S A M E X M I N I N G C O R
 | S A M E X M I N I N G C O R P. |
301 - 32920 Ventura Avenue Abbotsford, BC V2S 6J3 CANADA TEL: (604) 870-9920 FAX: (604) 870-9930 TOLL FREE: 1-800-828-1488 E-MAIL: 2samex@samex.com WEB SITE: www.samex.com |
BC FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1:
Name and Address of Company
SAMEX Mining Corp.
#301 32920 Ventura Avenue
Abbotsford, BC V2S 6J3
Telephone: (604) 870-9920 Toll Free: 800 828-1488 Fax: (604) 870-9930
Item 2:
Date of Material Change
October 2, 2012
Item 3:
News Release
A news release regarding the material change was issued by SAMEX Mining Corp., in Abbotsford, BC on October 2, 2012 and was disseminated through the wire services of Marketwire.
Item 4:
Summary of Material Change
SAMEX Mining Corp. held its annual general meeting in Abbotsford, BC on October 1, 2012. The shareholders passed an ordinary resolution at the meeting to determine the number of directors of the Company at six (6) and the following were elected as directors of the Company for the ensuing year:
Jeffrey Dahl - President & CEO
Sasan Sadeghpour - Chairman of the Board
Larry McLean - Vice President Operations and CFO
Robert Kell - Vice President Exploration
Allen Leschert
Malcolm Fraser
At the annual meeting, shareholders passed an ordinary resolution approving the Company’s “rolling” Stock Option Plan. After the meeting, directors Sasan Sadeghpour, Allen Leschert, Malcolm Fraser and Larry McLean were appointed as members of the Audit Committee and the Compensation Committee. Brenda L. McLean was appointed as Corporate Secretary of the Company.
Item 5:
Full Description of Material Change
SAMEX ANNUAL GENERAL MEETING
SAMEX Mining Corp. held its annual general meeting in Abbotsford, BC on October 1, 2012. The shareholders passed an ordinary resolution at the meeting to determine the number of directors of the Company at six (6) and the following were elected as directors of the Company for the ensuing year:
Jeffrey Dahl - President & CEO
Sasan Sadeghpour - Chairman of the Board
Larry McLean - Vice President Operations and CFO
Robert Kell - Vice President Exploration
Allen Leschert
Malcolm Fraser
"All resolutions and elections at the annual meeting were approved by greater than 99% of the votes cast" said Jeffrey Dahl, President and CEO. "It's encouraging to see such unity and focus in moving SAMEX forward in the interests of all shareholders".
The Company is well-funded and plans to advance exploration on several projects in Chile including:
continued compilation and evaluation of exploration results at the Los Zorros Property.
drilling at the Company's Chimberos silver, gold, copper prospect (more details will be announced prior to commencement of the drill program).
additional drilling in the Providencia area that comprises part of the Company's INCA Property.
At the annual meeting, shareholders passed an ordinary resolution approving the Company’s “rolling” Stock Option Plan. After the meeting, directors Sasan Sadeghpour, Allen Leschert, Malcolm Fraser and Larry McLean were appointed as members of the Audit Committee and the Compensation Committee. Brenda L. McLean was appointed as Corporate Secretary of the Company.
Item 6:
Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102
This report is not being made on a confidential basis.
Item 7:
Omitted Information
There is no omitted information.
Item 8:
Executive Officer
To facilitate any necessary follow-up by the Commission, please contact Larry McLean Director of the Issuer at (604) 870-9920 or toll free at 800 828-1488, who is knowledgeable about the material change.
Item 9:
Date of Report
Dated at Abbotsford, British Columbia, the 2nd day of October, 2012.
“Larry D. McLean”
Director