International Samuel Exploration Corp.
TSX VENTURE : SAZ

International Samuel Exploration Corp.

October 30, 2007 15:03 ET

International Samuel Acquires Additional Reed Lake Claims and Announces Work Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - International Samuel Corp. (TSX VENTURE:SAZ) ("International Samuel" or the "Company") announces the Company has entered into a letter agreement to acquire additional Reed Lake mineral claims in Manitoba.

The Company has entered into a letter agreement dated October 29, 2007 to acquire a 50% legal and beneficial interest in mineral licenses MEL 332A, comprised of 30,270 hectares (74,797 acres), and MEL 333A, comprised of 21,592 hectares (53,354 acres). The purchase price payable by the company to the vendors is 800,000 common shares of the Company (the "Shares") plus reimbursement of 50% of the staking costs which total approximately $13,325. As additional consideration, the Company has agreed to grant to the vendors a 1% NSR (in the aggregate), of which a 0.5% NSR can be purchased by the Company at any time by making a cash payment to the vendors of $500,000. The acquisition is subject to the acceptance of the TSX Venture Exchange. The Shares to be issued to the vendors on closing will be subject to resale restrictions under applicable securities laws and the rules and policies of the TSX Venture Exchange.

The acquisition of these mineral licenses comprising 51,861 hectares (128,151 acres) is in addition to the proposed acquisition of a 50% ownership interest of mineral licenses comprised of approximately 26,652 hectares (65,860 acres) in the Reed Lake area contemplated by letter agreement entered to by the Company on October 4, 2007. Upon completion of these acquisitions, the Company will hold a 50% interest in mineral licenses comprised of approximately 78,513 hectares (196,210 acres) that is contiguous to the south, north, and west of the VMS Ventures property.

The Company also announces that it will be implementing an exploration program on these properties in the Reed Lake area of Manitoba following closing. A proposed VTEM survey consisting of 3,000 line kilometers at 100 metre spacing is being commissioned.

Derrick Strickland P.Geo. and Vice-President of Exploration stated, "The first step is to fly the property and then interpret the data prior to a drill program commencing."

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ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's ability to close the Letter of Intent Agreement. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) inability to obtain all necessary environmental and regulatory approvals, (9) an increase in the number of competitors with larger resources, (10) other factors beyond the Company's control; and (11) the failure of the Letter Agreement to close for any reason. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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