MMR Exploration Limited Announces Acquisition of Shares in Sama Resources Inc.

 MMR Exploration Limited Announces Acquisition of Shares in Sama Resources Inc.  MELBOURNE, Australia, May 17, 2012 /CNW/ - MMR Exploration Limited ("MMR  Exploration"), a wholly-owned subsidiary of Minmetals Resources Limited,  announces that, on May 17, 2012, it entered into an agreement to acquire an  additional 7,337,324 common shares of Sama Resources Inc. ("Sama") on a  private placement basis for Cdn$0.60 in cash per share, or Cdn$4,402,394.40 in  the aggregate.  Sama is listed on the TSX Venture Exchange (the "TSXV") and  the private placement is subject to the approval of the TSXV and other  customary conditions.  The private placement is expected to be completed on or  about May 23, 2012.      The common shares of Sama were acquired by MMR Exploration for investment  purposes.  MMR Exploration may from time to time, depending on market and  other conditions, increase or decrease such holdings of common shares or other  securities of Sama.    Following the completion of this acquisition, MMR Exploration will hold  11,404,009 common shares of Sama, representing approximately 15.5% of the  outstanding common shares of Sama (19.9% on a diluted basis including the  4,066,685 warrants to purchase common shares of Sama previously acquired by  MMR Exploration).  Additional details regarding the arrangements entered into between Sama and  MMR Exploration in connection with the private placement will be contained in  an early warning report filed by MMR Exploration pursuant to Canadian  securities laws under Sama's profile at www.sedar.com.  A copy of the report  can be obtained from MMR at the contact information noted below.  About Minmetals Resources Limited  Minmetals Resources Limited (MMR) is a mid-tier global resources company that  mines, explores and develops base metal projects in Australia, and around the  world. The company is headquartered in Melbourne, Australia and listed on the  Hong Kong Stock Exchange under Stock Code: 1208. MMR owns the MMG group of  companies and their operations after acquiring them on 31 December 2010.  MMR is uniquely positioned with an experienced international management team,  public ownership on the Hong Kong stock exchange (28.28%) and support of its  ultimate controlling shareholder China Minmetals Corporation (71.72%).  Media enquiries:                                                                                        Investor  enquiries:  Sally Cox                                                                                               Colette  Campbell  Group Manager - Communications                                                                          Group Manager -  Investor Relations  T +61-3-9288-0850                                                                                       T +61-3-9288-9165  M +61-417-144-524                                                                                       M +61-422-963-652  E sally.cox@mmg.com             E                                                                                                       colette.campbell@mmg.com                                                                                                      Chinese  language investor and media enquiries:  Kathleen Kawecki                                                                                        Maggie Qin  Communications Coordinator                                                                              Corporate  Affairs Officer – HK & China  T +61-3-9288-0996                                                                                       T +61-3-9288-0818  M +61-4-0048-1868                                                                                       M +61-411-465-468  E                                                                                                       E  maggie.qin@mmg.com kathleen.kawecki@mmg.com    SOURCE  Minmetals Resources Limited  http://www.sedar.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2012/17/c8907.html  CO: Minmetals Resources Limited NI: MNG MNA  
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