Sama Resources reports on SRG's appointment of new officers and grant of stock options

MONTREAL, Quebec, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Sama Resources Inc. (TSXV:SME) (“SME” or the “Company”) today reports that SRG Graphite Inc. (“SRG”) has approved a new corporate structure. SRG appointed Mr. Raphael Beaudoin as Vice-President, Operations, Metallurgy and Process Design, Mr. Elias J. Elias as Vice-President, Legal and Corporate Affairs and Corporate Secretary, Mr. Mathieu Charette as Vice-President Finance and Corporate Controller, and Mr. Michel Labonté as General Manager of SRG Guinea. With these appointments, management and the board of directors are confident this will contribute positively to the Company as it moves closer to construction.

Mr. Beaudoin graduated from McGill University in 2010 with a degree in materials engineering. Raphaël worked as a plant metallurgist at the Minto Mine in the Yukon before joining the Nunavik Nickel Project for Canadian Royalties Inc. in 2012. Raphaël participated in the implementation of the Nunavik Nickel concentrator as a plant metallurgist, and later secured the position of chief metallurgist, where he oversaw many strategic projects of the concentrator. Before joining SRG, Raphaël worked as the concentrator superintendent also for Canadian Royalties Inc., overseeing the operations, metallurgy, maintenance and power generation of the concentrator.

Mr. Elias has extensive experience in West Africa in both the mining and the energy sectors. Before joining SRG, he served as General Counsel and Corporate Secretary of Windiga Energy Inc., a Canadian-based independent power producer. Previously, Mr. Elias was Legal Counsel at SEMAFO, a TSX-listed gold producer with significant presence in West Africa as well as with Gildan Activewear, one of the world’s largest vertically integrated manufacturers of apparel. Mr. Elias holds a civil law degree (summa cum laude) and a common law degree (cum laude) from the University of Ottawa and is a member of the Barreau du Québec since 2007.

Mr. Charette completed his bachelor’s degree in business administration and further continued his studies in taxation at the HEC Montreal in 2004. Mr. Charette has been a member of the Ordre des Comptables Agréés du Québec since 2006. He has worked in a financial role with mining companies in West Africa since 2008, first as corporate controller with GoviEx Uranium Inc. and then for five years as CFO and secretary for WAI Capital Investments Corp. He has over thirteen years of experience in financial management, financial reporting, taxation, budgeting, forecasting and regulatory compliance for private and public companies within multiple jurisdictions.

The appointment of Mr. Labonté as General Manager of SRG Guinea brings to the team a wealth of experience with regards to constructing and operating mines in West Africa. Mr. Labonté has over 40 years of mining experience including over 15 years at Kiena Mine, Placer Dome and a decade of experience in Africa, most notably five years as General Manager of Semafo’s flagship Mana mine in Burkina Faso. There, Mr. Labonté oversaw the construction, start of operations and continuous capacity building of the mine from the originally planned 2,500 tonnes per day plant to an 8,000 tonnes per day mine, as well as oversaw the operations of the mine for several years, including managing over 500 employees.

Grant of Stock Options

SRG also announced that, pursuant to its Stock Option Plan and subject to regulatory acceptance, it has granted an aggregate total of 2,285,000 incentive stock options to certain directors, officers and consultants of the Company, subject to certain vesting provisions.  These options will be exercisable at a price of $1.10 per common share and will expire on August 8, 2028.

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa.
Sama holds a control position in SRG of 24,658,267 shares representing 35.54% of the issued and outstanding shares of SRG and is considered an insider for reporting purposes.

For more information about Sama, please visit Sama’s website at http://www.samaresources.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
OR
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5

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