SAZ International Samuel Exploration Old (Tier2)

International Samuel Exploration Corp. (TSX VENTURE:SAZ) (the "Company") is
pleased to announce a non brokered private placement (the "Private Placement")
of up to 6,000,000 units (each a "Unit") at a purchase price of $0.12 per Unit
raising aggregate gross proceeds to the Company of up to $720,000. Each Unit
will consist of one common share issued on a flow-through basis under the Income
Tax Act (Canada) and one half of one non transferable non flow through common
share purchase warrant (each whole warrant, a "Warrant").


Each Warrant will entitle the holder to purchase one non-flow-through common
share of the Company at a purchase price of $0.15 per share for a period of one
year from closing of the Private Placement. A finder's fee will be paid in
connection with the Private Placement.


Proceeds from the Private Placement will be used to finance the exploration and
development of the Company's Ualliq option with Diamonds North Resources Ltd.
and the joint venture at Reed Lake, Manitoba. All securities issued in
connection with the Private Placement will be subject to a minimum four month
hold period. The Private Placement is subject to the approval of the TSX Venture
Exchange.


On Behalf of the Board of Directors

Conrad Swanson, President

Safe Harbour Statement: The Company relies upon litigation protection for
"forward looking statements."

International Samuel Exploration Old (Tier2) (TSXV:SAZ)
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