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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 Appoints Allan Danroth to the Board of Directors

18/09/2012 3:00pm

Marketwired Canada


Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the
"Company") is pleased to announce the appointment of Allan Danroth to the Board
of Directors, effective immediately.


Allan Danroth is currently Vice President, Planning, Business Transformation and
Information Services of Capital Power Corporation (TSX:CPX), a growth-oriented
North American power producer headquartered in Edmonton, Alberta. Capital
Power's business is the development, acquisition, construction, operation, and
optimization of large-scale, fuel-diverse, cost-effective power generation
facilities in North America. Mr. Danroth leads Capital Power's Planning,
Information Services and Supply Chain groups. He is responsible for strategic
planning, corporate forecasting and valuations, business transformation, supply
chain management, and information services. Prior to his appointment as Vice
President, Planning, Business Transformation and Information Services in January
2011, Mr. Danroth was Vice President of Genesee Operations of Capital Power
Corporation, which included a coal mine producing 5 million tons of coal per
year for a 1,300 MW power plant. He also held this position with EPCOR Utilities
Inc. (EPCOR), upon joining the company in 2008, prior to the spin off by EPCOR
of its power generation business to create Capital Power Corporation in July
2009. 


Mr. Danroth has extensive operational and leadership experience in the pulp and
paper industry, including the AV Group, Canfor, and Weyerhaeuser. A graduate of
Athabasca University's MBA program, and the British Columbia Institute of
Technology Management program, Mr. Danroth also holds a First Class Power
Engineering designation. Mr Danroth sits on the Board of Inversa Systems and has
previously sat on the non-profit board for The Support Network. In 2011, Allan
was named Alberta's CIO of the Year by Alberta Oil & Gas Magazine.


Mr. Danroth joins the Saturn Minerals Board as the Company moves into more
advanced and intensive exploration programs on its coal and oil & gas properties
in Saskatchewan and Manitoba. Saturn Minerals welcomes Allan Danroth and looks
forward to the leadership he will provide to the Board and to the overall
direction of the Company.


As part of the Company's incentive and retention program, the Board of Directors
of the Company has approved the grant of 1,705,000 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 & resources 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 strategic ownership in Inowending Exploration & Development
Corp., a First Nations owned exploration and 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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