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International Samuel acquires B.C. exploration property and announces private placements

Vancouver, B.C. - International Samuel Exploration Corp., (ISS: TSX-V), ("the Company") wishes to announce the purchase of a 100% interest in 11 mineral claims totaling 5,331 hectares from a non arm’s length vendor for total consideration of $10,000 cash, 750,000 common shares of the Company and 2,000,000 share purchase warrants, with each share purchase warrant entitling the holder thereof to purchase one common share of the Company for a period of two years from the date of Closing at a purchase price of $0.25 per common share. In addition, the Company is required to complete an exploration work program of $500,000 on the property within twelve months of the acquisition date. The property is located approximately 150km south of Vanderhoof, B.C.. All terms of this acquisition are subject to approval by the TSX Venture Exchange.

The Company also announces it has arranged a non-brokered private placement unit offering of 2 million flow through Units (“FT Unit”) with each FT Unit comprised of one flow-through common share of the Company at a subscription price of 25 cents per common share and one full non-flow-through share purchase warrant (“FT Warrant”) entitling the holder thereof to purchase one additional common share of the Company at an exercise price of 40 cents at any time up to two years from the closing date of the FT Unit offering. Proceeds will be used to complete the above exploration work commitment.

Each FT Warrant will be subject to accelerated expiry provisions such that if any time after the date of Closing of the private placement, the Company’s common shares trade on the TSX Venture Exchange at or above a weighted average trading price of $0.50 per share for 10 consecutive trading days, the Company may give notice to the holders that each FT Warrant will expire 30 days from the date of providing such notice.

In addition, the Company has arranged a non-brokered private placement unit offering of 500,000 non flow through Units (“NFT Units”), with each NFT Unit comprised of one non-flow-through common share of the Company at a subscription price of 20 cents per common share and one full non-flow-through share purchase warrant entitling the holder thereof to purchase one additional common share of the company at an exercise price of 30 cents at any time up to two years from the closing date of the NFT Unit offering. Two senior officers of the Company subscribed to this private placement. Proceeds will be used for general working capital.

The Company has agreed to pay a Finder's Fee in units (“Finder’s Fee Units”) on the flow through Unit offering of the Company, equal to 7% of the Units sold to Subscribers. The Finder’s Fee Units have the same terms as the flow through private placement Units.

The shares issued under these Unit offerings will be subject to a four-month hold period from the date of closing of each unit offering.
Both unit offerings and Finder’ Fee Units are subject to approval from the TSX Venture Exchange

On Behalf of the Board of Directors

Conrad Swanson
President

For further information, please contact: 604-718-5454
Toll Free: 888-500-4587 or 866-580-0699

Safe Harbour Statement: The Company relies upon litigation protection for “forward looking statements.”

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.