NEWS RELEASE

Trading Symbols: TSXV:SXG or OTCBB:SMXMF           No. 8-06                  May 2, 2006

OPTIONS GRANTED
 

Pursuant to the Company’s Stock Option Plan, SAMEX has granted options on an aggregate of 1,850,000 shares at a price of $0.85 per share consisting of 350,000 shares granted to employees and consultants of the company and 1,500,000 shares granted to directors/officers of the Company. The options have a ten-year term which will expire May 2, 2016.
 

Jeffrey P. Dahl,
President

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.