S A M E X M I N I N G C O R P.
301 - 32920 Ventura Ave. Abbotsford, BC V2S 6J3 CANADA |
TEL: (604) 870-9920 FAX: (604) 870-9930 TOLL FREE: 1-800-828-1488 EMAIL: 2samex@samex.com |
WEB: www.samex.com TRADING SYMBOLS: SXG - TSX Venture Exch SMXMF - OTC BB | |
NEWS RELEASE– No. 5-11
May 2, 2011
STOCK OPTIONS GRANTED
Pursuant to the Company's Stock Option Plan, SAMEX has granted options on 525,000 shares at $1.50 per share to consultants and employees of the Company, and options to directors and officers of the Company on 1,900,000 shares at a price of $1.50 per share. The options have a ten-year term that will expire May 2, 2021.
Under the Company’s “rolling” Stock Option Plan approved by shareholders and accepted by the TSX Venture Exchange, the Company may reserve up to 10% of its issued and outstanding shares for issuance (less any shares already issued under existing stock options). With the addition of these grants, the Company has approximately 9.2% of its issued and outstanding shares reserved for stock options.
“Jeffrey Dahl”
President
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.