SAX Icon Exploration, Inc.

Samaranta Mining Corporation (TSX VENTURE:SAX) ("Samaranta" or the "Company") is
pleased to provide an exploration update on the latest work completed at the
flagship Guadalupe project in Colombia, as well as highlight the upcoming plans
for 2013, including a drill program focused at Target Area 2.


Guadalupe Project, Colombia

Guadalupe is a drill-ready gold prospect strategically located contiguous with
the largest gold producer in the Segovia-Remedios Mining district - Frontino
Gold Mines ("Frontino") currently owned by Gran Colombia Gold. Over the past
year and a half, the Company has worked on the completion of a soil sampling
program, airborne geophysics and 3D ground Induced Polarization ("IP") and has
identified four targets for further exploration. Based on exploration work
completed to date, geochemical and geophysical observations at Guadalupe are
generally consistent with the signature from a shallow southeasterly dipping
vein. Evidence suggests that gold mineralization will likely be in mesothermal
veins confined to the underlying granodiorite, similar to the veins being mined
at Frontino; also, disseminated gold has been discovered in the overlying
intrusive rock thus suggesting a porphyry gold host rock with larger tonnage
potential. Therefore, drilling will be designed to test both target types,
high-grade vein-hosted gold and lower-grade disseminated gold hosted in a
porphyry. The 786 hectare Guadalupe property is located approximately 140 km
northeast of Medellin and 280 km north-northwest of Bogota within the
Segovia-Remedios Mining district.


Drill Program 2013

The 2013 program will begin with follow-up work and drilling focused on Target
Area 2 (click here to view map: http://www.samaranta.ca/s/guadalupe_project.asp)
in the middle portion of the property which is deemed first priority. Target
Area 2 demonstrates both a strong IP survey correlation and gold outcropping,
both great indicators for gold occurrence below surface. The program will aim to
drill 5,000-10,000 metres, evaluating the drill core to determine the depth and
direction needed. There are three additional target areas, named Target Areas 1,
3 and 4, which also show correlations with the IP survey. By starting in the
centre of the property on a strong target area, the geologic team can begin to
get a clearer picture of the gold-rich structures and the direction they trend
under cover.


Segovia Gold Mine Tailings

An application has been submitted to CORANTIOQUIA to have all necessary
permitting in place to begin exploration work. Exploration work is needed to
evaluate the mine tailings, which includes sampling the historic tailings as to
grade, size, and metallurgy. Once exploration work is completed and deemed
economic, these piles of gold tailings could serve as a production scenario
whereby the Company turns to a revenue model, limiting the need for future
financing. The Segovia Mine tailings are primarily situated in two tailings
piles within the municipality of Segovia, Colombia and were derived from
historic mining activities by Frontino Gold Mines as well as numerous
small-scale operations. 


Appointment of CFO and Chairman

The Board of Directors of Samaranta has appointed William Jung as the Chief
Financial Officer of the Company. Mr. Jung has over 30 years of experience in
the areas of finance and business, and has worked with a major international
chartered accounting firm and TSX Venture Exchange companies. He also serves as
the Chief Financial Officer of Colombia Crest Gold Corp. and has been in this
role since October 2003. 


Additionally, the Board of Directors has appointed Hans Rasmussen, currently a
Director, as Chairman of the Board of the Company. Mr. Rasmussen brings to the
Company over 29 years of professional experience in the mining industry as a
geophysicist, geologist, exploration manager and junior company executive. Mr.
Rasmussen has held senior positions with junior and major mining exploration
companies in North and South America, including Newmont and Kennecott/Rio Tinto.
His experience includes conducting and managing all geological and geophysical
aspects of exploration, project identification and acquisition, commercial
transactions and investor relations. He is currently the President and Chief
Executive Officer of Colombia Crest Gold Corp.


About Samaranta Mining Corporation

Samaranta is a mineral exploration and development company actively exploring
for gold and precious metals in Colombia. The Company's primary focus is the
Guadalupe gold property that is contiguous with the Frontino Gold Mine
("Frontino"). Frontino is currently the largest gold mine in Colombia and has
been in operation for over 150 years with historic production estimated at 7
million ounces. Samaranta is the first company to explore the Guadalupe property
using modern exploration techniques.


Forward-Looking Statements

This press release contains or refers to forward-looking information, including
statements regarding exploration results, potential mineralization, exploration
plans and timing of the commencement of drilling, and is based on current
expectations that involve a number of business risks and uncertainties. Factors
that could cause actual results to differ materially from any forward-looking
statement include, but are not limited to, delays in obtaining or failures to
obtain required governmental, environmental or other project approvals,
political risks, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of
projects and the other risks involved in the mineral exploration and development
industry. Forward-looking statements are subject to significant risks and
uncertainties, and other factors that could cause actual results to differ
materially from expected results. Readers should not place undue reliance on
forward-looking statements. These forward-looking statements are made as of the
date hereof, and the Company assumes no responsibility to update them or revise
them to reflect new events or circumstances other than as required by law.


SAMARANTA MINING CORPORATION

Dan Fish, Interim CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Samaranta Mining Corporation
Dan Fish
Interim CEO & Director
604-558-1080
604-558-1081 (FAX)
info@samaranta.ca
www.samaranta.ca

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