Samex Mining Corp. announced that it has effected a change in senior management pursuant to the terms of a previously announced agreement as follows: Jeffrey P. Dahl resigned as Director, President and Chief Executive Officer; Larry D. McLean resigned as Director, Vice President Operations, Chief Financial Officer; Robert E. Kell resigned as Director, Vice President Exploration; Allen D. Leschert resigned as Director; Malcolm B. Fraser resigned as Director; Brenda McLean resigned as Corporate Secretary. Sasan Sadeghpour, Director and Chairman of the company, has agreed to act as Interim Chief Executive Officer.

The following three new independent members have been added to the Board, all with high levels of skill and experience within their respective fields: James Pappas is the Managing Member of JCP Investment Management, LLC and the sole member of JCP Investment Holdings, LLC. From 2005 until 2007, Mr. Pappas worked for The Goldman Sachs Group Inc. Travis Cocke has over seven years of public market investment experience including over two years as a portfolio manager with complete investment discretion for the public equity portfolio of a small family office. Patrick M. Cahill, CPA: Mr. Cahill works as an independent consultant assisting companies on financial and operational projects.

From 2001 to 2008, Mr. Cahill was the Chief Financial Officer of Champion Window Inc. All of the resigning directors and officers have agreed to continue to act as consultants to the Company in order to ensure an efficient and orderly transition to new management.