SAMEX Mining Corp.: First Quarter Financial Statements to March 31, 2011 Amended and Re-Filed

SAMEX Mining Corp. ("the Company") (TSX VENTURE:SXG)(OTCBB:SMXMF) has re-filed
amended and restated first quarter financial statements for the period ended
March 31, 2011 on SEDAR in response to a review by the British Columbia
Securities Commission ("the BCSC") relating to the transition to International
Financial Reporting Standards ("IFRS"). 


The BCSC reviewed the Company's interim financial statements to March 31, 2011
(originally filed on SEDAR on June 29, 2011) which were the Company's first
interim financial statements reported under IFRS. The Company adopted IFRS in
its financial statements pursuant to the Accounting Standards Board of Canada's
decision to adopt International Financial Reporting Standards for publicly
accountable entities for financial reporting periods beginning on or after
January 1, 2011.


Pursuant to the BCSC's review and comments concerning IFRS, the Company amended
its financial statements to include a statement of changes in equity for the
interim period ended March 31, 2010; a reconciliation of shareholder's equity at
March 31, 2010, and a reconciliation of comprehensive loss for the year ended
December 31, 2010. The financial statements were also amended and restated in
relation to foreign currency translation and in the note to the financial
statements concerning "Transition to IFRS" and "Notes to reconciliations". The
management discussion and analysis ("MD&A") was also amended in conjunction with
the revisions made in the financial statements. 


Amended and re-stated financial statements and MD&A reflecting the foregoing
changes are available for review at www.SEDAR.com.


Larry McLean, Vice President - Operations & CFO