SAX Icon Exploration, Inc.

Samaranta Mining Corporation (TSX VENTURE:SAX) ("Samaranta" or the "Company") is
pleased to announce that it has signed a lease agreement for the Spanish Canyon
Project, north-central Nevada. Based on extensive exploration work already
completed, Spanish Canyon has the potential to host sediment-hosted gold,
similar to that found on the Carlin and Cortez Trends in northern Nevada. The
Company would also like to announce its new website address:
www.samarantamining.com for investors to visit.


"We are excited about adding diversity to Samaranta's portfolio of projects. Our
search for new projects continues as we have looked at various new targets in
Colombia, Peru and Nevada," commented interim CEO Dan Fish. "While we will
continue to explore the gold potential of the Guadalupe Project in Colombia, we
know that diversity will keep Samaranta healthy and viable in this very
difficult junior market. Due to the state of the junior exploration market, the
Board of Samaranta sees this as a great time to look for acquisition
opportunities."


Spanish Canyon is located in north-central Nevada and has had extensive
exploration work, including geologic mapping, conventional and ionic leach soil
sampling, rock chip sampling and geophysical surveys. Rock chip sampling has
returned values from below detection up to 5.6 grams per tonne gold ("g/t Au")
from mineralized, jasperoids hosted in the Triassic Luning Formation limestones.
Soil sampling has identified numerous mineralized trends that lead to jasperoids
in outcrop, and interpretation of geophysical data has identified these same
trends. Based on technical review of all these data, the Company believes there
are several drill-ready targets.


"Spanish Canyon is a large claim block, well located in north-central Nevada
that has potential to host sediment-hosted gold over a broad area," commented
Hans Rasmussen, Technical Director of Samaranta. "Sampling has already
demonstrated good gold values in surface exposures of mineralization, with
associated anomalous metals and alteration commonly observed in the
sediment-hosted gold deposits, based on my experience working on the Carlin and
Cortez Trends. Additionally, Spanish Canyon is drill-ready so that once funding
is available we can begin permitting and generating immediate results."


Spanish Canyon Project, Nevada

The Spanish Canyon gold prospect is located in the Shoshone Range, Nye County,
about 60 straight-line miles northwest of Tonopah and about 20 miles east of
Gabbs. The Spanish Canyon prospect consists of 94 lode claims and covers an area
of about 1,900 acres. 


At the current level of exposure, most gold mineralization and alteration is
hosted within Triassic sedimentary rocks within the sandy and locally porous
Luning Carbonate Member of the Luning Formation. Outcrops in the prospect are
locally hydrothermally altered, especially along abundant faults, fractures,
bedding planes, and silty horizons. Alteration includes silicification and
formation of jasperoids, propyllitic and argillic alteration, and
decalcification of the carbonate rocks. Rock chip sampling shows that these
mineralized, jasperoidal outcrops are highly anomalous in gold (up to 5.6 ppm)
as well as silver, arsenic, antimony, mercury, lead, and barium. 


The western portion of the claim block is concealed by post-mineralization
unconsolidated alluvium and the ionic-leach survey was initiated to detect
anomalies beneath this alluvium. The ionic-leach soil survey identified multiple
anomalies in the alluvial pediment in the western claim area. A total of 1,108
samples were collected to detect concealed mineralization beneath alluvial
pediment in prospective areas. Studies have shown that gold and other elements
can be concentrated in an alkaline-rich desert soil profile above oxidizing
sulfide-rich mineralization such as that of the Spanish Canyon area. The trends
and zonation of anomalies at Spanish Canyon suggest underlying structural
control and that the anomalies are at a relatively shallow depth beneath the
pediment surface. 


A geophysical survey completed in 2012 generated results that were encouraging
and that identified several anomalies corresponding to anomalies identified by
the ionic-leach soil surveys as well as some previously unrecognized anomalies,
especially in the eastern bedrock areas. Four lines of IP/R (Induced
Polarization/Resistivity) and ten lines of VLF (Very-Low Frequency -
electromagnetics) were surveyed. The IP survey was designed to directly detect
sulfide mineralization associated with gold. The resistivity survey was designed
to map more resistive zones possibly associated with silicification and to map
bounding faults. Structures interpreted from IP and VLF-resistivity anomalies
correlate well with geochemical anomalies independently discovered by the
earlier alluvial soil and rock-chips sampling surveys and bedrock surveys. These
surveys suggest that the anomalies are less than 80 meters beneath the alluvial
surface in the western portion of the claim area. 


Based on results from the geophysics, the extensive soil survey and earlier
geologic mapping and sampling programs, a first phase reverse-circulation drill
program is ready for permitting. 


Spanish Canyon Agreement

Under the terms of an Exploration and Mining Lease with Options to Purchase
Agreement, effective July 24, 2013 (the "Agreement"), the Company acquired from
Mountain Gold Claims, LLC, the rights to 94 unpatented lode mining claims on BLM
lands located near Gabbs, Nevada. The Agreement requires the Company to make
advance royalty payments of $5,000 cash and 200,000 shares of its common stock
upon signing, with the following cash and common share payments on each
anniversary date of the Agreement.


In consideration of the granting of this Agreement to the Lessee on the
Effective Date, Lessee shall pay to Owner the following Cash Payments and Stock
Issuances as follows:




                                               Cash                         
Date                                        Payment            Lessee Shares
                                                                            
On Execution of this Agreement               $5,000    200,000 Lessee shares
 ("Effective Date")                                                         
On or prior to the 1st Anniversary          $15,000    200,000 Lessee shares
 of the Effective Date                                                      
On or prior to the 2nd Anniversary          $20,000    200,000 Lessee Shares
 of the Effective Date                                                      
On or prior to the 3th Anniversary          $20,000    200,000 Lessee Shares
 of the Effective Date                                                      
On or prior to the 4th Anniversary          $30,000    200,000 Lessee Shares
 of the Effective Date                                                      
On or prior to the 5th Anniversary          $40,000                         
 of the Effective Date                                                      
On or prior to the 6th Anniversary          $50,000                         
 thru the 10th anniversary                                                  
On or prior to the 11th Anniversary         $75,000                         
 thru the 15th anniversary                                                  
On or prior to the 16th Anniversary        $100,000                         
 and thereafter                                                             



The Advanced Royalty Payments and Stock Issuances are nonrefundable. The
Advanced Royalty Payments shall be credited against the Royalty, but not Mineral
Rights or the Purchase Price. The Advanced Royalty Payment and stock
certificates which is due within 30 days of the Effective Date shall be
delivered and received by Owner or this Agreement shall be null and void and
Lessee shall have no rights, title or interest to this Agreement, unless
modified and agreed upon in writing by both parties.


Subject to prior termination, the term of the Agreement shall be for a period of
twenty years commencing on the effective date. The Company is obligated to pay a
production royalty equal to three percent of the Net Smelter Returns ("NSR")
from the production or sale of minerals from the North Springs Properties and
meet defined minimum annual work commitments ranging from $10,000 in the first
year to $100,000 beginning in the fifth year and thereafter. 


Samaranta shall have the option to purchase a portion of the 3% NSR Royalty from
the Property representing one percent (1%) of the NSR for One Million Dollars
($1,000,000 million), in accordance with the Agreement and terms of the Purchase
of Production Royalty Quitclaim Deed (the "Royalty Deed"). Lessee shall have the
option to purchase an additional one percent (1%) of the NSR for three million
dollars ($3,000,000 million), in accordance with the Agreement and terms of the
Royalty Deed. Lessee may exercise the option to purchase the Royalty at any time
within six (6) months after Lessee completes a positive, bankable, feasibility
study and commits the development of the Property as a mine. The remaining one
percent (1%) Royalty from the Owner shall not be available for purchase unless
the Owner and Lessee agree in writing on terms. 


About Samaranta Mining Corporation

Samaranta is a mineral exploration and development company actively exploring
for gold and precious metals in the Americas, with projects in both Nevada and
Colombia. The Guadalupe gold project in Colombia is contiguous with the Frontino
Gold Mine ("Frontino") the largest gold mine in Colombia with historic
production of seven million ounces. The newly aquired Spanish Canyon gold
project in Nevada demonstrates the potential for sediment-hosted gold similar to
that found in the Carlin and Cortez trends. As the Company moves forward,
management will leverage its experience in North and South America and add value
by aquiring projects that bring near-term value to its shareholders. 


SAMARANTA MINING CORPORATION

Dan Fish, Interim CEO

For further information, please contact:

New email and website address: info@samarantamining.com, www.samarantamining.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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@samarantamining.com
www.samarantamining.com

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