SAX Icon Exploration, Inc.

Samaranta Mining Corporation (TSX VENTURE:SAX) (or "Samaranta") announces it has
received a detailed interpretation for the recent Magnetometer and Gamma
Spectrometer (Radiometrics) survey on four separate blocks, including the
Guadalupe property, located adjacent to the northern boundary of the Frontino
Gold Mines in Antioquia, Colombia.


Samaranta Mining Corp. engaged the services of Paterson, Grant & Watson Limited
(PWG)of Toronto, ON, to interpret its 590 line kilometre aeromagnetic and
radiometric survey. The main goals of the interpretation was to: define
structures of importance in the area that might play a role in gold
mineralization, refinement of the geology (alteration) and identify of potential
target areas of interest for ground follow-up and compare this to existing
similar structures from well-known gold mineralization in the contiguous
Frontino Gold Mines.


As result of PWG detailed analysis eight areas have been identified for further
ground follow up. Two of the largest areas are described below.


Target 1: Guadalupe 1 (Guad 2, TGT 1)

This 1km by 300m target lies along a dominant NNE structure located
approximately 300m east of the San Nicolas NNE fault and is located 1.5 km NNE
of San Nicolas. The target exhibits highly anomalous K+ response and is
traversed by both WNW and ENE regional faults.


Target 2: Guadalupe 2 (Guad 1, TGT 1)

This target is located 500m NNE of the "western" San Nicolas veins and extends
for 600m along strike and 250m across strike. The target is noted for two
obliquely intersecting NNE faults within a highly altered zone. The southern
portion of the target is cross faulted by a major ENE - WSW altered shear.


Dr. Volkmar Hable President and CEO of Samaranta stated, "The interpretation of
our airborne data has exceeded my expectations. The eight areas appear to all be
geologically on trend with known and well established mines in the immediate
neighborhood. This is a large step in Samaranta's plan to generating viable
drill targets."


About Samaranta:

Samaranta's key asset is the Guadalupe property that is strategically located on
the northern boundary of the Frontino Gold Mine ("FGM"). FGM has been in
production since about 1852 with recorded production totaling about 4.6 million
ounces. Both Guadalupe and FGM are underlain primarily by the same granodioritic
rocks of the Segovia batholith. The Segovia Gold Belt is a region of
granodioritic rocks measuring approximately 300 km in length by up to 75 km in
width defined by a strong fault zone system trending approximately north-south.
Gold mineralization within this belt is primarily associated with quartz veins
and narrow vein swarms that are spatially related to the major north to
northeast trending fault structures.


Technical information in this news release has been reviewed by Derrick
Strickland, P.Geo., a qualified person as defined in NI 43-101.


SAMARANTA MINING CORPORATION

Volkmar Hable, President

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