NEWS RELEASE – No. 2-08
S A M E X M I N I N G C O R P.
SAMEX MINING CORP.
301 - 32920 Ventura Ave.
Abbotsford, BC V2S 6J3
TEL: (604) 870-9920
FAX: (604) 870-9930
TOLL FREE: 1-800-828-1488
SXG - TSX Venture Exch
SMXMF - OTC BB
March 3, 2008
ADVANCE ROYALTY PAYMENT MADE ON LOS ZORROS PROPERTY, CHILE
SAMEX has made an advance royalty payment of US$100,000 (in Chilean peso equivalent) in
relation to a 209-hectare-portion of the Company’s Los Zorros property in Chile. The royalty
payment is the first of five identical payments that are payable annually for the next four years. The
Company purchased the 209 hectares of mineral concessions in 2006 pursuant to the “Hochschild
Option”. The concessions cover several old small gold workings that exhibit strong potential for the
discovery of new resources.
Over several years SAMEX has accumulated more than 7,800 highly prospective hectares of
mineral concessions at Los Zorros, which the Company has grouped into seven separate
“Exploration Areas”. The exploration objective at Los Zorros is the discovery of gold, silver and/or
copper deposits. Below is a brief review of several targets within the Los Zorros property:
NORA High-Grade Gold Target where the Company’s Phase I drilling program made a
high-grade gold intersection of 15.96 grams/mt gold over 7.66 meters. Trenching in the
Nora area also exposed significant intervals of anomalous gold; Trench TN-9 exposed
130.6 meters with a weighted average of 0.757 grams/mt gold, Trench TN-2 had 90.0
meters with a weighted average of 0.428 grams/mt gold, and Trench TN-3 exposed 117.0
meters with a weighted average of 0.558 grams/mt gold (previously announced in News
Release No. 2-05 dated April 5, 2005).
Milagro Mine Gold Target where Phase I drilling intersected gold-mineralized mantos with
a gold content ranging from 1.240 grams/metric tonne to 4.140 gram