SAMEX Mining Corp.: $1,178,000 Proceeds From Warrants Exercised

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2009) - SAMEX (TSX VENTURE:SXG)(OTCBB:SMXMF) is pleased to report that it has received proceeds of $1,178,000 from the exercise of share purchase warrants. The majority of the proceeds were from two gold funds which have increased their shareholdings in the Company.

Management is thankful for the endorsement and favor of the many shareholders who support the Company's gold and silver exploration efforts. SAMEX is conducting exploration in several project areas within the Company's large Los Zorros gold district property in Chile.

Jeffrey Dahl, President