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SVT

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Share Name Share Symbol Market Type
TSXV:SVT 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 -

Savant Explorations Ltd. Announces Board Changes and Granting of Options to Officers and Directors

14/10/2011 2:15pm

Marketwired Canada


Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce
that Mr. Reginald Advocaat has been appointed to the Board. 


Mr. Advocaat has 29 years experience in the junior mining sector initially as
broker and trader with Pacific International Securities Inc. with a primary role
of underwriting junior resource companies. Since 1986 and prior to his current
role as President of Fortunate Sun Mining Company Ltd., Mr. Advocaat worked as
an investor relations and corporate development consultant for several TSX
listed companies including Eldorado Gold Corp. and Great Panther Resources Ltd.
Mr. Advocaat played a primary role in raising over $100 million for public
companies during his career. 


Mr. Advocaat replaces Mr. Ron Simpson who has retired from the Board. Savant
wishes to thank Mr. Simpson for his role in the startup of Savant and his
dedication and efforts on behalf of Savant over the past four and half years.


The Board of Directors has approved the granting of stock options to directors,
officers and consultants for the purchase of 1,250,000 common shares of the
Company. The options are granted pursuant to the Company's Stock Option Plan and
have an exercise price of $0.10 per share, a term of five years and are fully
vested. 


This press release contains forward-looking statements. These forward-looking
statements are based upon the reasonable beliefs of Savant and its management as
of the date of this news release; however, forward-looking statements involve
risks and uncertainties and are based upon factors that may change and
assumptions that may prove, with the passage of time, to be incorrect as a
result of exploration and other risk factors associated with mineral exploration
and development that are beyond the control of Savant. Accordingly, undue
reliance should not be placed upon such statements. If factors materially change
or assumptions are materially incorrect, the actual results, performance or
achievements of Savant may be materially different from any future results,
performances or achievements expressed or implied by such forward-looking
statements. Savant does not undertake any obligation to update or revise any
forward-looking statements to reflect new information, future events or
otherwise, except as required by applicable law.


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