SXG Samex Mining Corp.

SAMEX (TSX VENTURE:SXG)(OTCBB:SMXMF) is steadily advancing the exploration
program at its Los Zorros property in Chile. Drilling since mid-December
includes over 4700 meters in 11 holes (two holes are currently in progress) and
has variably encountered anomalous and massive sulphide mineralization
including; pathfinder minerals, favourable sedimentary intervals and
structurally controlled mineralization. Program highlights include:




--  Milagro Project - Drill hole MW-12-01, located on the western edge of
    the Milagro gravity anomaly, encountered 22 meters of semi-massive to
    massive sulphide and oxide mineralization, composed of pyrite,
    magnetite, hematite and chalcopyrite. Logging and sampling is in
    progress, which will be followed by assaying. A 400 meter step out drill
    hole, MW-12-02 positioned more central within the Milagro gravity
    anomaly, has been started to follow up this encouraging intersection. 

--  Nora Project, Target Zones C/D - Logging, sampling and assaying have
    been completed on the four holes within the project area, N-11-01A, B, C
    and N-11-02A. Results are discussed below. Please also see PDF graphics
    plate at www.samex.com for map and section views. 

--  Nora Project, Target Zones A/B - Three deep holes have been drilled, N-
    11-03, -04, N-12-05 and a fourth N-12-06 is in progress. Logging,
    sampling and assaying are in progress and will be reported when
    completed. 

--  Lora SE Project - Two holes, LSE-12-01, -02 were drilled in this project
    area to test geophysical gravity low, resistivity and chargeability
    anomalies - intercepts of mineralized quartz-eye diorite porphyry and
    altered mineralized sediments were encountered. Logging, sampling and
    assaying are in progress and will be reported when completed. 

--  Cinchado Project - One deep drill hole SP-12-01, has been completed from
    the east side of Cinchado towards the west and underneath the old San
    Pedro gold mine. Logging, sampling and assaying are in progress and will
    be reported when completed. 

--  Drill pads have been prepared for continuation of drilling at the Virgen
    del Carmen, Colorina, Milagro, Florida, and the Salvadora project areas.
    Additional drill pads are in the process of being constructed in other
    project areas. 

--  A new road to access the more northern Cresta de Gallo area is under
    construction along the eastern range front region of the property. 



Current drilling at the Los Zorros Property is exploring for gold and silver at
multiple project areas within the Company's extensive land holdings that now
cover more than 100 square kilometers. This round of drilling is following up
exploration results from earlier drilling and is also testing anomalies
identified by the Titan-24 geophysical survey which was completed last year.


Nora Project, Target Zones C/D - SAMEX has been drilling in the Nora Project
area which hosts a complex swarm of copper-gold-mineralized barite veins and a
series of broad zones of anomalous gold. Assay results have been received and
compiled for four of the holes (DDH-N-11-01A, -01B, -01C and N-11-02A) drilled
in Zone C and Zone D of the Nora Project area. The holes were designed to
follow-up on a significant interval of high-grade gold mineralization (15.96 g/t
over 7.66 meters) in pyritized and silicified diorite-clast breccia intercepted
in drill hole N-04-05 during 2004, and to test a target concept to determine if
a gold-mineralized breccia mantos/stratigraphic unit was possibly wide-spread
beneath the area.


A set of three drill holes (DDH-N-11-01A, N-11-01B, N-11-01C) were drilled at
various angles from the same pad location (drill pad N-11-01) in order to test
the concept of a mantos/stratigraphic control. A fourth drill hole
(DDH-N-11-02A) was positioned to drill steeply southeastward across the target
interval in similar fashion to the nearby original 2004 "discovery" drill hole.
Three of the holes (DDH-N-11-01A, N-11-01B, and N-11-02A) holes made successful
intact intersections through the targeted stratigraphic interval of "black
silica" matrix diorite breccia, and hole N-11-01C intersected a similar layer
much higher in the hole than anticipated - but the intersections in these
mantos/stratigraphic units did not have any significant gold content.


However, highly anomalous amounts of gold and silver with highly anomalous
copper were intersected from the surface (or near surface) to depths of about
40.0 to 60.0 meters in all three of the holes (DDH-N-11-01A, N-11-01B, N-11-01C)
drilled from drill pad N-11-01) (see Table below). These shallow intersections
appear to be related to two strongly quartz-sericite-pyrite altered vein/fault
zones which trend through the vicinity of the drill pad (N-11-01). The
respective true widths of these intersections can only be estimated to be
between 5 to 16 meters because the orientation of the drill holes is angled at a
very acute angle (less than 10 degrees to 20 degrees) to the steep westward dip
of the vein/faults, thus smearing out the highly fractured intersections (see
cross section figure at www.samex.com). Because of the highly fractured rock,
core recovery in these intervals was overall poor. Other intervals of anomalous
gold and copper were also intersected at greater depths in these holes and
appear to be related to quartz-sericite-pyrite altered vein/faults.




---------------------------------------------------------------------------
                                  Gold  Gold   Silver Silver  Copper Copper
Hole      From     To Interval   Range   Avg.   Range    Avg.  Range    Avg.
Number      (m)    (m)      (m)   (g/t) (g/t)    (g/t)  (g/t)   (ppm)  (ppm)
---------------------------------------------------------------------------
N-11-01A    11     18        7   0.274- 1.34  4.3-7.2   5.47    1650-  2293
                                  2.69                          3330       
and         24   40.7     16.7   0.077-  0.4   2.6-14   7.03    1180-  4173
                                  1.74                         11100       
---------------------------------------------------------------------------
N-11-01B     6   61.8     55.8   0.061- 0.29 1.3-11.1   4.14    1010-  6090
                                   1.4                         51310       
and       80.3   91.2     10.9   0.174- 0.55  0.8-3.4   2.23 61-9910   2222
                                  1.75                                     
and      221.8  224.2      2.4   0.258- 0.55  3.5-6.4   4.58    3270-  7463
                                  1.04                          9980       
---------------------------------------------------------------------------
N-11-01C    17     41       24   0.048-  0.5  0.6-7.9   2.92     993-  2361
                                  2.72                          4100       
and         50   58.8      8.8   0.062- 0.57  1.4-3.0   2.34     215-   826
                                 1.095                          2540        
and        155 155.85     0.85         0.218             1.1           1405
and      164.6  165.5      0.9         0.161               5          12060
and        218    227        9   0.253- 0.44  0.1-1.6    0.6     6.0-     9
                                 0.694                          16.0       
---------------------------------------------------------------------------
N-11-02A 350.4  352.2      1.8         1.575             2.6           2340
---------------------------------------------------------------------------

All lengths are down hole distances.
True widths of the mineralized structures are not known.



The additional information gleaned in these recent drill holes suggests that the
interval of high-grade gold mineralization intersected in 2004 may be related to
one of the steep (near vertical) fault/vein structures - perhaps comprising part
of the wide mineralized quartz-sericite-pyrite alteration halo - instead of
being part of a mantos-style (near horizontal/stratigraphic) layer. The
intervals of highly anomalous gold and silver with highly anomalous copper in
these new holes all appear to be associated with quartz-sericite-pyrite altered
fault/veins (vertical/steep oriented structures).


The complex swarm of copper-gold-mineralized barite veins and broad zones of
anomalous gold present at surface in the Nora Project area may be leakage up
from deeper-seated mineralization in vertical/steep oriented structures beneath
the area. The recent drill holes (DDH-N-11-01A, -01B, -01C) were oriented as
steep-angle holes in order to test through mantos-style (near
horizontal/stratigraphic) layers; however, a program of low-angled holes would
need to be considered in order to test the nature and true width of
vertical/steep oriented structures at depth in prospective Zones C and D and in
the broader and more-strongly veined prospective Zone A.


The Los Zorros land holdings now cover a 15 kilometer-strike of the prospective
range front/anticline along which mineralization is exposed in old-time
piquenero underground workings, open cuts, trenches and pits situated in the
Colorina, Nora, Virgen del Carmen, Cresta de Gallo, and Trueno project areas
that are yet to be systematically explored by SAMEX.


SAMEX is making steady progress in exploring this large and complex district and
continues to develop a clearer understanding of the controls and influences that
gave rise to mineralization on the property. SAMEX is well funded to advance the
exploration of its high-priority precious metal projects at Los Zorros, while
bringing forward numerous additional targets in the district. The Company holds
a portion of its working capital in the form of gold and silver bullion.


The geologic technical information in this News Release was prepared by Robert
Kell, Vice-President Exploration for SAMEX MINING CORP. and Philip Southam,
Geologist. Mr. Kell and Mr. Southam are "qualified persons" pursuant to Canadian
Securities National Instrument 43-101 concerning Standards Of Disclosure For
Mineral Projects.


Robert E. Kell, Vice President - Exploration

This news release includes certain "forward-looking statements". Without
limitation, statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company are
forward-looking statements that involve various risks. Actual results could
differ materially from those projected as a result of the following factors,
among others: risks inherent in mineral exploration; risks associated with
development, construction and mining operations; the uncertainty of future
profitability and uncertainty of access to additional capital.

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