SAX Icon Exploration, Inc.

Samaranta Mining Corporation (TSX VENTURE:SAX) ("Samaranta or the "Company") has
received the results of a widely spaced soil geochemistry program covering the
entire Guadalupe property in Segovia, Colombia. Survey lines were oriented NW-SE
to best cross cut the NE-SW orientation of high-grade gold veins such including
the San Nicholas and Cristales mines, which occur approximately 50 m to the
south and 1000 m to the southwest, respectively, of the property. The purpose of
the soil survey was to geochemical characterize the underlying rock types and
determine if any lithologies were enriched in gold, or associated pathfinder
elements, and correlate them with potential mineralized structures or
lithologies.


A total of 130 soil samples were collected over the license area with a line
spacing of 500 m and a sample spacing of 500 m. The geochemical survey
identified a weak coincident Cu-Pb-Zn anomaly as defined by Cu greater than 29
ppm; Pb greater than 29 ppm and Zn greater than 46 ppm that appears to be
primarily associated with a mapped contact between a meta-argillite/metachert
(metamorphosed sedimentary unit) and felsic tuff, and also an apparent
continuation of the Cristales gold mine trend. The anomaly thresholds were
defined by samples containing metal concentrations greater than 2-sigma values.
Across the survey area metal concentrations ranged from below detection limits
to maxima of 114 ppm Cu, 222 ppm Pb, and 354 ppm Zn.


Gold concentrations within the broader Cu-Pb-Zn anomaly are somewhat sporadic.
Approximately half of the samples within the broader Cu-Pb-Zn anomaly returned
Au concentrations below detection limit; however several strongly anomalous
samples were located including values of 1,486 ppb Au. At the southern end of
the Guadalupe property three contiguous samples in an east-west orientation,
taken along what is mapped as a hornfelsed (thermally metamorphosed) contact
between metasediments and diorite comprising the main Segovia Batholith,
returned gold concentrations of 157, 1,486 and 796 ppb Au with anomalous Pb and
Zn concentrations. The contiguous anomalous gold samples occur on the sides of a
valley and could be the result of soil creep or hydrological dispersion.
Additional sampling and mapping is required to better define this strong gold
anomaly.


A 2 km long, NE-trending Pb-Cu-Zn +/- Au-soil geochemistry anomaly appears to
lie on the western flank of an Induced Polarization ("IP") chargeability anomaly
identified during a recent IP survey, and is coincident with a strong linear
airborne magnetic anomaly which appears related to vein development at the
Cristales mine. Published reports indicate the mineralized veins at both
Cristales and San Nicholas dip approximately 30 degrees to the east/southeast.
The geochemical and geophysical observations at Guadalupe are generally
consistent with the signature from a shallow southeasterly dipping vein.
Evidence suggests that mineralization will likely be confined to the underlying
diorite, and therefore drilling is required to confirm the geological model. A
compilation map is available on the Company's website www.samaranta.ca.


Ongoing exploration activity will focus on the contact between the Segovia
Batholith (diorite) and the intruded metasedimentary and metavolcaniclastic
rocks. This work will include detailed prospecting of a 1100 x 600 m area
through closed spaced soil sampling and lithogeochemical sampling. While this
work is being undertaken the Company will continue with its due diligence on the
recently announced (September 1st, 2012) Segovia Gold Tailings project. 


Technical information in this news release has been reviewed by Dr Sandy M.
Archibald, PGeo, a qualified person as defined in NI 43-101. 


SAMARANTA MINING CORPORATION

Gunther Roehlig, President

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