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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG

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Sep 10 5:00 PM EST

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To: Donald McRobb who wrote (221)	6/18/1997 12:10:00 AM
From: Mark L.	of 539

Hi Donald; E-mailed Jamie Punt, IR person SAMEX. Q- When will 6th and final hole at Walter South be reported? A- Walter drilling is now complete. We are awaiting final assays. Q- Will an updated resource estimate be produced as promised? A- A resource estimate is pending. Q- What is the current financial situation of the company and/or cash onhand for exploration? A- Current unallocated cash approx. $500,000. Current burn rate 125,000/month. Q- Doing a financing in today's market is not good, is that why the company is going JV route at Panizos Caldera and secondly looking for Santa Isabel JV? A- The company has a philosophy that they would like to acquire property by staking cheaply and spend the first exploration dollars. If unsuccessful in identifying large ore bodies thus will then look to JV. I don't at all like the last two. Any comments, Mark.

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