Private Placements of $310,000 Arranged

INTERNATIONAL SAMUEL EXPLORATION CORP.

8th Floor, 700 West Georgia Street Vancouver, British Columbia V7Y 1G6 Tel: (604) 718-5454; Fax: (604) 646-2054

[email protected]; www.internationalsamuel.com

December 29, 2010

News Release

Private Placements of $310,000 Arranged

International Samuel Exploration Corp. (the “Company”) has arranged a non-brokered flow-through private placement Unit Offering (“FT Units”) of 800,000 FT Units, raising gross proceeds of $200,000. Each FT Unit, priced at $0.25 per each FT Unit, is comprised of one common share of the Company, intended to qualify as a flow-through share under the Income Tax Act (Canada), and one non-transferable common share purchase warrant exercisable to acquire one non-flow-through (“NFT”) common share at a price of $0.40 per share for a period of two years from the closing date of the FT Unit Offering. One senior officer of the Company has subscribed to a portion of the private placement. Proceeds will be used for exploration programs. A finder’s fee of 6% in NFT Units will be paid on a portion of the funds on the same terms and conditions as the NFT Units described below.

In addition, the Company has arranged a non-brokered non-flow-through private placement Unit Offering (the “NFT Units”) of 733,333 NFT Units, raising gross proceeds of $110,000. Each NFT Unit will be comprised of one common share of the Company at a subscription price of $0.15 per common share and one non-transferable share purchase warrant entitling the holder thereof to purchase one additional common share of the Company at an exercise price of $0.30 per share for a two-year period from the closing date of the NFT Unit Offering. One senior officer of the Company has subscribed to a portion of the private placement. Proceeds will be used for general working capital. A finder’s fee of 6% in NFT Units will be paid on a portion of the funds on the same terms and conditions as the NFT Units.

ON BEHALF OF THE BOARD OF DIRECTORS

INTERNATIONAL SAMUEL EXPLORATION CORP.

Conrad Swanson, President

For further information, please contact: [email protected]

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