MONTREAL, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Sama Resources Inc. (“Sama” or the
"Company") (TSX Venture Exchange:SME) today announced, further to its news release dated November 29, 2017, that
it has successfully completed the acceleration of its share purchase warrants (the “Warrants”) issued under the
non-brokered private placement announced on April 7, 2017. Of the 18,778,928 Warrants, 18,776,528 were exercised at a price
of $0.20 per Warrant, for gross proceeds of $3,755,306. The remaining 2,400 Warrants are cancelled. The Company is well-positioned
to continue its exploration and development activities.
Dr. Marc-Antoine Audet, President and CEO, stated, “We are pleased with the strong show of support from our
shareholders through the exercise of the warrants and over $3.7 million in proceeds. The additional capital will ensure the
company is well funded to advance its exploration projects to the next stage and follow-up on the encouraging results received
to-date."
About Sama Resources Inc.
Sama is a Canadian-based mineral exploration and development company with projects in West Africa. On October
23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo
Inc., for the development of its Côte d’Ivoire Nickel-Copper and Cobalt project in Côte d’Ivoire, West-Africa. For more information
about Sama, please visit Sama’s website at http://www.samaresources.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
OR
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
Certain of the statements made and information contained herein are "forward-looking statements" or
“forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements and
forward-looking information are subject to a variety of risks and uncertainties, which could cause actual events or results to
differ from those reflected in the forward-looking statements or forward-looking information, including, without limitation, the
availability of financing for activities, risks and uncertainties relating to the interpretation of electrochemical
characterization, drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral
deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's
expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of
remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other
unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or
development activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity
price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties.
In addition, forward-looking statements and forward-looking information are based on various assumptions.
Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking information or forward-looking statements. Accordingly, readers
are advised not to place undue reliance on forward-looking statements or forward-looking information. Except as required
under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking
statements or forward-looking information, whether as a result of new information, future events or otherwise.
