Sama Resources Closes Private Placement of CAN$2,565,000

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 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 the closing of its previously announced non-brokered private placement (the "Private Placement") with MMG Exploration Holdings Limited, a subsidiary of MMG Limited (HKSE 1208) ("MMR"); International Finance Corporation ("IFC"); and others of 12,825,000 units (the "Units"). The Units were issued at a price of CAN$0.20 per Unit, for total gross proceeds of CAN$2,565,000. Each Unit is comprised of one common share of the Company (a "Share") and one-half of one share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase for a period of one year from the date of issuance (the "Expiry Date"), one additional Share (a "Warrant Share"), at an exercise price of CAN$0.30 per Warrant Share until the Expiry Date.

No finders' fees or commissions were 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. The Shares and Warrants comprised in the Units and any Warrant Shares issuable upon exercise of the Warrants are subject to a hold period which expires on October 1, 2013.

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 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. 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).