Samaranta Confirms Priority Drill Targets With IP Survey

Samaranta Mining Corporation. (TSX VENTURE:SAX) announces that it has received
the maps and final results from the 13.5 line kilometer IP survey completed on
two parallel grids on its Guadalupe property in Segovia District of Colombia.
Within the area surveyed three discreet conductors were identified. The survey
and subsequent maps were completed by SJV Geophysics of Delta BC. The survey was
designed utilizing East - West lines to intersect the regional N20E to N30E
structural trends that are known to host high grade vein mineralization
immediately south of the Guadalupe property. Two of the three conductors may be
related as both are associated with a mapped contact between a metamorphosed
sedimentary unit and a felsic tuff. Both of these units are believed a veneer
over a diorite intrusion. Gold mineralization at Frontino Gold Mines ("FGM"),
which lies directly to the south of the Guadalupe property, is hosted in a
diorite intrusion. Target Area 2, the southern most of the two conductors, is
the most attractive. 


Target Area 2

Target Area 2 includes the projected extensions of the Cristales and San
Nicholas vein structures, both of which were the subject of historic mining
efforts. Here, a strong chargeability anomaly with associated moderate
resistivity low was identified. The anomaly coincides with an area where field
mapping has identified hydrothermal alteration related to a mylonite. This
priority target lies between the projected extension of the San Nicholas and
Cristales veins. A quartz diorite unit has been mapped about 200 meters to the
northwest of the conductor and a granodiorite unit that is known to host FGM
style mineralization that lies about 200 meters South east of the conductor.
Target area 2 was chosen as a priority drill target in a geological compilation
report completed prior to the IP survey. The IP survey adds geological strength
to this target. 


Middle Target Area

The Middle Target Area is a strong chargeability anomaly, the centre of which is
approximately 700 meters north of the centre of Target Area 2. This target is
also associated with a mapped contact between a metamorphosed sedimentary unit
and a felsic tuff. Given both the Target Area 2 conductor and this Middle Target
Area conductor(s) appear associated with the same geological contact and the two
anomalies are separated by 400 metres and appear to be on trend with one and
another, there may be an association between Target Area 2 conductor and the
Middle Target Area conductor(s). The signature at the Middle Area is slightly
different in that the chargeability high is associated with a moderate
resistivity high. This target lies along the general projection of the Cristales
vein. The chargeability high along with the 2011 airborne survey results builds
a good case for drilling. 


The combination of the IP survey, airborne magnetics / radiometric survey and
geological compilation has identified several structural corridors believed to
be prospective for gold mineralization. A soil geochemistry program is ongoing
in the vicinity of Target Area 2. This survey is comprised of auger drilling
down to a depth of 3 feet and then collecting a soil sample. The intent of this
soil geochemistry survey is identify prospective areas for gold mineralization
and eventually drilling. 


"The conductors identified through the IP survey fit very well with all of the
previous compilation work, particularly in the Target 2 Area," stated Volkmar
Hable, President of Samaranta. "We have confidence our work has identified the
most prospective drill targets and look forward to the results of the
geochemistry survey confirming this belief." 


Technical information in this news release has been reviewed by Derrick
Strickland, P.Geo., a qualified person as defined in NI 43-101. Copies of the IP
sections can be viewed on the Company's website at www.samaranta.ca. 


SAMARANTA MINING CORPORATION

Volkmar Hable, President

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