SAMEX Mining Corp.
OTC Bulletin Board : SMXMF

SAMEX Mining Corp.

March 06, 2009 16:55 ET

SAMEX Minimizes Activites in Bolivia and Focuses Exploration on Its Gold-Silver Projects in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2009) - In light of continuing political uncertainties in Bolivia, SAMEX (TSX VENTURE:SXG)(OTCBB:SMXMF) has decided to reduce a portion of its interests in the country by dropping low-priority properties. The Company will continue to maintain its interest in the Eskapa project which hosts important precious metal targets.

In addition to dropping three properties, SAMEX has also reduced its Bolivian office, staff and operating expenses to a "care and maintenance" level as the Company does not plan to conduct any exploration this year on its remaining Bolivian properties.

SAMEX exploration activities for 2009 will be focused on its high quality gold and silver projects in Chile.

Jeffrey Dahl, President

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • SAMEX Mining Corp.
    Jeffrey Dahl
    (604) 870-9920 or Toll Free: 1-800-828-1488
    (604) 870-9930 (FAX)