International Samuel Exploration Corp.

International Samuel Exploration Corp.

October 23, 2007 12:31 ET

International Samuel Acquires More Claims in Snow Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2007) - International Samuel Exploration Corp. (TSX VENTURE:SAZ) ("International Samuel" or the "Company") announces the Company is to acquire a 50% interest in five additional mineral claims comprising of 890 hectares in the Snow Lake District in the province of Manitoba.

These claims are in addition to the proposed acquisition of a 50% interest in approximately 26,653-hectares that was announced on October 15, 2007:

The five additional mineral claims are contiguous with and directly to the north and northwest of the VMS Ventures Inc.'s discovery property (see Stockwatch Oct 4th, 2007:

These additional mineral claims were staked and recorded by Mr. Dupasquier in early October and are subject to a 30 day approval by the Manitoba Government, Department of Energy and Mines.

The purchase will form part of the acquisition announced on October 15, 2007 and is subject to the certain conditions including completion of a formal agreement and acceptance of regulatory authorities. The Company has been advised that Mr. Dupasquier has an arrangement with New Cantech Ventures Inc. to share in the proceeds of the sale of any interests in Mineral License 331A and these five additional mineral claims.

Location Map: New Snow Lake Claims

The Reed Lake volcanogenic massive sulphide mineralized zone is overlain by distinctive layers of magnetite and chert. The rocks that underlie and contain the sulphide are moderately to intensely altered felsic volcanic rocks. The Reed Lake mineralization is typical of other VMS deposits including those in the prolific Snow Lake camp and the nearby Spruce Point mine, formerly operated by HudBay Minerals.

Conrad Swanson, President, stated: "This is a major step forward for International Samuel. Making an acquisition of this significant acreage contiguous to a potential new discovery is extremely positive for the Company's management and shareholders. The plan is to initiate a full-scale program as soon as possible. When you couple this new acquisition with our ongoing activities on International Samuels diamond prospects, it is clearly an exciting period of corporate growth for Samuel in the short and long term."

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Conrad Swanson, President

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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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