MONTREAL, July 23, 2018 (GLOBE NEWSWIRE) -- Sama Resources Inc. (TSXV:SME) (“SME” or the
“Company”) today reports that SRG Graphite Inc. (“SRG”) has filed, on July 20, its National Instrument 43-101 (“NI 43-101”)
Technical Report supporting the initial resource estimate for its 100%-owned Gogota Nickel-Cobalt-Scandium deposit located in the
Republic of Guinea, on SEDAR, as reported in the SRG’s news release dated June 6, 2018.
The maiden mineral resource estimate includes a pit-constrained inferred resource of 44.9 million tonnes
(“Mt”) of mineralized material grading 1.28% nickel (“Ni”) for 573,040 tonnes (“t”) of contained nickel. The cobalt (“Co”) grade of
the resource is 0.13% Co for 59,560t of contained cobalt. The resource also contains 29.4 grams per ton (“g/t”) of scandium (“Sc”)
for 1.17 tonnes of contained scandium in the limonitic portion of the deposit.
The NI 43-101 Technical Report was prepared by consultant Schadrac Ibrango, P. Geo, of Montréal-based Met-Chem,
a division of DRA Americas Inc. Mr. Ibrango is a Qualified Person (“QP”), independent of SRG Graphite, within the meaning of NI
43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
The Lola Graphite Project is under the direct supervision of Marc-Antoine Audet, P.Geo., and a QP as defined by
National Instrument 43-101.
The NI-43-101 Technical Report may be referenced on SRG’s website at www.srggraphite.com and on SEDAR at www.sedar.com.
About Sama Resources Inc.
Sama is a Canadian-based mineral exploration and development company with projects in West Africa.
Sama holds a control position in SRG of 24,658,267 shares representing 35.54% of the issued and outstanding shares of SRG and is
considered an insider for reporting purposes.
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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
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.
