Dr. Marc-Antoine Audet reports

ASSAY RESULTS FOR 13 DRILL HOLES RETURN ADDITIONAL NICKEL AND COPPER MINERALISATION AT THE NEAR SURFACE YEPLEU PROSPECT, COTE D'IVOIRE, WEST-AFRICA

Sama Resources Inc. has released additional nickel, copper and platinum group element (PGE) results for 13 drill holes of the 2023 3,800-metre drilling program at the Yepleu prospect, located 25 kilometres southwest of the Samapleu-Grata deposits in western Ivory Coast, West Africa.

To follow up on the Jan. 9, 2024, press release reporting on assay results of drill holes S-336 to S-342, today the company is reporting assay results for an additional 10 drill holes (S-343 to S-352) drilled on a newly discovered, near-surface zone of Ni, Cu and PGE mineralization. The discovered mineralized zone spans an area of 500 metres by 400 metres, open in all directions within a 500 m to 700 m wide, northwest-to-southeast-trending corridor of approximately three kilometres. Assays results from three additional holes, YE-47 to YE-49, are confirming a second new mineralized zone located at the northwest end of the corridor and approximately 2.5 km from holes S-332 to S-351. Assay results for holes YE-38 to YE-46 and YE-50 to YE-55 are pending.

Thirty-one holes, totalling 2,487 m, have been drilled to date. Drilling is being conducted using two Sama-owned core drill rigs. The target zone is subhorizontal with a slight dip of 10 to 15 degrees toward the southwest. All holes were drilled vertically.

The Samapleu-Grata-Yepleu mineralization is a signature of a layered, pipe-like intrusion or conduit-hosted nickel deposits. These rare types of intrusions host the world's largest Ni-Cu deposits, such as Jinchuan, Voisey's Bay, Kabanga, Eagle, Eagle Nest and N'komati.

Sama discovered the Ni-Cu-PGE mineralization when it discovered the Yacouba layered complex of mafic and ultramafic rock. This layered complex was created approximately 2.1 billion years ago by the intrusion of magma through the Man Shield. The Yacouba complex can be traced over a strike length of more than 30 kilometres within Sama's properties in Ivory Coast.

National Instrument 43-101 and quality assurance/quality control

Core logging and sampling were performed at Sama's Samapleu and Yepleu field facilities. Sample preparations are conducted at the Bureau Veritas mineral laboratory in Abidjan, Ivory Coast. Sample pulps were delivered to Activation Laboratories Ltd. in Ancaster and Thunder Bay, Ont., Canada, for assaying. All samples were assayed for nickel, copper, cobalt, iron, sulphur, platinum, palladium and gold using sodium peroxide fusion ICP for the first five elements and by fire assay ICPOES for the last three.

The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, PhD (geology), PGeo, president and chief executive officer of Sama, a qualified person as defined by NI 43-101.

About Sama Resources Inc.

Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper project in Ivory Coast, West Africa. The company is managed by experienced industry professionals with a strong record of discovery. Sama is committed to developing and exploiting the Samapleu nickel-copper-platinum-group-element resources.

Sama's projects are located approximately 600 kilometres northwest of Abidjan in Ivory Coast and are flanked to the west by the Ivorian and Guinean borders. Sama's projects are located adjacent to the large, world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a new, 125 km long base metal camp in West Africa.

Sama owns a 70-per-cent interest in the Samapleu nickel-copper project in Ivory Coast, with its joint venture partner, Ivanhoe Electric Inc. owning 30 per cent. Ivanhoe Electric has the option to purchase up to a 60-per-cent interest in the project.

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