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2007

Warrants Exercised / Appointment to the Board of Directors


July 3, 2007

The Board of Directors wish to report that warrantholders holding an aggregate of 6.0 million warrants opted to exercise their warrants early in exchange for flow-through shares which qualify as “flow-through shares” (as defined in subsection 66(15) of the Income Tax Act (Canada). The balance of the unexercised warrants will remain subject to the terms and conditions of the original warrants issued June 30, 2006 such that one warrant will be exchangeable into one non-flow-through common share at an exercise price of $0.15 per share at any time until the close of business June 30, 2008.

In addition, the Board of Directors is pleased to report that Mr. Kinder Deo has been appointed to the Board of Directors. Mr. Deo holds a Bachelor of Technology degree in Physics, from the University of Bradford (UK), and a Master’s Degree in Business Administration, from City University, Washington. Mr. Deo has 30 years of experience in Information Technology (IT) within government and private industry. He started in the IT industry as a Procedural Analyst in 1977 and is presently employed as a Technical Projects Manager, by the British Columbia Liquor Control Branch. Mr. Deo is experienced in financial systems and supply chain and understands audit controls that need to be included for business reporting. He is also is a Session Instructor at Douglas College, where he teaches a university transfer course in Systems Analysis.

The Company has granted directors and employee stock options entitling the holders thereof to purchase up to an aggregate of 1,053,584 shares of the Company at $0.15 per share for a period of two years.

On behalf of International Samuel Exploration Corp.

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

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

Safe Harbour Statement: The Company relies upon litigation protection for “forward-looking statements.” The Company undertakes no obligation to update these forward- looking statements in the managements beliefs, estimates obligations or other factors should change.

© 2010 International Samuel Exploration Corp.
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