NEWS

2006

International Samuel Announces Brokered Private Placement

*NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES*

Vancouver, British Columbia, May12, 2006. International Samuel Exploration Corp. (the “Company”) announced today that it has appointed Canaccord Capital Corporation (the “Agent”) as its agent, on a commercially reasonable efforts basis, for a private placement offering of up to $1,500,000 of units of the Company at a purchase price of $0.15 per unit (10,000,000 units in total). In addition, the Agent has been granted the option to increase the offering size by up to $300,000 of additional units (2,000,000 units in total) on the same terms as the offering. If this option is exercised in full, the total gross proceeds to the Company from the offering would be $1,800,000.

Each unit will consist of one common share of the Company to be issued on a flow-through basis in accordance with the Income Tax Act (Canada) and one half of one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire, at any time within 24 months from the closing of the offering, one non-flow-through common share of the Company at a price of $0.20 per share.

Proceeds from the private placement will be used to finance the exploration and development of the Company’s Churchill West and Afridi Lake properties in the North West Territories.

The units, including the underlying flow-through common shares and warrants, will be subject to a four month hold period under applicable securities laws. The transaction is subject to certain conditions, including but not limited to, the receipt of all necessary regulatory and stock exchange approvals.On behalf of the Board

On behalf of International Samuel Exploration Corp.

Conrad Swanson
President

For complete information contact:

Conrad Swanson, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. This discussion includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions.