Mar 07, 2012
Saturn Minerals Commences Drilling in Saskatchewan and Manitoba, Saskatoba Coal Project
March 7, 2012, Vancouver -- Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) ("Saturn" or the "Company") announces that it has mobilized and commenced its 2012 drilling program. Drilling activities are to be completed on the Company's Manitoba and Saskatchewan coal properties, including the Red Earth property in Saskatchewan. The Red Earth property is under an option agreement to Jameson Resources Ltd. of Perth, Australia (ASX: JAL) who owns a 10% interest in the Red Earth property and can earn up to a 60% interest by expending $870,000 in exploration over three years (see Saturn news release dated Nov. 10, 2011).
The Company also announces that the investor relations and corporate communications agreement with MI3 Communications Financieres Inc. has been terminated.
About Saturn Minerals Inc.
Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) is a junior Canadian energy & resources company advancing a portfolio of energy and resource assets in Saskatchewan, Manitoba and British Columbia. The Company has made two bituminous coal discoveries at its Saskatoba Project since 2009, including one of the thickest coal seams encountered in Canada at 89 metres thickness. The Company also has strategic ownership in Inowending Exploration & Development Corp., a First Nations owned exploration & development company active in Canada's prairie provinces.
To learn more, please contact the Company at (604) 685-6989 or visit: www.saturnminerals.com
On Behalf of the Board of Directors
SATURN MINERALS INC.
s/ "Stan Szary"
Chief Executive Officer
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
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