NEWS

2007

Formal Purchase Agreement To Acquire 50% Interest Of Reed Lake Claims, Manitoba

Vancouver, B.C. International Samuel Exploration Corp. (the “Company”) further to the Company’s news releases on October 15, 2007 and October 23, 2007, the acquisition of a 50% ownership interest in and to the eight Mineral Licenses will be from Dalton DuPasquier and New Cantech Ventures Inc. Mr. DuPasquier has confirmed that each of Mr. DuPasquier and New Cantech own a 50% ownership interest in and to all of these Mineral Licenses. The parties are in the process of finalizing a formal purchase agreement to replace and supersede the prior letter agreements relating to the acquisition of these Mineral Licenses. Completion of the transaction is subject to certain conditions including, without limitation, due diligence, completion of a $700,000 financing and acceptance of the TSX Venture Exchange. The Company expects that completion will occur within the next 30 days following execution of the formal purchase agreement and satisfaction of the closing conditions.

The Company announces the granting of incentive stock options entitling the holders thereof to purchase up to 2,125,000 common shares of the Company at an exercise price of $0.20 per share for a period of two years.

On behalf of the Board of Directors

Conrad Swanson
President

For further information, please contact:
Doug Kerr
International Samuel Exploration Corp.
Telephone: 604-718-5454
Toll Free: 888-500-4587

Email: doug@internationalsamuel.com
Web: http://www.internationalsamuel.com

Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s ability to close the Letter of Intent Agreement. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) inability to obtain all necessary environmental and regulatory approvals, (9) an increase in the number of competitors with larger resources, (10) other factors beyond the Company’s control; and (11) the failure of the Letter Agreement to close for any reason. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s MD&A filed with Canadian security regulators.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.