SAX Icon Exploration, Inc.

Samaranta Mining Corporation (TSX VENTURE:SAX) (the "Company") announces the
completion of the merger by way of plan of arrangement (the "Arrangement") of
Legion Resources Corp. ("Legion") and Samaranta Mining Corporation ("SMC").
Effective May 20, 2011, the "new" Samaranta Mining Corporation will begin
trading on the TSX Venture Exchange as a Tier 2 Mining Issuer under the trading
symbol "SAX".


Pursuant to the Arrangement, holders of Legion shares received one share of the
Company for every four Legion shares held, and holders of SMC shares received
one share of the Company for every 6.5 SMC shares held. 


Concurrent with the completion of the Arrangement, the Company also completed
its brokered financing of 10,000,000 units of the Company at $0.35/unit (the
"Concurrent Financing"). Each unit was comprised of one common share of the
Company and one-half of a common share purchase warrant. Each whole warrant is
exercisable into one common share until May 20, 2013 at a price of $0.50/share,
subject to forced acceleration in the event the Company's shares close at a
price of $0.70/share for any 10 consecutive trading days between the date that
is four (4) months and one day from the date of issuance of the warrants and
their expiry date. 


Canaccord Genuity Corp. (the "Agent") acted as agent with respect to the
Concurrent Financing. In connection with the Concurrent Financing, the Company
paid the Agent a cash commission equal to 8% of the proceeds raised and a
corporate finance fee and issued to the Agent an aggregate of 800,000 share
purchase warrants, each being exercisable into one common share of the Company
until May 20, 2013 at a price of $0.50/share.


All securities issued in relation to the Concurrent Financing are subject to a
four month hold period expiring September 21, 2011.


The board of directors of the Company is comprised of Messrs. Volkmar Hable,
Robert McMorran, Gunther Roehlig and James Walchuk. Dr. Volkmar Hable has been
appointed as the President and Chief Executive Officer of the Company; Ms.
Sharon Muzzin has been appointed as the Chief Financial Officer of the Company
and Mr. James Harris has been appointed as the Corporate Secretary of the
Company.


The Company is a resource exploration and development company that currently is
actively exploring for gold and other precious metals primarily in Colombia. The
Company's principal property is the Guadalupe Property located in Colombia. The
Guadalupe property is located contiguous with the Frontino Gold Mine which has
been in production for over 150 years. An NI 43-101 Report with respect to the
Guadalupe property can be found with the Company's public filings on
www.SEDAR.com. 


ON BEHALF OF THE BOARD

SAMARANTA MINING CORPORATION

Robert McMorran, Director

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