Oct 28, 2008
Saturn Minerals and Swift Resources Receive 25 Additional Coal Prospecting Permits
Vancouver, Oct. 28, 2008 -- Saturn Minerals Inc. -- SMI: TSX.V ("Saturn") & Swift Resources Inc. -- SWR: TSX.V ("Swift"), (the "Companies"), have received an additional 25 coal prospecting permits from the Saskatchewan Ministry of Energy & Resources. The Companies have now received a total of 133 coal prospecting permits covering a total of 101,392 hectares (1,013.92 sq. km.) for lands located south, west and northwest of the recent coal discovery made by Goldsource Mines Inc (see attached map). The Companies have also received comfort letters giving priority sequence for an additional 130,176 hectares (news releases dated May 28, June 25, July 17 and October 1).
The 133 coal prospecting permits received to date grant Saturn and Swift the exclusive right to explore for coal within an area of 101,392 hectares.
Barry Ryan, PhD, P.Geo and Krzysztof Mastalerz, PhD, P.Geo (the Companies' Qualified Persons as defined by NI 43-101) will develop an exploration program for the permitted ground. Saturn will be the operator of the exploration project and the costs of exploration will be divided on the basis of 60% Saturn and 40% Swift as per the Joint Venture Agreement entered into between the Companies (news release May 28, 2008).
For more information, please contact
Stan Szary, Director
T: (604) 685-6989 F: (604) 687-1327
SATURN MINERALS INC.
SWIFT RESOURCES INC.
President & Chief Executive Officer
You can view the Next News Releases item: Fri Dec 19, 2008, Saturn Minerals Inc. Arranges Financing With Loeb Aron & Company Ltd.
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