MONTREAL, April 02, 2019 (GLOBE NEWSWIRE) -- Sama Resources Inc. (TSXV: SME
| OTC.PK: SAMMF) (“SME” or the “Company”) is pleased to report that SRG Graphite
Inc. (“SRG”) has received its Environmental Conformity Certificate from the government of Guinea for its Lola
graphite project. This certificate is the only environmental and social permit required to move forward with the construction of
the project. With this certificate in hand, SRG is now in a position to file for its mining license, another crucial permit
required for construction.
SRG worked with Montreal-based EEM Sustainable Management (“EEM”) and Guinean firms Sylvatrop Consulting, a
bio-diversity expert, and Guinée Environment Services to produce a study which meets Guinea’s standards and the International
Finance Corporation’s (“IFC”) 2012 edition of the Environmental and Social Performance Standards.
SRG is partnering with Giovannetti Consultant (“GC”) to develop its resettlement action plan (“RAP”), which will
also follow IFC’s 2012 edition of the Performance Standards, namely PS5 pertaining to land acquisition and resettlement. While only
150 economic relocations and 6 physical relocations are expected, a well-detailed RAP is required to ensure best practices are
followed. Frederic Giovannetti, founder of GC, brings over 38 years of relevant experience and has recently led the preparation of
the new IFC Resettlement Handbook to be published in 2019.
With the Environmental Conformity Certificate in hand, SRG now has all the required documents to apply for a
mining license from the Ministry of Mines. SRG filed its mining license application on April 1, 2019.
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.
