SAMEX Mining Corp. (TSX VENTURE:SXG)(OTCQB:SMXMF) ("SAMEX" or the "Company"). As
reported by the Company in News Release No. 7-13 dated August 21, 2013, the
Company consulted with several geological advisors and determined that the most
recently received drill assays from the Company's El Gringo project did not
improve from the results announced on May 30, 2013. Irrespective of these
efforts, the Company no longer had the capacity to continue independent
exploration at its El Gringo Project and management made the decision to halt
exploration and explore strategic alternatives.


Despite management's efforts, to date, the Company has not been able to identify
a suitable strategic alternative. Present Company operations will immediately
cease, and the board and senior management have announced their intentions to
resign. For the time being, SAMEX continues to be a reporting issuer and remains
in good corporate standing under the BC Business Corporations Act, and has no
material debts or liabilities at the parent level. It remains open to the
shareholders or any other interested party, in consultation with their own
professional advisers, to take the steps necessary to assume control of SAMEX.




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RESIGNING DIRECTORS AND INTERIM OFFICERS                   
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Name              Office                                   
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Sasan Sadeghpour  Director, Interim Chief Executive Officer
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Larry McLean      Interim Chief Financial Officer          
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Brenda McLean     Interim Corporate Secretary              
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James Pappas      Director                                 
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Travis Cocke      Director                                 
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Patrick Cahill    Director                                 
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"I want to thank the other directors and interim management for their time and
effort during these past several months, as well as the numerous industry
experts who advised us along the way. We recruited a geological team with vastly
more South American experience than the prior one, as well as a successful
history of leading and participating in multiple resource discoveries.
Furthermore, we significantly slashed overall executive pay and abolished
executive bonus payout policies practiced by the prior team in order to allocate
as much of the remaining cash possible towards drilling. As the largest
controlling shareholder on record, I am confident that we did our best to
maximize the odds of making an ore discovery for the Company," concludes Sasan
Sadeghpour.


This News Release includes certain "forward-looking statements" within the
meaning of Canadian securities laws. Without limitation, statements regarding
future prospects of the Company, and future plans and objectives of the Company
are forward-looking statements that involve various risks, and include the
statements above regarding the Company's lack of resources to carry on and the
cessation of the Company's business. Actual results could differ materially from
those projected as a result of the following factors, among others: risks
inherent in mineral exploration and grade of ore mined; risks associated with
development, construction and mining operations; the uncertainty of future
profitability, uncertainty of access to additional capital and general economic,
market or business conditions. Except as may be required by law, SAMEX
undertakes no obligation to revise or update any forward-looking information as
a result of new information, future events, or otherwise after the date hereof.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SAMEX Mining Corp.
Sasan Sadeghpour
(713) 956-5200, extension 102
2samex@samex.com
www.samex.com
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