News Releases

Vancouver, June 30, 2011 -- Saturn Minerals Inc. -- SMI: TSX.V ("Saturn", or the "Company"), announces that it has received $1,214,912 in respect of 8,394,250 of its outstanding warrants having been exercised since it's December 31, 2010 financial year end date. The warrants were in relation to several outstanding issuances including the following:

^{* Original exercise date was accelerated from June 2, 2012}

^{* Original exercise date was accelerated from June 2, 2012}

With respect to the exercise of the warrants outlined above, and pursuant to the issuance of warrants in relation to private placements completed since the Company's year-end, the Company currently has 8,384,125 warrants outstanding.

The Company also announces that Murray McClaren has resigned as a Director of the Company.

About Saturn Minerals Inc.

Saturn Minerals Inc. (SMI: TSX.V) is a junior Canadian energy & resources company advancing a portfolio of energy and resource assets in Saskatchewan and Manitoba. The Company owns over 1,240 sq. km of coal rights and 1,524 km of oil & gas rights in eastern Saskatchewan and western Manitoba.  Saturn has made two coal discoveries at its Saskatoba Project since 2009, including one of the thickest coal intercepts encountered in Canada at 88 meters. Saturn continues to build strategic relationships throughout Saskatchewan & Manitoba to pursue new opportunities and advance current projects in the eastern regions of the Western Canadian Sedimentary Basin.

To learn more, please visit the Company's website at: www.saturnminerals.com or call (604) 685-6989.

SATURN MINERALS INC. 

s/ "Stan Szary" 

President

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE