engineering. Mr. Beaudoin worked as a plant metallurgist at the Minto mine in the Yukon before joining the Nunavik nickel project for Canadian Royalties Inc. in 2012. Mr. Beaudoin participated in the implementation of the Nunavik nickel concentrator as a plant metallurgist and later secured the position of chief metallurgist, where he oversaw many strategic projects of the concentrator. Before joining SRG Graphite, Mr. Beaudoin worked as the concentrator superintendent for Canadian Royalties, overseeing the operations, metallurgy, maintenance and power generation of the concentrator.

Mr. Elias has extensive experience in West Africa (in both the mining and the energy sectors). Before joining SRG Graphite, he served as general counsel and corporate secretary of Windiga Energy Inc., a Canadian-based independent power producer. Previously, Mr. Elias was legal counsel at Semafo, a Toronto Stock Exchange-listed gold producer with significant presence in West Africa, as well as with Gildan Activewear, one of the world's largest, vertically integrated manufacturers of apparel. Mr. Elias holds a civil law degree (summa cum laude) and a common law degree (cum laude) from the University of Ottawa. He has been a member of the Barreau du Quebec since 2007.

Mr. Charette completed his undergraduate degree in business administration and further continued his studies in taxation at HEC Montreal in 2004. Mr. Charette has been a member of the Ordre des Comptables Agrees du Quebec since 2006. He has worked in a financial role with mining companies in West Africa since 2008, first as corporate controller with GoviEx Uranium Inc., and then for five years as chief financial officer and secretary for WAI Capital Investments Corp. He has over 13 years of experience in financial management, financial reporting, taxation, budgeting, forecasting, and regulatory compliance for private and public companies within multiple jurisdictions.

The appointment of Mr. Labonte as general manager of SRG Guinea brings to the team a wealth of experience with regard to constructing and operating mines in West Africa. Mr. Labonte has over 40 years of mining experience, including over 15 years at Kiena mine and Placer Dome, as well as a decade of experience in Africa (most notably, five years as general manager of Semafo's flagship Mana mine in Burkina Faso). There, Mr. Labonte oversaw the construction, start of operations and continuous capacity building of the mine from the originally planned 2,500-tonnes-per-day plant to an 8,000-tonne-per-day mine. He also oversaw the operations of the mine for several years, including managing over 500 employees.

Grant of stock options

SRG Graphite also announced that, pursuant to its stock option plan and subject to regulatory acceptance, it has granted an aggregate total of 2,285,000 incentive stock options to certain directors, officers and consultants of the company, subject to certain vesting provisions. These options will be exercisable at a price of $1.10 per common share and will expire on Aug. 8, 2028.

About Sama Resources Inc.

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

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