NEWS RELEASE
SAMEX (the “Company”) has signed a corporate finance consulting agreement with European consultants, Spartacus Ltd. (the “Consultant”), to assist the Company with respect to its corporate financing efforts in Europe and other jurisdictions.
During the term of the agreement, the Consultant will provide
introductions to fund managers, institutional investors and other parties,
as well as assistance associated with financing activities. In consideration
of these services, the Company will pay the Consultant a quarterly fee of
$25,000 commencing after SAMEX completes one or more private placements with
the assistance of the Consultant which have aggregate net proceeds of not
less than $2,000,000. The Agreement continues for a term of 12 months and
may be terminated on 30 days notice prior to completion of the private
placements. The agreement is subject to regulatory acceptance.
Jeffrey P. Dahl,
President
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.