Aug 05, 2008
Saturn Minerals Grants Stock Options
Vancouver -- Tuesday, August 5, 2008 -- Saturn Minerals Inc. -- SMI: TSX.V ("Saturn" or the "Company"), has, pursuant to Saturn's Stock Option Plan, granted 449,000 stock options at a price of $0.29 per common share to employees, directors, advisors and consultants. The Stock Option Plan was approved by Saturn's shareholders at the Company's Annual General Meeting held on June 27, 2008.
Under the Stock Option Plan the options granted are exercisable until August 5, 2013 and vest over a period of 18 months from the Date of Grant.
Grant of the options is subject to the approval of the TSX Venture Exchange.
SATURN MINERALS INC.
President & Chief Executive Officer
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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