October 28, 1996

V.SXG Samex Mining $2.00

Samex has shown very encouraging results for large bulk tonnage production, from both their Santa Isabel and Walter properties in Bolivia, which are currently being drilled. Walter is SXG's main focus currently, which hosts gold-bearing "Bolivian style" polymetallic veins and intrusions in the Walter South, Walter Central and Walter North target areas. Exploration on the Walter South Zone has resulted in the discovery of nine gold-bearing polymetallic veins and related intrusions. Gold and silver values up to 145.0 gpt gold and 704 gpt silver are present with grades in the veins averaging from 3.0 to 10.0 gpt gold and 9.0 to 206 gpt silver as well as 6% zinc and significant recoverable values for other metals. The dacite porphyry intrusion averages 5.6 % zinc with 1.10 gpt gold, 28.02 gpt silver as well as other recoverable metals.

Cross-cuts and drifts along less than 200 meters of the Walter South Zone and to depths averaging less than 100 meters have already defined proven/probable ore reserves of 323,000 tonnes with an after cost/tax value of $7.3 million (US). "Bolivian style" polymetallic veins in this geologic belt are renowned for their tonnage potential since they typically extend for several kilometers and are mineralized to depths reaching more than 750 meters. Should the mineralized veins and intrusions evaluated to date extend to a depth of even 300 meters, the resource situated in the Walter South Zone could increase to over 7,000,000 tonnes. There is potential for an even greater expansion of reserves since the broad zone of mineralized veins at Walter South can be traced for over 2 kilometers north to the Walter Central Zone.

Samex just released an update on the Walter Project with excellent gold, silver and other base metal values. The complete news release is now available and will soon be posted at SXG's web site at http://www.samex.com 1-800-828-1488 Here are the highlights:

- potential of up to 6 million tonnes at 0.36 oz/ton gold equivalent at Walter South - 330 metres of new drifting brings total to 1.44km of underground workings - discovery of eight new vein structures - metallurgical tests achieve required results - 2000 meter core drilling program begins mid November - major mining group reviewing project

October 8, 1996

V.SXG SAMEX MINING $2.66
KEEP AN EYE-OUT FOR SAMEX
SAMEX is drilling for a copper-gold-moly core on their Santa Isabel property. They believe the deposit is similar to the Anaconda Mine at Butte, Montana and the Bingham Canyon mine close to Salt Lake City, Utah. Both these deposits "had" billions of tons of copper, zinc and lead and millions of oz.'s of gold and silver and many more minerals that were economic. Hole 1 encountered 1105 ft interval of zinc-lead-silver with a gross metal value of $24.50 per ton. This value is similar to numerous Chilean copper porphyry systems.

The theory goes that SAMEX has identified the zinc/silver "halo" at the Santa Isabel porphyry project. The question is really two-fold, when are they going to identify the copper-gold-moly portion of the porphyry core and how big will the porphyry system be at Santa Isabel?

SAMEX will also be drilling their Walter property where they have a "geological permissible" reserve of 1.8 million tons with a net value of $54 million (US). The drilling, to commence shortly, is targeted to increase the geological permissible reserve substantially. Numerous high grade vein structures now exists with up to 10 gpt (.32 oz/ton) gold and up to 206 gpt (6.62 oz/ton) silver.

Visit their Web site at http://www.samex.com They have posted, recently, new information. Short term advancement of stocks can result from promotion; however, sustained moves come from "positive results". SAMEX will be very active in the third and fourth quarter on at least three highly prospective exploration properties. Drilling is on going at Santa Isabel. We suggest calling investor relations at SAMEX 1-800-828-1488

September 24,1996

V.SXG Samex Mining $2.41
On Friday, Samex announced the completion of a recently filed private placement for over $2 million dollars. This will clear the way for SXG to continue drilling additional targets on their Santa Isabel porphyry system and several untested gold, copper and base metal targets in Bolivia. We are encouraged by Phase I results to date and appreciate the time it has taken, especially considering the vast size of Samex's land holdings. Samex traded from around its current price to over $7, in anticipation of earlier drilling. This was just before the junior mining market corrected in June, on lower gold and copper prices.

August 30, 1996

V.SXG Samex Mining $3.00
Samex will soon announce the closing of their recently filed private placement offering. When the financing is out of the way SXG will aggressively continue to drill several large gold, copper and base metal porphyry and vein set targets on their Santa Isabel and Walter Bolivian claims. We started following SXG at $2.75 up to over $7 and back to $2.25, during the summer correction. In hindsight, which is always 20/20, SXG was ahead of itself at $7 but we continue to have confidence in the company's management and its Bolivian targets based on results to date. We were almost shaken out of V.AZS Arizona Star a few times but held on, which ran from $1.50 to $17.50 recently. Here is today's press release.

Tel: (604) 688-6080 or (800) 828-1488 Fax: (604) 688-6090 Drilling will resume this week-end at the Santa Isabel Porphyry Project in southwest Bolivia. Reconnaissance drilling to-date shows Santa Isabel to be a mineralized porphyry system hosting a diversity of metals including lead, zinc, silver, copper, gold, arsenic, antimony and molybdenum. The alteration and sulfide distribution at Santa Isabel is similar in extend and character to the huge polymetallic porphyry orebodies at Butte, Montana and Bingham Canyon, Utah. The current phase of the continuing reconnaissance drill program will include widely spaced core drill holes ranging from 300 to 600 in depth.

The Company has granted an employee an incentive stock option on 60,000 shares exercisable at a price of $3.00 per share over a five year period. The option is subject to V.S.E. approval.

August 14, 1996

Samex, like Arizona Star, has the potential of one or several massive low, medium or high grade gold, copper, silver porphyry deposits on their Santa Isabel Bolivia properties. SXG ran to over $7 recently before mining stocks in general corrected. 1-800-828-1488.