SAX Icon Exploration, Inc.

Samaranta Mining Corporation (TSX VENTURE:SAX) ("Samaranta" or the "Company")
today provides the following clarity to comments in Samarium Group's press
release of February 22, 2013.


Pursuant to Mr. Hable's claims of solely funding Samaranta, since Samaranta
became public, management is not aware of any significant financing raised by
Mr. Hable for the Company. The Company did find that based on the May 20, 2011
and October 31, 2012 news releases, Canaccord Genuity Corp. acted as agent to
fund the Company and therefore it is believed that today their brokers and
clients represent the majority of shares held.


Samaranta's Board of Directors wishes to also clarify a "conflict of interest"
misstatement in the Samarium Group February 22, 2013 news release - in the
Company's news releases dated November 7, 2012, December 6, 2012 and December
19, 2012, the Company did advise the public that Hans Rasmussen and Dan Fish
were associated with Colombia Crest Gold Corp. (TSX VENTURE:CLB). To further
clarify, the Company also disclosed that Mr. Dhaliwal is President and CEO of
Bonterra Resources Ltd (TSX VENTURE:BTR), he is not associated with Colombia
Crest Gold Corp. Management believes these facts to be irrelevant to the more
serious issues addressed in this news release.


Samarium Group Tender Offer

Pursuant to the "unsolicited takeover bid" mentioned, the Company further
concludes that at no time did Samarium Group ever tender a formal takeover bid
or provide shareholders with a takeover bid circular, as required by law,
despite management's letter sent to Samarium Group on February 20, 2013
requesting same. The terms of Samarium Group's initial news release announcing
its alleged take-over proposal were unclear and misleading, particularly with
respect to the warrant aspect of the proposed consideration being paid, and such
confusion was never clarified by Samarium Group.


At no time did Samarium Group ever provide evidence that it had the financial
ability to fund the alleged offer which included an approximate 500% increase to
market price and a substantial loan to the Company, and the Company has no
reason to believe that Samarium Group is or ever was in a position to fund the
alleged offer.


Management believes that the trading volume in the Company's shares last week
was a direct result of a non-binding proposal to pay shareholders $0.12/share in
a $0.025 market. Therefore, the Board of Directors cautions shareholders and
others considering trading in securities of the Company that there is and never
was a formal takeover bid tabled by Samarium Group. Further, the non-binding
proposal that had been press released February 19, 2013 by Samarium Group was
subsequently withdrawn on February 22nd.


Segovia Joint Venture Tailings Project ("Segovia Project")

Soon after new management came on board, it commenced its due diligence on the
Colombian projects. The preliminary findings regarding the Segovia Project were
confusing. It was only when management-appointed personnel confronted Mr. Hable
and Ms. Adriana Gallo Barrera (Manager and Legal Representative of Sociedad
Minero Ambiental Y Ecologica Oro Solido Sociedad por Acciones Simplificadas
S.A.S.) in Medellin about certain issues that the Company received a warning and
termination letter on February 12, 2013 from Ms. Adriana Gallo Barrera.


Meanwhile, the Company had engaged the law firm of Norton Rose in Bogota to
review the Segovia Agreement. A final legal report was received on February 20,
2013, which concluded the contract entered into August 9, 2012
(http://www.samaranta.ca/s/news.asp?ReportID=541651) was invalid as it did not
comply with Colombian mining laws. Consequently, the Company will not be
proceeding with the Segovia Joint Venture Tailings project. Samarium Group
Systems & Research was paid a finder's fee of $55,828 plus HST for arranging the
Segovia Project and management is reviewing possible recourses to this payment
with legal counsel.


Finally, contrary to what was indicated by the Samarium Group, the Company made
no attempts to move the Segovia Tailings Project to Colombia Crest Gold Corp. -
it couldn't possibly have done so based on the outcome of the due diligence
efforts.


As a result of these findings mentioned above, on February 22, 2013, the Company
terminated Mr. Hable's agreement as Executive Vice-President for cause.


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.


As the Company moves forward, management will lever its experience in North and
South America and add value by adding projects that bring near-term value to its
shareholders.


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. 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. Readers should
not place undue reliance on forward-looking statements.


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

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