SXG Samex Mining Corp.

SAMEX Mining Corp. (TSX VENTURE:SXG)(OTCQB:SMXMF) ("SAMEX" or the "Company")
provides this updated news release in respect of its El Gringo
copper-gold-silver prospect in Chile (the "El Gringo Project") as previously
updated in a news release dated May 30, 2013. 


Following the resignation of former CEO Jeffrey P. Dahl in January of 2013, the
board of directors of the Company embarked on a new strategic direction in an
attempt to optimize exploration efforts in Chile. In light of the fact that the
Company's cash equivalent balance had already fallen 83% from its 2011 peak
(from approximately $11.9 million down to $2.0 million), the new board
emphasized allocating as much of the remaining capital as possible towards the
goal of a resource discovery in Chile. The Company also engaged an entirely new
geological team led by Juan Carlos Toro Taylor - one of Chile's most renowned
geologists with a track record of leading and participating in ore discoveries.
After consulting with several geological advisors however, the Company
determined that the most recently received drill assays did not improve from the
results announced on May 30, 2013. Irrespective of these efforts, the Company no
longer has the capacity to continue independent exploration at its El Gringo
Project and management has made the decision to halt exploration and explore
strategic alternatives. 


SAMEX has entered into discussions with multiple parties to identify and
evaluate strategic alternatives. Strategic alternatives may include, but are not
limited to: joint venturing or selling existing land concessions, optioning
properties in other jurisdictions, or transitioning the company to a different
segment of the mining industry. The Company cautions that while it is in the
process of evaluating strategic alternatives, there are no assurances or
guarantees that the pursuit of a strategic alternative will be successful. 


This News Release includes certain "forward-looking statements" within the
meaning of Canadian securities laws. Without limitation, statements regarding
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, uncertainty of access to additional capital
and general economic, market or business conditions. 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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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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