Africa’s First Nickel, Copper, Palladium District · This presentation contains forward‐looking statements. Forward‐looking statements involve known ... • Former Director

March 01, 2015Developing West Africa’s First Nickel, Copper, Palladium District

2TSX‐V: SME samaresources.com

This presentation contains forward‐looking statements. Forward‐looking statements involve knownand unknown risks, uncertainties and assumptions and accordingly, actual results and future eventscould differ materially from those expressed or implied in such statements. You are hence cautionednot to place undue reliance on forward‐looking statements. Forward‐looking statements includewords or expressions such as “objectives”, “forecast”, “pursue”, “growth”, “estimate” and othersimilar words or expressions. Factors that could cause future results or events to differ materiallyfrom current expectations expressed or implied by the forward‐looking statements include, but arenot limited to, exploration results, revenue, fluctuations in the price of currencies, gold or localoperating costs, mining industry risks, delays, political and social stability in Africa including ourability to maintain or renew permits and other risks as described in our documents filed from time totime with Canadian securities regulatory authorities. Such information can be found in Sama’s “2013”Annual MD&A as updated in quarterly reporting as well as other filings made with Canadian securitiesregulatory authorities and available at www.sedar.com.

These forward‐looking statements are dated as of March 01, 2015 and we disclaim any obligation toupdate or revise these forward‐looking statements, except as required by applicable law.

FORWARD LOOKING STATEMENTS


ObjectiveTo develop and operate the first nickel‐copper‐palladium mining district in West Africa.

Assets2,095 km2 of exploration ground in Ivory Coast and Guinea, West AfricaHosted in the large Yacouba Layered Complex

Management & Operational TeamSeasoned international management team Operational group has been involved in Ivory Coast for more than 19 years (former Falconbridge & Xstrata)

Institution Support and PartnershipsIFC (World Bank), China MinMetals (MMG) and the Ivorian Government (SODEMI1)Strong partnership with the government accompanied by first‐rate CSR initiatives1 Société de Développement des Mines de Côte d’Ivoire

SAMA RESOURCES AT GLANCE

Nickel Copper Cobalt Palladium Scandium Graphite

Samapleu nickel sulphide deposits X X X X Yepleu nickel sulphide deposit X X X XSipilou South nickel Laterite deposit X X X Gogota nickel Laterite deposit X X X Lola Graphite deposit X


Ticker TSX‐V: SME

Shares (Basic) 99.0 M

Options (avg. $0.34 strike) 8.1 M

Warrants (avg. $0.33) 14.4 M

Market Cap (@ February 2015) $20 M

Debt (January 2015) Nil

Project Locations Ivory Coast, Guinea

STOCK PERFORMANCE

SHAREHOLDERS

• MMG (China Minmetals) 15%• IFC (World Bank) 13%• African Lion 4.0%• Management & Insiders 7.0%


STRONG MANAGEMENT TEAM & BOARD OF DIRECTORSM

ANAGEM

ENT

BOARD

OFDIREC

TORS

ADVISORS

Benoit La Salle – Executive Chairman and Director (FCPA, FCA, MBA)• Former President & CEO of SEMAFO Inc.Marc‐Antoine Audet – President, CEO, and Director (PhD Geology, P.Geo.)• 27 years of geological experience in exploration and development with Falconbridge and Xstrata NickelBryan McKenzie – CFO (CPA, CA)• 10 years experience in finance, accounting, auditing and public markets and former CFO of Salares Lithium Inc.Bakayoko Bouake – Exploration Manager, West Africa • Involved in Falconbridge’s nickel sulphide exploration project between 1994 ‐ 2008

Marcel Aubut – Director (O.C., O.Q., Q.C., Ad. E.)• Partner, Vice‐Chairman BCF Business Law and President of the Canadian Olympic Committee Todd Hilditch – Director (BSc.)• President & CEO of Terraco Gold Corp. and former President & CEO of Salares Lithium Inc.Richard Quesnel – Director (BSc., Eng.)• Former President & CEO of Consolidated Thompson iron Mines of MontrealJames Gervais – Director (CMM, CD, LGen)• Former Lead Director of Northern Gold Mining Inc.Steven Ryan – Director (BSc., MBA)• Executive General Manager, Exploration of MMG Limited

Ron Netolitzky –Advisor (Msc., P.Geo)• Former Chairman of Viceroy Resources Corp., Loki Gold Corp., and Baja GoldMike Halvorson –Advisor (Bcomm)• Former Director of Novus Energy, Gentry Resources, Viceroy Exploration, and Western SilverMatt Johnston – Corporate Development Advisor (BBA)• Former corporate advisor of Salares Lithium Inc. and Talison Lithium Ltd.


IVORY COAST: AN EMERGING ECONOMY

• Sama has built a strong partnership with the Ivorian government

• Dr. Marc‐Antoine Audet & his exploration team have been active in the country since the mid‐1990’s (Falconbridge & Xstrata)

• Mining friendly country with new investor‐oriented mining codes

• Considered among the fastest growing economies in Africa (2014 forecast of 9%)

• Sama is active in the communities with CSR initiatives that include the construction of schools and homes, the installation and maintenance of clean water pumps, as well as being an important employer in several areas in West Africa




Sama’s focus is to rapidly explore for massive sulphide mineralization within the newly discovered and large Yacouba Layered Complex

SAMAPLEU PROJECT, FOCUS & EXPLORATION

HOLE‐ID FROM TO LENGTH Ni % Cu % Pd g/t

Samapleu MainSM44‐450250b 33.50 92.90 59.40 0.89 0.86 0.81

incl. 85.25 91.90 6.65 3.80 2.92 3.09SM44‐494350b 11.00 64.00 53.00 0.52 0.50 0.31

incl. 29.20 34.80 5.60 1.91 1.71 0.94SM44‐492354 10.00 61.00 51.00 0.72 0.61 0.45

incl. 36.00 46.00 10.00 1.76 1.30 1.00incl. 24.00 29.00 5.00 1.32 1.18 0.75

SM44‐450250 13.50 102.80 89.30 0.66 0.64 0.58incl. 86.60 101.60 17.00 1.99 1.96 1.49

Extension 1SM25‐112519 22.00 144.00 122.00 0.44 0.32 0.94

incl. 84.90 95.90 11.00 1.89 0.78 2.84SM24‐661614 67.30 244.00 176.70 0.26 0.20 0.49

incl. 162.00 170.60 8.60 1.02 0.95 1.51

YepleuYE34‐418407A 26.15 48.00 21.85 0.42 0.23 0.12

incl. 4.40 1.13 0.14 0.29


10

Samapleu MainSM44-450250100-101m: 5.16 % Ni, 3.41 %Cu, 3.42 gm/t Pd

Samapleu Extension 1SM25-11251988-89m: 2.67 % Ni, 0.75 %Cu, 4.04 gm/t Pd


The Samapleu and Yepleu deposits’mineralization and geological characteristics aretypical of a layered Pipe‐like Intrusion orconduit‐hosted nickel deposits

These rare types of intrusions host the world’slargest nickel‐copper deposits such as:

• Noril’sk (2,216 Mt at 0.78%Ni, 1.38%Cu)• Jinchuan (515 Mt at 1.06%Ni, 0.67%Cu)• Voisey Bay (137 Mt at 1.68%Ni, 0.87%Cu)• Eagle (5 Mt at 3.33%Ni)• Eagle Nest (20 Mt at 1.68%Ni, 0.90%Cu)• Kalatongke (24 Mt at 0.68%Ni, 1.08%Cu)• N’komati (3 Mt at 2.08%Ni, 1.14%Cu)

SAMAPLEU PROJECT

GEOLOGICAL MODEL AND POTENTIAL


SAMAPLEU MAIN & EXTENSION

PROPOSED 2015’S DRILLING PROGRAM


CURRENT NI‐43 101 RESOURCE (AUGUST 2013)

Samapleu Main and Samapleu Extension 1

Samapleu Features:

• Current resource sits from surface to 150 metres and would be amenable to an open pit scenario,

• Mineralised material exempt of serpentine species,

• Low anticipated strip ratio.


SAMAPLEU MAIN & EXTENSION 1: CROSS‐SECTION N‐S

Samapleu MainExtension 1


Samapleu Project: Secteurs Yepleu et Zérégouiné

Target: Depth of 600 -700m (CDI: 75-100)

2 km


• *** Yepleu marks the first nickel‐copper sulphide discovery at surface in West Africa

• InfiniTEM survey identified several high chargeability conductors. Sama drilled 16 holes testing the large sub‐horizontal mineralized sheet.

• Downhole EM survey was performed on three holes at Yepleu. Very good EM target has been defined

Yepleu InfiniTEM and Ultramafic Lenses


Samapleu Project: Section 94NE: 3D CDI interpretation

The NEW CDI interpretation fill in « intensity » up to 100 ( 4 times stronger than before)

10

BDTEM platesInfiniTHEM plates

22m @ 0.42%Ni, 0.23%CuInc: 4.4m @ 1.13% Ni

0 500m

P

900m

94NE


• 8.7 km long graphite deposit oriented NS with an average width of 350m

• Graphite mineralization is well exposed at surface with grades ranging from trace up to 17% of large flakes and often seen in higher concentration agglomerates

• Metallurgical tests on representative samples, grading from 2.8% to 16.8% carbon

• 78% of graphite flakes are > 0.25mm (considered to be large flakes) and 50% > 1.0mm


Historical Works (1950’s): French BUMIFOR ‐309 pits, Extensive Metallurgical tests.

Sama’s 2013 Works: ‐Metallurgical tests, 36 shalow DDH for 800m


LOLA GRAPHITE: FLOTATION AND CONCENTRATE

Preliminary Metallurgical tests performed at ActLab laboratory in Canada for the oxide material (Saprolite; first 20m) returned excellent results:

Element Chromium Cobalt Copper Lead Molybdenum Nickel Vanadium ZincMaterial/Fraction ppm ppm ppm ppm ppm ppm ppm ppm

Oxide material+50 mesh (Jumbo) 20 6.4 52 2.54 1.63 10.5 2.7 11

+80 mesh (large) 32 9.8 81 4 2.97 17.9 1.6 17

+150 mesh 49 12.3 118 6.24 4.33 32.4 8 24

-150 mesh 62 13.8 140 7.25 6.05 40.4 1.3 27

Maiden Test (July 2,2014) Second Test (November 2014) Head grade 11.5% Cg Head

grade 12.2% Cg

Recovery 96% Recovery 94%

Grinding 100% - 35 Mesh Grinding -4 Mesh Flash Flotation, -32 Mesh Regrind

Graphite purity

Flake Size Distribution, % % Cg Flake Size Distribution, % % Cg % Cg

+48 mesh (jumbo) 29.2 92.9 +48 mesh

(jumbo) 54.2 89.0 99.1 +80 mesh

(large) 30.8 90.0 +80 mesh (large) 23.8 83.0 99.2

+150 mesh 17.9 80.4 +150

mesh 7.7 78.7 99.6 -150 mesh 22.2 71.0 -150

mesh 14.3 67.9 100.0


LOLA GRAPHITE PROJECT, GUINEA

2015 EXPLORATION PROPOSED PROGRAM OUTLINE

• Additional drilling to establish Measured mineral resources in saprolite (spacing: 50m x 20m)

74 DDH for 1,900m

• Additional drilling for inferred mineral resources, testing potential at depth (Spacing: 400m x 200m)

39 DDH for 3,800m

• Additional Metallurgical tests on graphite rich saprolite material (0-20m depth)


THANK YOU / MERCI

Sama Resources Inc. / Ressources Sama Inc.

Suite 132 – 1320 Graham, Ville Mont-Royal, QC, Canada, H3P 3C8Tel: 514.726.4158

Suite 1825 - 1055 West Hastings St. Vancouver, BC, Canada V6E 2E9Tel: 604.443.3835 | Toll-free: 1.877.792.6688 Ext: 4

E-mail: [email protected] Website: www.samaresources.com

Africa’s First Nickel, Copper, Palladium District · This presentation contains forward‐looking statements. Forward‐looking statements involve known ... • Former Director

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