SAX Icon Exploration, Inc.

Samaranta Mining Corporation. (TSX VENTURE:SAX) announces that a 13.5 line
kilometer IP survey has been completed on its Guadalupe property in Segovia
District of Colombia. SJV Geophysics of Delta, BC was contracted to run the
survey to cover two discreet target areas. The survey was undertaken on East -
West lines to best intersect regional N20E to N30E structural trends that host
high-grade vein mineralization that has been the focus of historic mining on
contiguous claims. 


The IP survey is intended to add further detail to December 2011 geological -
geophysical compilation report that generally identified the most prospective
drill targets. More recently, soil samples taken from the trench walls of test
pits in select target areas returned anomalous gold-lead-zinc values from ten of
twenty pits sampled. Given the limited outcrop in the general Segovia area the
tightly spaced 3D IP survey was designed to help more precisely locate
subsurface mineralized structures, that if successful, will allow for more
precise drill collar locations and drill hole azimuths. 


Target Area 2

The southernmost grid covered what is referred to as Target Area 2 and includes
the projected extensions of the Cristales and San Nicholas vein structures, both
of which were the subject of historic mining efforts. Gold mineralization at San
Nicholas and Cristales is reported to be associated with variable concentrations
of pyrite-galena-sphalerite and these veins are reported to strike N20E to N30E
and dip 30 degrees to the East(1). Given the orientation of the veins relative
to the survey lines and the tenure of mineralization, the projected extensions
of the Cristales and San Nicholas veins are likely to be detectable by the IP
survey provided the mineralized veins are not too far below surface. Also in the
Target 2 Area, an extensive area of hydrothermal alteration has been identified
that will also be covered by the IP survey. Here, the objective is to identify
any conductors that may represent concentrations of pyrite or other sulphides
below the alteration zone. Four lines of 1.8 km in length plus a fifth of
approximately 1 kilometer have been completed in the Target 2 area.


Middle Target Area

Approximately one kilometer north of the Target 2 area interpretation of the
2011 magnetic-radiometric airborne survey identified a target area associated
with intrusive rocks known to host gold mineralization elsewhere in the Segovia
area. In addition if the projections of the San Nicholas and Cristales vein
structures continue along the projected trends they would pass through this
middle target area. Three lines of approximately 1.25 kilometer and two shorter
lines have been completed in this middle area.


With the field survey now completed, the data is now being processed and a
report detailing the survey findings is expected in about 30 days time.


"While the compilation of prior exploration activities had provided some
compelling drill targets, the successful completion the 3D IP over the strongest
targets should provide the final details of the target definition allowing us to
best orient the drill holes and increase the probability of drilling success,"
stated Volkmar Hable, President of Samaranta. 


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


(1) NI 43-101 Technical Report Frontino Gold Mines Ltd. Antioquia Colombia, June
9, 2010 Scot E. Wilson C.P.G. 


SAMARANTA MINING CORPORATION

Volkmar Hable, President

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