Sama Resources Inc. Announces CAN$2,565,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2013) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sama Resources Inc. (TSX VENTURE:SME) ("Sama" or the "Company") is pleased to announce, subject to TSX Venture Exchange ("TSXV") approval, a non-brokered private placement (the "Private Placement") with MMG Exploration Holdings Limited (formerly MMR Exploration Limited) ("MMR"), a subsidiary of MMG Limited (HKSE 1208), International Finance Corporation ("IFC") and others of 12,825,000 units (the "Units") at a price of CAN$0.20 per Unit, for total gross proceeds of CAN$2,565,000. Each Unit will be comprised of one common share of the Company (a "Share") and one-half of one share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereto to purchase for a period of one year one additional Share (a "Warrant Share") at an exercise price per Warrant Share of CAN$0.30. On completion of the Private Placement it is contemplated that IFC will hold in excess of 10% of the outstanding common shares of Sama.

No finders' fees or commissions will be payable in connection with the Private Placement. Net proceeds from the Private Placement will be used for the advancement of the Company's exploration and development programs for the Samapleu Project in Côte d'Ivoire and for general working capital purposes related thereto.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa. For more information about Sama, please visit Sama's website at http://www.samaresources.com.

Forward Looking Statements

This release contains forward looking statements. More particularly, this release contains statements concerning the anticipated Private Placement. Although Sama believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Sama can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The closing of the Private Placement could be delayed if Sama is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The Private Placement will not be completed at all if these approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the Private Placement will not be completely sold, completed within the anticipated time or at all. Additional information on these and other factors that could affect Sama's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).