International Samuel Announces Closing of Final Tranche of Oversubscribed Non-Brokered Private Placement to raise proceeds of $726,000

June 24, 2010

Vancouver, B.C. - International Samuel Exploration Corp. (ISS: TSX-V) (the “Company”) is pleased to announce the closing of the final tranche of its non-brokered private placement offering (the “Offering”) originally announced in the Company’s news release dated April 26, 2010 (the “Initial News Release”). The final tranche of the Offering consisted of the sale of 2,000,000 flow-through units (each an “FT Unit”) to the MineralFields Group at a purchase price of $0.25 per FT Unit and the sale of 100,000 nonflow-through units (each an “NFT Unit”) at a purchase price of $0.20 to other subscribers, to raise aggregate gross proceeds to the Company of up to $520,000. As disclosed in the Company’s news release dated June 10, 2010, the Company previously closed an initial tranche of the Offering to raise gross proceeds of $206,000 through the issuance of 824,000 FT Units. Aggregate gross proceeds from the two tranches of the Offering were $726,000, representing an oversubscription of 824,000 FT Units from what was announced in the Initial News Release.

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 common share purchase warrant exercisable to acquire an additional non-flow-through common share of the Company at a price of $0.40 per share for a period of two years from the date of issuance. Each NFT Unit is comprised of one non-flow-through common share of the Company and one common share purchase warrant exercisable to acquire an additional nonflow-through common share of the Company at a price of $0.30 per share for a period of two years from the date of issuance.

In connection with the sale of the FT Units issued in the second tranche of the Offering, a finder at arm’s length to the Company received a cash finder’s fee of $37,500, plus an option to acquire up to 150,000 units (“Finder’s Units”) of the Company at a purchase price of $0.25 per Finder’s Unit for a period of two years from the date of issuance, such Finder’s Units having the same terms as the FT Units provided that the shares comprising part of the Finder’s Units do not qualify as flow-through shares. In connection with the sale of the NFT Units issued in the second tranche of the Offering, another finder at arm’s length to the Company received a finder’s fee paid by the issuance of 7,000 units having the same terms as the NFT Units issued under the Offering.

All FT Units issued in the second tranche of the Offering, and all securities issued to finders in connection therewith, are subject to a hold period under applicable Canadian securities laws expiring on October 24, 2010. All NFT Units issued in the second tranche of the Offering, and all securities issued to finders in connection therewith, are subject to a hold period under applicable Canadian securities laws expiring on October 25, 2010.

On Behalf of the Board of Directors

Conrad Swanson President

For further information, please contact: [email protected]

Safe Harbour Statement: The Company relies upon litigation protection for “forward looking statements.”

Neither 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