FIRST QUARTER REPORT
For The Three Months Ended
March 31, 2007
INCLUDES
CONSOLIDATED FINANCIAL STATEMENTS
AND
MANAGEMENT DISCUSSION & ANALYSIS OF FINANCIAL STATEMENTS
AND
MINERAL PROPERTY SUMMARIES AND NEWS RELEASES
Date of Report – May 17, 2007
S A M E X M I N I N G C O R P.
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SAMEX MINING CORP.
301 - 32920 Ventura Ave.
Abbotsford, BC V2S 6J3
CANADA
TEL: (604) 870-9920
FAX: (604) 870-9930
TOLL FREE: 1-800-828-1488
EMAIL: 2samex@samex.com
WEB: www.samex.com
TRADING SYMBOLS:
SXG - TSX Venture Exch.
SMXMF - OTC BB
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S A M E X M I N I N G C O R P.
HIGHLIGHTS FOR FIRST QUARTER 2007
IP Geophysical Survey Significantly Expands Target Areas - INCA Project, Chile
$594,018 Expended On Exploration & Mineral Interests
Completed Private Placement of 5,742,500 Units at $0.80/Unit
THIS REPORT INCLUDES:
CONSOLIDATED FINANCIAL STATEMENTS
MANAGEMENT DISCUSSION & ANALYSIS OF FINANCIAL STATEMENTS
MINERAL PROPERTY SUMMARIES, NEWS RELEASES
SAMEX MINERAL EXPLORATION PROPERTIES
SAMEX is exploring the mineral-rich Cordillera of Chile and Bolivia.
This prolific mining belt hosts some of the world’s largest ore bodies.
Website - www.samex.com
SAMEX trades in Canada on the TSX Venture Exchange - symbol: SXG
SAMEX is quoted in the United States on the OTC Bulletin Board - symbol: SMXMF
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CHILE
BOLIVIA
ESPEJISMO
Gold Prospects
EL DESIERTO
Porphyry Copper-Gold Prospect
INCA
Porphyry Copper, Gold, Silver, Moly Prospects
ESKAPA
Epithermal Gold-Silver, Copper Prospects
LOS ZORROS
Gold, Copper, Silver Prospects
SANTA ISABEL
Zinc-Silver-Lead-Indium-Copper-Gold Targets
TRES PUNTAS/CHIMBERO
Silver Prospects
WALTER
Vein/Intrusion Gold-Silver-Lead-Zinc-Copper-Bismuth
WARA WARA
Sediment-Hosted Zinc-Silver-Lead-Copper Targets