SXG Samex Mining Corp.

SAMEX Mining Corp. ("SAMEX") (TSX VENTURE:SXG)(OTCQB:SMXMF) announced today that
it has effected a change in senior management pursuant to the terms of a
previously announced agreement (see NR No. 5-12), as follows:




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RESIGNING DIRECTORS AND OFFICERS                                            
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Name                                  Office                                
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Jeffrey P. Dahl                       Director, President and Chief         
                                      Executive Officer                     
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Larry D. McLean                       Director, Vice President Operations,  
                                      Chief Financial Officer               
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Robert E. Kell                        Director, Vice President Exploration  
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Allen D. Leschert                     Director                              
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Malcolm B. Fraser                     Director                              
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Brenda McLean                         Corporate Secretary                   
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NEW AND CONTINUING APPOINTMENTS                                             
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Name                                  Office                                
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(i)Sasan Sadeghpour                   Director, Chairman, Interim Chief     
                                      Executive Officer                     
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(i)James Pappas                       Director                              
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(i)Travis Cocke                       Director                              
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(i)Patrick M. Cahill, CPA             Director                              
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Larry D. McLean                       Interim Chief Financial Officer       
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Brenda McLean                         Interim Corporate Secretary           
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(i) Members of Audit Committee                                              
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All of the resigning directors and officers have agreed to continue to act as
consultants to the Company in order to ensure an efficient and orderly
transition to new management. 


Sasan Sadeghpour, Director and Chairman of the Company, has agreed to act as
Interim Chief Executive Officer of the Company at an annual salary of $1.00. 


Larry D. McLean and Brenda McLean have agreed to continue in a consulting role
as Interim Chief Financial Officer and Interim Corporate Secretary,
respectively, up to April 30, 2013 or until their permanent replacements are
appointed. 


"I would like to express my support and encouragement to Mr. Sadeghpour and his
team, and my gratitude to all of SAMEX's outgoing management team and the many
founding and longstanding shareholders who supported this exploration venture
over the years," said Jeffrey Dahl, outgoing CEO of SAMEX. "I am pleased to say
that we pass on a company that is debt free, well funded and with vast holdings
of quality exploration concessions in one of the most coveted and prolifically
mineralized mining regions of the world. Today we transition to a new and
invigorated team whom I believe will aggressively pursue these prospects and
hopefully discover their full economic potential to the benefit of all
shareholders. I know we all wish them the very best in the days ahead."


"I would like to thank the prior team for assisting in this seamless
transition," said Interim CEO, Sasan Sadeghpour. "In particular, Brenda and
Larry McLean deserve our appreciation for staying on until the end of April to
shepherd the financial reporting and compliance responsibilities. I would also
like to thank my fellow shareholders for all their input over the past year and
would like to thank the newest members of our board."


The following three new independent members have been added to the Board, all
with high levels of skill and experience within their respective fields:


James Pappas

James Pappas is the Managing Member of JCP Investment Management, LLC and the
sole member of JCP Investment Holdings, LLC, the investment manager and general
partner, respectively, of certain entities whose principal business is investing
in securities. From 2005 until 2007, Mr. Pappas worked for The Goldman Sachs
Group, Inc. (Ticker: GS) ("Goldman Sachs"), a multinational investment banking
and securities firm, in their Investment Banking Division. Prior to Goldman
Sachs, Mr. Pappas worked at Banc of America Securities, the investment banking
arm of Bank of America (Ticker: BAC), a multinational banking and financial
services corporation. Mr. Pappas sits on the Board of Directors of Morgan's
Foods (Ticker: MRFD). Mr. Pappas received a Bachelor of Business Administration,
and a Masters in Finance from Texas A&M University. 


Travis Cocke

Mr. Cocke has over seven years of public market investment experience including
over two years as a portfolio manager with complete investment discretion for
the public equity portfolio of a small family office. Prior to co-founding
Southpaw Capital LLC in 2011, he was a Portfolio Manager at Farney Management
Corp., and an Investment Analyst at Ascendant Advisors LLC. Mr. Cocke also held
positions at the Texas Teachers Retirement System, a $100 billion public pension
fund, and at Omega Advisors, a $6+ billion long/short hedge fund based in New
York. Additionally, Mr. Cocke is a managing member for several private
investment partnerships with interest in real estate and public equities. Mr.
Cocke received a BBA in Finance from Texas A&M University.


Patrick M. Cahill, CPA

Mr. Cahill works as an independent consultant assisting companies on financial
and operational projects. From 2001 to 2008, Mr. Cahill was the Chief Financial
Officer of Champion Window, Inc. Champion is a manufacturer and distributor of
windows to the new residential construction industry. From 1987 to 2001, he was
employed at Equus Capital Management Corporation originally as its Controller
and ultimately as a Vice President and its Chief Financial Officer. Equus was
involved in the management of publicly traded and privately held leveraged
buyout funds involved in the acquisition of small to medium sized businesses in
a variety of industries. From 1982 to 1987 Mr.Cahill worked as an auditor for
Ernst & Young. He has served on the board of directors of two privately held
companies. Mr. Cahill is a graduate for The McCombs School of Business at The
University of Texas. 


The Board currently has two vacancies which the Company anticipates filling in
due course as suitable candidates are identified and selected. 


"As to the future, I am very eager to get started in my role as interim-CEO",
said Mr. Sadeghpour. "The Company's ultimate goal of an ore discovery will
require individuals with proven track records of success. In that respect, I am
very excited to introduce shareholders to our new lead geologist: Juan Carlos
Toro Taylor, Chairman of ETT Exploration. A former CODELCO senior geologist,
Juan Carlos Toro Taylor has over 35 years of experience mainly in copper, gold,
and iron ore throughout South America, Africa, Australia, and Asia. He has led
and been involved in multiple Chilean ore discoveries that include Gabriela
Mistral and Inca de Oro. 


"Juan Carlos and his team have spent the last 3 months analyzing our Los Zorros
and Chimberos properties. I personally consider it a great honor to be working
with such distinguished geologists as we drill new targets within our existing
projects. I'm thrilled to say that the ETT team is hoping to begin their first
drilling program on these properties very soon."


SAMEX anticipates issuing additional news releases with additional information
on its plans and progress in the near future. 


For And On Behalf Of The Board Of Directors,

Sasan Sadeghpour, Chairman, Interim CEO

This News Release includes certain "forward looking statements". Without
limitation, statements regarding potential mineralization and resources,
exploration results, future prospects of the Company, 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
and grade of ore mined; risks associated with development, construction and
mining operations; the uncertainty of future profitability and uncertainty of
access to additional capital. Except as may be required by law, SAMEX undertakes
no obligation to revise or update any forward-looking information as a result of
new information, future events, or otherwise after the date hereof. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
SAMEX Mining Corp.
Sasan Sadeghpour
Director, Chairman & Interim Chief Executive Officer
(713) 956-5200, extension 102
2samex@samex.com
www.samex.com

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