International Samuel Increases Land Position in Golden Triangle to 27,340 Hectares by Acquiring Grizzly Porphyry Property

International Samuel Exploration Corp. is pleased to announce it has entered into an option agreement to acquire 100% of the Grizzly Porphyry Property (“Grizzly Property”) which is 2,652 hectares located in the northwestern part of British Columbia's Golden Triangle.
 
The Grizzly Porphyry Property is among the same geological trend as Evrim Resources' Ball Creek property, 88 Capital’s Hank Property, Colorado Resources’ North Rok properties, Skeena Resources GJ property, GT Gold's Tatogga property, and Imperial Metals' Red Chris mine.

According to the British Columbia Ministry of Mines database, the Grizzly mineralization is traceable for 250 metres over a width of about 15 metres, consisting of 2-5% disseminated chalcopyrite with 1 to 3% disseminated and fracture fill pyrite. Grab samples assayed up to 5.9% copper and 13.1 g/t gold. In addition, several boulders in the glacial moraine 4 kilometres north gave elevated gold, silver, and copper, including one with 4.5 g/t gold, 74.6 ppm silver and 0.9% copper.  The mineralization is associated with a 050° structure on the northwest side of Grizzly Creek, and its associated alteration zone has been traced for 390 metres along strike. Historical trenching averaged 0.87% copper and 1.51 g/t gold across 20 metres.  A historical IP survey showed a distinct chargeability anomaly up to 50 metres wide and 300 meters in length.
Since 2005, infrastructure throughout the Golden Triangle has steadily improved and several of the known porphyry copper gold prospects, including Red Chris, Galore Creek and the KSM project (Seabridge Gold), have either made production decisions or reported positive feasibility studies. The recent production decision for the Brucejack gold deposit (Pretium Resources), combined with the commencement of production at Red Chris (Imperial Metals), the recent discovery announced by GT Gold of significant gold mineralization associated with gold-in-soil anomalies at the Saddle zone and a resurgence of exploration activity, has re-established the Golden Triangle as one of British Columbia's most important mining districts.

With this acquisition, International Samuel Exploration Corp. has established a contiguous land package of 27,340 ha in the heart of the Golden Triangle, northwest of Aben Resources and south of the Hank & Antofagasta properties and surrounding GT Gold’s property.

Pursuant to the terms of the option agreement, in order to exercise the option, International Samuel will be required to issue three million common shares to the vendors (two million common shares on TSX Venture Exchange approval and an additional one million common shares by Oct. 31, 2018). In addition, on exercise, International Samuel will grant a 1% smelter return royalty. This transaction is subject to TSXV approval.

Technical disclosure in this news release has been reviewed and approved by Derrick Strickland, P. Geo., a qualified person as defined by National Instrument 43-101.
The Company has not verified the historical exploration results reported for the former Grizzly Porphyry Property as documented by the British Columbia Ministry of Mines.
On Behalf of the Board of Directors,
 
“ Conrad Swanson ”
Conrad Swanson
Chairman
 
For further information, please contact:
 
International Samuel Exploration Corp.
Telephone: 604-317-3090
 
Company website launching soon at www.internationalsamuelexploration.com
 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

We Seek Safe Harbour.
International Samuel Exploration Corp., 604-317-3090

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