Samaranta Completes IP Survey Over Priority Drill Targets

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/10/12 -- Samaranta Mining Corporation. (TSX VENTURE: SAX) announces that a 13.5 line kilometer IP survey has been completed on its Guadalupe property in Segovia District of Colombia. SJV Geophysics of Delta, BC was contracted to run the survey to cover two discreet target areas. The survey was undertaken on East - West lines to best intersect regional N20E to N30E structural trends that host high-grade vein mineralization that has been the focus of historic mining on contiguous claims.

The IP survey is intended to add further detail to December 2011 geological - geophysical compilation report that generally identified the most prospective drill targets. More recently, soil samples taken from the trench walls of test pits in select target areas returned anomalous gold-lead-zinc values from ten of twenty pits sampled. Given the limited outcrop in the general Segovia area the tightly spaced 3D IP survey was designed to help more precisely locate subsurface mineralized structures, that if successful, will allow for more precise drill collar locations and drill hole azimuths.


Target Area 2

The southernmost grid covered what is referred to as Target Area 2 and includes the projected extensions of the Cristales and San Nicholas vein structures, both of which were the subject of historic mining efforts. Gold mineralization at San Nicholas and Cristales is reported to be associated with variable concentrations of pyrite-galena-sphalerite and these veins are reported to strike N20E to N30E and dip 30 degrees to the East(1). Given the orientation of the veins relative to the survey lines and the tenure of mineralization, the projected extensions of the Cristales and San Nicholas veins are likely to be detectable by the IP survey provided the mineralized veins are not too far below surface. Also in the Target 2 Area, an extensive area of hydrothermal alteration has been identified that will also be covered by the IP survey. Here, the objective is to identify any conductors that may represent concentrations of pyrite or other sulphides below the alteration zone. Four lines of 1.8 km in length plus a fifth of approximately 1 kilometer have been completed in the Target 2 area.


Middle Target Area

Approximately one kilometer north of the Target 2 area interpretation of the 2011 magnetic-radiometric airborne survey identified a target area associated with intrusive rocks known to host gold mineralization elsewhere in the Segovia area. In addition if the projections of the San Nicholas and Cristales vein structures continue along the projected trends they would pass through this middle target area. Three lines of approximately 1.25 kilometer and two shorter lines have been completed in this middle area.

With the field survey now completed, the data is now being processed and a report detailing the survey findings is expected in about 30 days time.

"While the compilation of prior exploration activities had provided some compelling drill targets, the successful completion the 3D IP over the strongest targets should provide the final details of the target definition allowing us to best orient the drill holes and increase the probability of drilling success," stated Volkmar Hable, President of Samaranta.

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

(1) NI 43-101 Technical Report Frontino Gold Mines Ltd. Antioquia Colombia, June 9, 2010 Scot E. Wilson C.P.G.


SAMARANTA MINING CORPORATION

Volkmar Hable
President



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Contacts:

Samaranta Mining Corporation
Volkmar Hable, President
604 641 1210
info@samaranta.ca

Samaranta Mining Corporation
Barry Girling
604 639 4528
Barry@samaranta.ca
www.samaranta.ca