2020 to keep the property in good standing. Conrad Swanson, President and Chief Executive Officer of International Samuel Exploration Corp., stated: "This is an excellent move for ISS as we can now focus our efforts on the fully permitted William s Gold
888-700 West Georgia, Vancouver, BC, V7Y 1G5
INTERNATIONAL SAMUEL EXPLORATION CORP.
December 6, 2019: Vancouver, BC Canada -International Samuel Exploration Corp. (TSX -V: ISS)
(the “Company”) announces plans to sell its 100% interest in its LGM property in order to focus its
resources on its Williams Gold Copper property . Accordingly, the Company has entered into an arm’s
length agreement with a private company pursuant to which the purchaser can acquire a 100% undivided
interest in the LGM property in consideration for $50,000 in cash payments over 90 days and the issuance
of 1 million shares of the purchaser. In certain circumstances, the Company may return the shares to the
purchaser for $100,000. The sale of the LGM prop erties takes away our obligation to spend $600,000 in
2020 to keep the property in good standing.
Conrad Swanson, President and Chief Executive Officer of International Samuel Exploration Corp., stated:
"This is an excellent move for ISS as we can now focus our efforts on the fully permitted William s Gold
Copper property”.
The Williams Gold property hosts three large exploration targets, the T-Bill prospect which is prospective
for mesothermal style gold mineralization, the GIC porphyry prospect which is prospective for porphyry
copper-gold-molybdenum style mineralization, and the expansive Gossan Zone.
The T-Bill bulk tonnage gold prospect is underlain by Devonian to-Permian metavolcanic rocks which have
been altered to carbonate -muscovite-quartz schist associated with gold mineralization. This alteration is
confined to the core of a northeasterly-trending structural dome and is controlled both by foliation and by
steep crosscutting structures. Gold-rich quartz-arsenopyrite veins, locally with visible gold, are broadly co-
spatial with the carbonate -muscovite alteration. Eleven gold veins were intersected when the bulk of the
exploration was done in the early 1980’s when there was limited access.
Hole 83-2 Interested 35.0 g/t over 2m and 7.2 g/t over 4 m
Hole 84-8 Intersected 24.8 g/t over 2 m
Hole 2010-3 Intersected 77 g/t over 2 m and19.9 g/t 1.4 m
Please go to internationalsamuelexploration.com for a complete list of historic intersections.
The Williams property is located halfway between the Red Chris Mine and Kemess North Mine. The
Williams property is on trend with the Lawyers Mines currently being explored by Benchmark Metals Inc.
(BNCH-TSXV).
The GIC porphyry prospect is north of the T-Bill prospect and occurs as a 500- by 1,400-metre copper and
gold-in-soil geochemical anomaly that partially overlaps a 600- by 1,800-metre zone of high chargeability
and moderate to high resistivity. Several Au-bearing rock samples have been taken from within the copper-
gold soil geochemical anomaly on the northern edge of the IP anomaly; five samples contained 1,280 to
4,740 parts per billion gold, with 84 to 1,045 parts per million copper. A chip sample from one of the rare
outcrops on the southern flank of the IP anomaly returned 2,200 ppm copper and 220 ppb gold across 3.73
metres.
The Gossan Zone is a zone with numerous gossans over 1.5 – 2.0 km strike length that have elevated copper
geochem values associated with a strong magnetic high . This Gossan Zone represents further untested
potential on the Williams property.
Technical disclosure in this news release has been reviewed and approved by International Samuel
Exploration Corp.’s Vice President of Exploration , Derrick Strickland P. Geo., a Qualified Person as
defined by National Instrument 43-101.
The Company also announces that TSXV has approved the consolidation of its common shares on a 10 for
1 basis. The consolidation will take effect Wednesday, December, 11, 2019. Assuming no other change
in the issued capital of the Company, it is expected that upon completion of this consolidation, the Company
will have approximately 5,082,865 common shares issued and outstanding, reduced from 50,828,653 which
are currently issued and outstanding. At the opening of trading on Wednesday, December 11, 2019, the
CUSIP number of the Company will change to 46027W507, however, the Company’s name and trading
symbol will remain the same. The Company’s outstanding options and warrants will also be adjusted on
the same basis (10 for 1) as the common shares, with proportionate adjustments being made to exercise
price. No fractional common shares will be issued, and no cash will be paid in lieu of fractional, post -
consolidation common shares, options or warrants. The number of post-consolidation common shares to be
received by a shareholder will be rounded down to the nearest whole common share (less than one-half of
a share will be cancelled and more than one -half of a share will be changed to one whole share). A letter
of transmittal will be mailed to all registered shareholders with instructions on how to exchange existing
share certificate(s) for new share certificate(s). Additional copies of the letter of transmittal can be obtained
through Computershare Investor Services Inc. Until surrendered, each certificate formerly representing
common shares of the Company will be deemed for all purposes to represent the number of common shares
to which the holder thereof is entitled as a result of the consolidation.
ON BEHALF OF THE BOARD OF DIRECTORS
“Conrad Swanson”
Conrad Swanson
Chairman
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future
performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results
to vary from those expressed or implied by such forward -looking statements. Forward -looking statements involve significant risks and
uncertainties, they should not be read as guarantees of future performance or results, and they will n ot necessarily be accurate indications of
whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number o f factors and risks.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable
assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking
statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention
or obligation to update or revise any forward -looking statements whether as a result of new information, future events or otherwise, except as
required under applicable securities regulations.