SAX Icon Exploration, Inc.

Samaranta Mining Corporation (TSX VENTURE:SAX) (the "Company") acknowledges that
it has become aware of the news release dated February 19, 2013 by Samarium
Group Holding Ltd. ("Samarium") that Samarium intends to make an unsolicited
offer (the "Samarium Offer") to purchase not less than 51% of the issued and
outstanding shares of the Company.


Volkmar Hable, Executive Vice-President of Mining and Exploration of Samaranta,
and a former director of Samaranta Mining Corporation (the Board of Directors
received his resignation on February 12, 2013), is noted as a director of
Samarium. Despite this relationship, the Company had no prior knowledge of the
Samarium Offer and has not had any communications with Mr. Hable with respect to
the Samarium Offer, except for a letter of intent forwarded yesterday that
merely re-iterates the contents of Samarium's news release. The Company is
therefore unable to make any determinations regarding the offer or its validity.


Shareholders should note that the Samarium Offer does not constitute a formal
takeover bid yet. In order for the takeover bid to be valid, Samarium must
comply with applicable securities laws, which includes, but is not limited to,
the preparation and delivery of a formal takeover bid circular. None-the-less,
the Board of Directors of the Company, consistent with its fiduciary duties and
acting upon consultation with its advisors, will consider and evaluate the
unsolicited proposal received from Samarium and will pursue a course of action
which the Board believes is in the best interest of the Company and its
shareholders. 


The Company advises its shareholders not to take any action in respect of the
Samarium Offer until shareholders have received further advice from the Board of
Directors of the Company. 


SAMARANTA MINING CORPORATION

Dan Fish, Interim CEO

Forward-looking information

All statements included in this press release that address activities, events or
developments that the Company expects, believes or anticipates will or may occur
in the future are forward-looking statements. In particular, this document
contains forward-looking information and statements regarding the Samarium
Offer, the Board's review of available information relating to same, the
potential future delivery of a Directors' Circular and the potential entry into
a transaction.


These forward-looking statements involve numerous assumptions made by the
Company based on its experience, perception of historical trends, current
conditions, expected future developments and other factors it believes are
appropriate in the circumstances. In addition, these statements involve
substantial known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will prove inaccurate, certain of which are beyond
the Company's control, including further actions or announcements of Samarium or
other third parties, changes in laws and regulations, fluctuations in commodity
prices, foreign exchange or interest rates, stock market volatility and
obtaining required approvals of regulatory authorities. Readers should not place
undue reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Samaranta Mining
604-558-1080
604-558-1081 (FAX)
info@samaranta.ca
www.samaranta.ca

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