Extension of Warrant Terms

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Clavis

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Extension of Warrant Terms

posted on Jan 20, 2009 12:35PM

January 20, 2009

SAMEX Mining Corp.: Extension of Warrant Terms

ABBOTSFORD, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2009) - SAMEX (TSX VENTURE:SXG)(OTCBB:SMXMF) is applying to the TSX Venture Exchange to extend the term of the following warrants for a period of two years:

Warrants for the purchase of 1,744,000 shares at $0.78 per share. These warrants were originally issued with a three year term expiring February 13, 2009, and SAMEX is making application to extend the term of the warrants for a period of two years until February 13, 2011. The exercise price of the warrants will remain at $0.78 per share.

Warrants for the purchase of 2,871,250 shares at $1.00 per share. These warrants were originally issued with a two year term expiring March 16, 2009, and SAMEX is making application to extend the term of the warrants for a period of two years until March 16, 2011. The exercise price of the warrants will remain at $1.00 per share.

Jeffrey Dahl, President

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