Sama Resources Announces Completion of Warrant Acceleration

9721012.4

TSX Venture Symbol: SME

SAMA RESOURCES INC./

RESSOURCES SAMA INC.

Suite 132, 1320 Graham

Ville Mont-Royal, Québec

Canada, H3P 3C8

NR 2018-01

SAMA RESOURCES ANNOUNCES COMPLETION

OF WARRANT ACCELERATION

MONTREAL QUEBEC January 9, 2018 – Sama Resources Inc. (“ Sama” or the " Company") (TSX

Venture Exchange: SME) today announced, further to its news release dated November 29, 2017, that

it has successfully completed the acceleration of its share purchase warrants (the “ Warrants”) issued

under the non- brokered private placement announced on April 7, 2017 . Of the 18,778,928 Warrants ,

18,776,528 were exercised at a price of $0. 20 per Warrant, for gross proceeds of $3,755,306 . The

remaining 2,400 Warrants are cancelled. The Company is well -positioned to continue its exploration

and development activities.

Dr. Marc-Antoine Audet, President and CEO, stated, “We are pleased with the strong show of support

from our shareholders through the exercise of the warrants and over $ 3.7 million in proceeds. The

additional capital will ensure the company is well funded to advance its exploration projects to the next

stage and follow-up on the encouraging results received to-date."

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa.

On October 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming

a strategic partnership with HPX TechCo Inc., for the development of its Côte d’Ivoire Nickel-Copper

and Cobalt project in Côte d’Ivoire, West-Africa. For more information about Sama, please visit Sama’s

website at http://www.samaresources.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

SAMA RESOURCES INC./RESSOURCES SAMA INC.

Dr. Marc-Antoine Audet, President and CEO

Tel: (514) 726-4158

OR

Mr. Matt Johnston, Corporate Development Advisor

Tel: (604) 443-3835

Toll Free: 1 (877) 792-6688, Ext. 5

9721012.4

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 STATEMENTS

Certain of the statements made and information contained herein are "forward- looking statements" or

“forward-looking information” within the meaning of Canadian securities legislation. Forward- looking

statements and forward- looking information are subject to a variety of risks and unc ertainties, which

could cause actual events or results to differ from those reflected in the forward- looking statements or

forward-looking information, including, without limitation, the availability of financing for activities, risks

and uncertainties rel ating to the interpretation of electrochemical characterization, drill results and the

estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits,

the possibility that future exploration, development or mining resul ts will not be consistent with the

Company's expectations, metal price fluctuations, environmental and regulatory requirements,

availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of

accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or

interruptions in exploration or development, the potential for delays in exploration or development

activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and

expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management

and other risks and uncertainties.

In addition, forward- looking statements and forward- looking information are based on various

assumptions. Should one or more of these risks and uncertainties materialize, or should underlying

assumptions prove incorrect, actual results may vary materially from those described in forward-looking

information or forward- looking statements. Accordingly, readers are advised not to place undue

reliance on forward- looking statements or forward- looking information. Except as required under

applicable securities legislation, the Company undertakes no obligation to publicly update or revise

forward-looking statements or forward- looking information, whether as a result of new information,

future events or otherwise.