Samex Mining Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported net loss of CAD 106,600 or CAD 0.01 per basic and diluted share compared to net profit of CAD 10,257 or CAD 0.01 per basic and diluted share for the same period of last year. Loss from operations was CAD 387,692 against 476,110 a year ago. Net cash flows used in operating activities was CAD 405,929 compared to CAD 392,524 for the same period of last year. Expenditures on exploration and evaluation assets were CAD 1,668,454 compared to CAD 822,038 for the same period of last year. Expenditures on equipment were CAD 6,975 compared to CAD 32,293 for the same period of last year.