Savant Terminates McWatters Option

Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") has provided a termination
notice to the owners of the McWatters Project. Although exploration results from
the last round of drilling were considered encouraging, they were not sufficient
to justify the costs required to continue with the project given the current
financial market conditions for junior resource companies.


Management continues in its search for new exploration projects as well as
partners for its advanced stage Blue Moon Project and its Yava polymetallic
projects. After receipt of a US$250,000 option payment on its Chilean property
(as announced in a news release dated April 23, 2012), the Company has
approximately $700,000 for which to carry out its plans. Management is also
hopeful that the remaining US$3.5 million due pursuant to the Chilean property
option agreement will be paid as scheduled over the next three years. The
Company will maintain a 2.5% NSR on the project once all cash payments have been
received.


This news release contains forward-looking statements. These statements are
based on assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of failure to obtain
necessary regulatory approvals, the failure to reach agreement on final
documentation, exploration results and other risk factors that are beyond
Savant's control. There can be no assurance that such forward-looking statements
will prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements contained in this
news release.