Samaranta Mining Corporation

Samaranta Mining Corporation

September 21, 2011 10:00 ET

Samaranta Acquires 80% Interest in Guinea, West Africa Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2011) - Samaranta Mining Corporation (TSX VENTURE:SAX) ("Samaranta") announces it has acquired an 80% interest in the 14,300 hectare Siguiri property which lies within the prolific Birimian Greenstone Belt in Guinea, West Africa (the "Siguiri Property"). This interest is held through its wholly-owned Guinean subsidiary, Guinean Global Resources SA ("GGR").

The vendor has reported that the Property has had previous work completed on it consisting of geochemical sampling, and test pits up to several meters in depth. Samaranta is in the process of obtaining detailed assays for this sampling. The Property enjoys ease of access, is situated on the border between Mali and Guinea, and can be reached within approximately 2.5 hours by car from Mali's international airport at Bamako.

Mineralization in the Paleoproterozoic Birimian rocks consists of turbidite and lesser volcanicalstic sequences and is structurally controlled and occurs as sheeted veins or within shear zones. Weathering occurs to depths of 100 metres with two types of oxide mineralization being present: elluvioal or alluvial-hosted laterite mineralization and primary quartz vein related or shear hosted mineralization. The laterite mineralization occurs as aprons of colluvial or paleo-channels of lateritic gravel adjacent to or immediately above the in situ vein-related or shear hosted mineralization. The in situ mineralization occurs as either sheeted veins or associated shear zones with the best mineralization occurring at the intersection of the two. Shear Zones are generally north south with mineralization associated with silicification, brecciation and quartz-albite-pyrite veining. The vein related mineralization occurs as north-east / south-west to east west striking discontinuous sheeted veins with the better mineralization associated with vein stockworks in coarser brittle siltstones and sandstones.

More importantly the Property is south and east of AngloGold Ashanti's Siguiri Mine ("AGA's Siguiri Mine"). The AGA's Siguiri Mine is located in north-east Guinea approximately 850 km from the capital city of Conakry. AngloGold Ashanti reported that the AGA Siguiri Mine contained reserves of 106.5 million tonnes grading 0.70 g/t containing 2.38 million ounces of gold; a measured and indicated resource of 38.5 million tonnes grading 0.78 g/t containing 0.98 million ounces of gold; and an inferred resource of a further 77.8 million tonnes grading 0.85 g/t containing 2.13 million ounces of gold has also been defined.

The potential for the Siguiri Property to host mineralization is very good given that the strike projections of the AGA Siguiri Mine shear zones and veins trend toward the Siguiri Property.

"High quality gold properties such as the Siguiri Property do not often come available," stated Volkmar Hable, president and CEO of Samaranta. "Our core focus continues to be the development of our Colombian gold assets, but the Siguiri Property provided us an exceptional opportunity we could not decline."

About Samaranta:

Samaranta is focussed primarily on gold exploration opportunities in Colombia. Its key asset is the Guadalupe property that is strategically located on the northern boundary of the Frontino Gold Mine ("FGM"). FGM has been in production since about 1852 with recorded production totaling about 4.6 million ounces. Both Guadalupe and FGM are underlain primarily by the same granodioritic rocks of the Segovia batholith. The Segovia Gold Belt is a region of granodioritic rocks measuring approximately 300 km in length by up to 75 km in width defined by a strong fault zone system trending approximately north-south. Gold mineralization within this belt is primarily associated with quartz veins and narrow vein swarms that are spatially related to the major north to northeast trending fault structures.

Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.


Volkmar Hable, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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