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SMI Saturn Oil And Gas

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Share Name Share Symbol Market Type
Saturn Oil And Gas TSXV:SMI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Saturn Minerals Inc. Saskatoba 2012 Winter Exploration Program

12/01/2012 6:49pm

Marketwired Canada


Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the
"Company") announces that it has retained North Rim Exploration Ltd. of
Saskatoon, Saskatchewan to provide logistics and operational support services in
Saskatchewan and Manitoba for the Company's winter drilling program which will
constitute both early-stage and advanced-stage exploration for coal, oil & gas. 


Advanced-stage and early-stage coal exploration will be carried out in Manitoba
on the Overflowing property as well as two new properties acquired in 2011 after
the identification of geophysical anomalies via airborne gravity survey.
Advanced-stage and early-stage coal exploration will also be carried out in
Saskatchewan on the Armit property as well as the Red Earth property, the latter
of which Saturn will be acting as operator for Jameson Resource Ltd. (JAL - ASX)
(see Saturn news release, Nov 10, 2011). 


Early-stage oil & gas exploration will also be carried out in Saskatchewan on
two new properties acquired in 2011.


As part of the Company's incentive and retention program, the Board of Directors
of the Company has approved the grant of 1,969,000 incentive stock options to
directors, officers and consultants exercisable at $0.20 per option. The options
granted were priced at the 5-day volume weighted average trading price of the
Company's common shares on the TSX Venture Exchange for the five trading days
prior to the grant date. The options have a five year term, and vest over a
period of 18 months from the grant date and are subject to approval by the TSX
Venture Exchange.


About Saturn Minerals Inc.

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) is a junior Canadian
energy & resource company advancing a portfolio of energy and resource assets in
Saskatchewan, Manitoba and British Columbia. The Company has made two bituminous
coal discoveries at its Saskatoba Project since 2009, including one of the
thickest coal seams encountered in Canada at 89 metres thickness. The Company
also has a strategic ownership in Inowending Exploration & Development Corp., a
First Nations owned exploration & development company active in Canada's prairie
provinces.


On Behalf of the Board of Directors

SATURN MINERALS INC. 

Stan Szary, Chief Executive Officer

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