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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG -- Ignore unavailable to you. Want to Upgrade?

To: Travbfree who wrote (421)	3/29/2000 12:23:00 AM
From: Travbfree	Respond to of 539

Here's news... This News Release is intended to give our shareholders a brief update of the Company?s overall objectives and activities, which are designed to maximize the growth of shareholder value. As is obvious to all, the bear market in precious metals and the mining sector has been deeper, longer and more severe than most expected. Over the past year many of our competitors, struggling to continue exploration programs, have opted to embrace the dot.com phenomenon by using their corporate structures as shells for technology and Internet related companies to become publicly traded entities. This shift in investment sentiment has had a two pronged effect on the Company. On the negative side, it has made financing capital more difficult to secure while, on the positive side, it has given rise to greater opportunities for success due to the abundance of quality (even advanced) under-valued properties now available for acquisition with substantially reduced terms. SAMEX management evaluated this situation last fall and decided that the best way to capitalize on these realities was to aggressively increase our exploration/acquisition activities within the mineral-rich Cordillera of Bolivia, Chile and Argentina. This region remains one of the most prosperous, prolific mining belts in the world. It also enjoys a very favorable political,legal, environmental atmosphere along with an efficient operating infrastructure. Designed to augment and complement SAMEX?s current portfolio of exploration properties, project visits and evaluations began in November 1999 with a focus on smaller size, lower risk opportunities that could be advanced to commercial production quickly. The distinct, detailed nature of this growth strategy is proprietary but its results should become evident over the ensuing months as accomplishments are announced. Management is enthusiastic that this approach may add significant value to the Company despite the current challenging conditions within which it must operate. SAMEX remains motivated by a strong conviction that gold and silver are precious and along with other metals (base) will continue to be valuable, sought-after commodities in the years to come. Although the forces of the typical business cycle are difficult to anticipate or forecast, we believe the worst of the bear market is over and that explorers and producers of raw materials throughout the world will again be recognized and valued for their unique contribution to the overall economy. With a diversity of projects, SAMEX is well positioned to benefit from up-trends in the precious and base metal markets and renewed investor interest. Jeffrey P. Dahl Vice Chairman