International Samuel Exploration Corp.
TSX VENTURE : SAZ

International Samuel Exploration Corp.

March 18, 2008 11:09 ET

International Samuel Exploration Corp.: Reed Lake VTEM 3,052 Line Kilometres Survey Commenced

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 18, 2008) - International Samuel Exploration Corp. (TSX VENTURE:SAZ) ("Samuel") and Canasia Industries Corp. have received notification that Geotech Ltd. has commenced 3,052 line kilometres of the VTEM survey on their jointly held Reed Lake property located in the Flin Flon district of Manitoba.

The VTEM survey was increased to 3,052 line kilometres from the original 2,830 line kilometres, to include an additional 222 line kilometres covering the staked claims immediately to the north of the VMS discovery. All flying will be flown at 100-metre line spacing.

The Geotech VTEM survey is considered one of the airborne survey industry's best deep-penetrating electromagnetic and magnetic systems. The VTEM airborne magnetic and electromagnetic components have been successful used in outlining structures, favourable geology, zones of conductivity, magnetic zones and zones of alteration, some of which are coincident with areas of known mineralization. This type of geophysical survey is useful in advancing the property to the drill-ready stage.

Conrad Swanson, President of Samuel, the operator of the Reed Lake Joint Venture, stated that "the area to the south and west of the VMS discovery is covered by limestone and was never pursued. The new geophysical tools available today like the VTEM system allows for conductors, once hidden under limestone, to be identified. This new tool gives us a competitive advantage."

Samuel also announces the granting of incentive stock options to Samuel's Corporate Communications Manager entitling the holder thereof to purchase up to 300,000 common shares of the company at an exercise price of $0.15 cents per share for a period of two years with vesting over a 4 month period.

Derrick Strickland P.Geo., the qualified person under 43-101 has approved the technical content of this news release

On Behalf of the Board of Directors

Conrad Swanson, President

Contact Information

  • International Samuel Exploration Corp.
    Bill Campbell
    (604) 718-5454 or Toll Free: 1-888-500-4587