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Seven additional holes drilled at the newly discovered Grata prospect in Ivory Coast confirm strike and down-dip continuity of nickel-copper-palladium mineralization.

Exploration Programs

NR 2023-04

Seven additional holes drilled at the newly discovered Grata prospect in

Ivory Coast confirm strike and down-dip continuity

of nickel-copper-palladium mineralization.

Highlights:

• Hole GR-30 intersected a total of 224 metres of mineralisation including 30.5 metres

grading 0.45% nickel, 0.42% copper and 0.34gpt palladium in addition to a further

32.0 metres grading 0.33% nickel, 0.42% copper and 0.27gpt palladium . Semi-

massive sulphide lenses returning nickel grades of 1.20 % and 2.07% are present.

Hole GR-30 also intersected 2 4.0 metres grading 1. 57% nickel as oxide material

(saprolite).

• Hole GR-27 intersected 193 metres of mineralisation including 3.45 metres grading

0.63% nickel and 2.96% copper.

• Hole GR-40 intersected 106 metres of mineralisation including 83.9 metres grading

0.29% nickel, 0.33% copper and 0.27gpt palladium.

Montréal, Quebec, Feb, 07, 2023 – Sama Resources Inc. (“Sama” or the “Company”) (TSX -V: SME

OTC-PK: SAMMF) is pleased to announce assay results for seven additional drill holes from the 2021-

22 drilling campaign at the Grata nickel-copper prospect. The assay results for holes GR-27, GR-30, GR-

33-34 and GR-39 to 41 at Grata are summarized in this release (Table 1). Assays results for one hole

drilled at the Grata deposit are pending.

“Today’s highlighted intersections from the 2021 -22 diamond drill program confirm mineralisation on

strike and down dip within the Grata prospect within the newly discovered ultramafic feeder. ” stated Dr.

Marc-Antoine Audet, President & CEO of Sama Resources Inc. Dr. Audet added “Less than two years

after the discovery hole GR -03, we are please to provide the summ ary of mineralised intersections for

holes drilled at the Grata prospect. We are confident that Grata will contribute significantly to the global

mineral inventory for the Samapleu-Grata cluster of deposits.”

Sama’s Ivorian project is comprised of five exploration permits covering 850 square kilomet res. More

than twenty targets were outlined from geophysical surveys , out of which only three zones have been

explored (Figure 1).

Assays results for seven holes (GR-27, GR-30, GR-33-34 and GR-39-41) are presented in Table 1. All

measurements are core lengths and may not represent true geological widths. Figure 2 provides the

locations of these seven holes.

Grata: Latest discovery in the Yacouba Ultramafic-Mafic (“UM”) Intrusive Complex

In September 2021, Sama announced the Grata discovery located 5 kilometres east of the Samapleu

deposit (Figure 1). This release discloses results for seven holes and also presents the summary results

for all holes drilled at Grata in the 2021-22 drilling campaign (Table 2).

Hole GR-27 returned 193 metres (“m”) grading 0.26% nickel (“Ni”), 0.21% copper (“Cu”) and 0.37gram

per ton (“gpt”) palladium (“Pd”) including 3.45 m grading 0.63% Ni, 2.96% Cu and 0.78gpt Pd.

Hole GR-30 intersected a total of 224 m of mineralised material including 30.5 m grading 0.45% Ni, 0.42%

Cu and 0.34gpt Pd and 32.0 m grading 0.33% Ni, 0.42% Cu and 0.27gpt Pd. There are numerous zones

of semi -massive sulphide lenses returning grades of 1.20 % Ni and 2.07% Ni. Hole GR -30 also

intersected 24.0 m of mineralised saprolite (part of the lateritic weathered profile) from 27.9 m down to

54.9 m grading 1.57% Ni.

Hole GR-40 drilled to test the north-west (“NW”) extension of the Grata mafic-ultramafic feeder along the

same section as holes GR -06 to 06D and GR -12 (Figure 5) intersected 106 m grading 0.28% Ni and

0.29% Cu.

Sama drilled a total of 85 holes totalling 26,787 m at the Ivory Coast project in 2021-22, including 45 drill

holes totalling 14,893 m at the Grata prospect and 21 holes for 5,643 m at the Samapleu deposit

(“Samapleu”).

The mineralisation at Grata is similar in composition to the Samapleu deposit but shows a higher

proportion of chalcopyrite. Metallurgical studies are ongoing using Grata and Samapleu material (Ref:

PR 2023-02 January 17, 2023).

Sama’s goal is to increase mineral resources at Samapleu and Grata as well as to search for massive

sulphide veins and lenses that could have accumulate d at depth in traps and embayments along the

feeder system of the Yacouba UM Intrusive Complex.

Table 1: Results for GR-27, GR-30, GR-33-34 and GR-39 to 41, using a cut-of-grade of 0.1% nickel.

Sequence Hole Length From Length Ni Cu Co Pd Pt Au

m m m % % % gpt gpt gpt

GR-27 335.50 29.00 193.20 0.26 0.21 0.01 0.37 0.14 0.05

includes 1.45 0.51 0.33 0.02 0.66 0.13 0.03

includes 1.50 0.68 0.40 0.03 0.75 0.10 0.05

includes 0.70 0.70 0.50 0.03 1.13 0.43 0.04

includes 0.80 0.70 0.48 0.03 0.74 0.14 0.03

includes 3.45 0.63 2.96 0.03 0.78 0.09 0.09

includes 0.60 0.87 0.31 0.04 0.80 0.08 0.04

includes 0.80 0.56 0.53 0.02 0.85 0.16 0.10

GR-30 489.20 27.90 24.00 1.57 0.02 0.04 0.01 0.01 0.01

54.90 39.70 0.24 0.00 0.00 0.01 0.01 0.00

127.25 63.35 0.34 0.28 0.02 0.41 0.11 0.04

includes 0.95 0.76 1.40 0.03 1.10 0.09 0.02

includes 0.65 2.07 0.92 0.07 1.92 0.22 0.05

includes 0.65 1.20 0.22 0.04 1.34 0.69 0.02

includes 1.35 0.51 0.31 0.02 0.85 0.35 0.03

includes 5.70 0.75 0.74 0.03 0.77 0.22 0.03

includes 4.05 0.68 0.69 0.03 0.82 0.09 0.05

283.00 30.50 0.45 0.42 0.02 0.34 0.10 0.04

357.55 32.05 0.33 0.42 0.02 0.27 0.11 0.05

includes 5.00 0.62 0.80 0.03 0.46 0.10 0.08

includes 6.60 0.74 0.51 0.03 0.50 0.11 0.03

includes 0.95 0.59 0.46 0.03 0.40 0.07 0.02

includes 1.50 0.50 0.35 0.02 0.34 0.26 0.02

includes 6.40 0.54 0.72 0.02 0.39 0.10 0.05

includes 0.75 0.54 0.74 0.03 0.59 0.10 0.19

396.50 57.20 0.15 0.05 0.01 0.16 0.05 0.01

456.50 1.50 0.23 0.07 0.01 0.18 0.04 0.02

GR-33 351.40 42.10 23.40 0.41 0.00 0.02 0.00 0.00 0.00

includes 5.40 0.67 0.00 0.02 0.00 0.00 0.00

70.00 28.70 0.30 0.03 0.01 0.10 0.03 0.01

includes 1.50 0.53 0.19 0.02 0.31 0.07 0.03

129.80 49.30 0.27 0.30 0.02 0.40 0.11 0.06

includes 0.60 1.16 3.98 0.04 2.66 0.08 0.18

includes 1.20 0.77 1.01 0.03 1.20 0.13 0.43

182.00 55.90 0.25 0.42 0.01 0.39 0.13 0.06

includes 0.65 0.79 1.27 0.04 0.91 0.08 0.03

includes 2.80 0.95 1.73 0.04 1.01 0.24 0.09

includes 0.60 0.86 0.71 0.03 0.79 0.06 0.02

241.20 11.70 0.28 0.87 0.01 0.42 0.14 0.07

includes 0.70 0.66 1.27 0.03 0.75 0.11 0.04

includes 0.85 1.19 1.70 0.05 1.68 0.28 0.03

258.90 0.70 0.79 0.47 0.03 0.91 0.05 0.03

267.00 10.50 0.43 0.43 0.02 0.79 0.10 0.05

includes 2.10 1.22 1.38 0.05 2.33 0.10 0.10

288.00 8.80 0.41 0.41 0.02 0.66 0.13 0.02

includes 4.30 0.53 0.59 0.02 0.87 0.20 0.03

304.00 37.45 0.27 0.32 0.01 0.39 0.22 0.08

includes 0.75 0.67 0.36 0.03 0.67 0.11 0.05

GR-34 274.95 87.60 6.15 0.29 0.43 0.01 0.49 0.07 0.07

includes 0.60 0.73 0.85 0.03 1.26 0.08 0.26

97.70 27.55 0.27 0.26 0.01 0.32 0.06 0.04

includes 0.90 0.81 0.61 0.04 1.21 0.05 0.03

Table 1: continued

GR-37 356.55 pending

GR-39 224.60 25.75 3.45 0.19 0.06 0.01 0.08 0.10 0.03

32.20 7.50 0.17 0.03 0.01 0.05 0.04 0.02

48.70 15.05 0.10 0.02 0.01 0.03 0.02 0.01

96.00 81.60 0.20 0.18 0.01 0.29 0.11 0.05

includes 1.50 0.51 1.00 0.02 0.75 0.16 0.08

GR-40 209.55 13.40 10.40 0.28 0.22 0.01 0.07 0.05 0.02

includes 1.50 0.62 0.50 0.01 0.07 0.03 0.02

29.80 10.50 0.16 0.03 0.01 0.02 0.03 0.01

53.50 83.90 0.29 0.33 0.02 0.27 0.10 0.05

includes 1.05 0.55 0.33 0.03 0.37 0.10 0.03

includes 1.20 0.54 0.74 0.03 0.22 0.07 0.09

includes 3.05 0.61 0.58 0.03 0.45 0.09 0.05

141.55 1.30 0.43 0.24 0.02 0.61 0.15 0.04

includes 0.65 0.60 0.26 0.02 0.72 0.12 0.04

includes 1.50 0.51 1.00 0.02 0.75 0.16 0.08

GR-41 375.00 250.00 13.30 0.14 0.02 0.01 0.04 0.02 0.00

265.70 6.60 0.11 0.09 0.01 0.08 0.03 0.01

289.50 34.50 0.29 0.26 0.02 0.32 0.11 0.04

Figure 1: Samapleu project showing the Samapleu deposits and the Grata prospect (blue circles)

together with target areas for detailed exploration (red circles). Conductivity from airborne surveys (2013

& 2018) is shown in the background.

Figure 2: The Grata prospect is located five kilometres east of the Samapleu deposits. C urrent and

historic drilling are presented together with the seven holes reported in this press release.

Figure 3: Grata prospect, vertical section NW-SE showing holes GR-30 and GR-34.

NW SE

Figure 4: Grata prospect, vertical section NW-SE showing holes GR-27 and GR-33.

Figure 5: Grata prospect, vertical section NW-SE showing hole GR-40.

NW SE