Option Agreement
INTERNATIONAL SAMUEL EXPLORATION CORP.
Suite 888, 700 West Georgia Street.
Vancouver, British Columbia V7Y 1G5 Tel: (604) 718-5454; Fax: (604) 646-2054
February 22, 2011
News Release
Option Agreement
International Samuel Exploration Corp. (ISS: TSX-V) (the “Company”) is pleased to report that it has entered into an option agreement to acquire a 100% interest in the Wolverine Copper/Gold Property, in North-Central British Columbia.
The 16,500 hectare property lies on the western edge of the Omineca Belt immediately south of the junction of the Pitman and Frog rivers, some 100 kilometres north-northwest of North Gate’s Kemess Mine.
Numerous copper occurrences have been reported throughout the property, with the highest reported value grading 10.81 % copper from the TK43 showing. Within a 3.5 kilometre radius of the fore mentioned showing, some 100 historic stream silt samples returned an average of 650 ppm copper, suggesting the potential for a large scale mineralized system as shown below.
Copper Silt Samples
The company is excited about the potential for both base and precious metal potential in this relatively unexplored region.
The 2011 exploration program with consist of a property wide airborne geophysical survey to commence early June, followed by regional mapping/sampling program. Detailed mapping and geochemical surveys are planned for a number of predefined targets, along with targets generated from the airborne geophysical survey.
The Company is purchasing a 100% right, title and interest in the Wolverine Copper/Gold property, for a total of $70,000, and the issuance of 1,000,000 common shares (staged over a three year period).
The Vendor with retain a 1% net smelter return royalty (“NSR”). The company shall retain the right to purchase an additional 0.5% portion of the NSR from the Vendor by payment of Cdn. $1,000,000.
The transaction is subject to the acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
INTERNATIONAL SAMUEL EXPLORATION CORP.
Conrad Swanson, President
For further information, please contact: [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.