SAMSys Announces Termination of Joint Venture with BTG

Company: SAMSys Technologies Inc.
Stock Symbol: SMY
Listing: TSX
Outstanding Shares: 47.8 Million 
Web Site: www.samsys.com

TORONTO, June 9 /CNW/ - SAMSys Technologies Inc. (SMY:TSX) ("SAMSys" or
the "Company"), a world leading provider of radio frequency identification
("RFID") hardware solutions and RFID integration consulting services, today
announced that it has terminated its joint venture with BTG International
Limited ("BTG"), a principal shareholder of the Company.
The U.K.-based joint venture, called RFIP Solutions Limited ("RFIP
Solutions"), was created in the Spring of 2002 when BTG made its initial
investment in SAMSys to develop technologies in the Ultra High Frequency
segment of the RFID market. In connection with the joint venture, SAMSys
issued to BTG 2.5 million convertible special shares that were convertible
into common shares if RFIP Solutions achieved certain technical milestones no
later than May 31, 2005. The technical milestones were not met by such date
and SAMSys and BTG mutually agreed to terminate the joint venture.
Pursuant to the termination agreement, SAMSys will pay GB pnds stlg
69,532.33 or approximately $163,000CAD to satisfy all of its remaining
financial obligations to the joint venture and on June 10, 2005 will redeem
all 2.5 million convertible shares for an aggregate redemption price of $250.
In addition to the existing Supertag licensing agreement whereby BTG   
non-exclusively licensed SAMSys to make, use and sell products based on the
core Supertag technology, BTG will also grant SAMSys a worldwide, royalty-
free, non-exclusive licence to the Fast Supertag Patents - developed within
the joint venture - with no sub-licensing rights. The licence is to be granted
for the sole purpose of enabling SAMSys to make and sell its proprietary
readers for use with chips developed under a licence to use the Fast Supertag
invention

About SAMSys Technologies Inc.
SAMSys Technologies Inc. ("SAMSys"), founded in 1995, is a world-leading
provider of radio frequency identification ("RFID") hardware solutions and
RFID integration consulting services designed to evaluate and recommend
optimal RFID solutions to enhance existing business process. SAMSys offers a
family of products to simplify the installation and ensure the ongoing
performance of the overall RFID hardware infrastructure. SAMSys is a public
company whose common shares are listed for trading on the TSX under the symbol
"SMY". The Company has approximately 47.8 million common shares outstanding.
Visit SAMSys at: www.samsys.com and www.investorfile.com.

THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE
ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS
FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED
ANNUAL REPORT AND ANNUAL INFORMATION FORM. ACCORDINGLY, NO ASSURANCES CAN BE
GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS
WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY
WILL DERIVE THEREFROM.

%SEDAR: 00001696E