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2007International Samuel Acquires More Claims in Snow LakeOctober 23, 2007 Vancouver, British Columbia: International Samuel Corp. (SAZ: TSX-V) ("International Samuel" or the "Company") announces the Company is to acquire a 50% interest in five additional mineral claims comprising of 890 hectares in the Snow Lake District in the province of Manitoba. These claims are in addition to the proposed acquisition of a 50% interest in approximately 26,653-hectares that was announced on October 15, 2007. The five additional mineral claims are contiguous with and directly to the north and northwest of the VMS Ventures Inc.'s discovery property (see Stockwatch Oct 4th, 2007). These additional mineral claims were staked and recorded by Mr. Dupasquier in early October and are subject to a 30 day approval by the Manitoba Government, Department of Energy and Mines. The purchase will form part of the acquisition announced on October 15, 2007 and is subject to the certain conditions including completion of a formal agreement and acceptance of regulatory authorities. The Company has been advised that Mr. Dupasquier has an arrangement with New Cantech Ventures Inc. to share in the proceeds of the sale of any interests in Mineral License 331A and these five additional mineral claims. The Reed Lake volcanogenic massive sulphide mineralized zone is overlain by distinctive layers of magnetite and chert. The rocks that underlie and contain the sulphide are moderately to intensely altered felsic volcanic rocks. The Reed Lake mineralization is typical of other VMS deposits including those in the prolific Snow Lake camp and the nearby Spruce Point mine, formerly operated by HudBay Minerals. Conrad Swanson, President, stated: "This is a major step forward for International Samuel. Making an acquisition of this significant acreage contiguous to a potential new discovery is extremely positive for the Company’s management and shareholders. The plan is to initiate a full-scale program as soon as possible. When you couple this new acquisition with our ongoing activities on International Samuels diamond prospects, it is clearly an exciting period of corporate growth for Samuel in the short and long term." On behalf of International Samuel Exploration Corp. Conrad Swanson For further information, please contact: Email: doug@internationalsamuel.com Disclaimer for Forward-Looking Information The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. | ||||||
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