Apr 19, 2012
Saturn Minerals Commences 1,627 line-km Airborne Gravity Survey on Little Swan & Bannock Creek Oil & Gas Properties, Eastern Saskatchewan
April 19, 2012, Vancouver -- Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) ("Saturn" or the "Company") has engaged Fugro Airborne Surveys of Ottawa, Ontario, ("Fugro") to conduct a 1,627 line-kilometer airborne gravity survey (the "Spring Survey") over the Little Swan and Bannock Creek oil & gas properties and certain coal properties in Manitoba.
The Spring Survey will add geophysical gravity interpretation based on 300 meter spaced lines to the results of geophysical work previously completed on the Little Swan & Bannock Creek properties. Airborne gravity data from the Spring Survey will serve to refine certain areas on both properties which the Company has targeted for advanced exploration via 2D seismic survey. Those areas which display structural merit will be the focus of first round exploration wells and stratigraphy tests.
Since 2010, Saturn has continued to encounter evidence for the presence of hydrocarbons in eastern Saskatchewan and western Manitoba during its various coal exploration programs. Coal exploration drilling in eastern Saskatchewan has encountered significant sections of Devonian limestone with impregnations of degraded hydrocarbons at very shallow depths (see news release, dated Oct 26th, 2011) and excellent reservoir properties of certain Devonian rock formations. Coal exploration drilling in western Manitoba has encountered intervals of black, organic-rich calcareous shales. These shales are currently being tested to determine the character, content and maturity of organic matter contained therein to assess their hydrocarbon generation potential. The presence of degraded hydrocarbons at shallow depths in east-central Saskatchewan and organic-rich shales in west-central Manitoba provide a strong exploration case for the potential presence of oil & gas at greater depths.
The results of the Spring Survey and further geophysical work are intended to build the basis of a broad structural analysis of the Little Swan & Bannock Creek properties with regards to potential presence of structural and/or stratigraphic traps for conventional oil & gas exploration. The Little Swan and Bannock Creek oil & gas properties are two of the largest oil & gas properties in the province of Saskatchewan totaling over 150,000 hectares in size and are each 100% owned by Saturn (see attached map).
The Spring Survey will also encompass certain coal properties in Manitoba over which the Company had previously completed the Sander Survey (see news release, dated Jun 14th, 2011). Fugro originated gravity data has, to date, proven significantly effective for coal exploration in Manitoba. Drilling of gravity anomalies identified in Fugro surveys have resulted in both Manitoba coal discoveries (the Karolina & Thunder Discoveries) as well as the identification of the Overflowing Trend (see news releases, dated Mar 29th, 2011 & Apr 12th, 2012).
Dr. Krzysztof Mastalerz, P.Geo, is the Company's Qualified Person under 43-101 standards who has reviewed and approved the technical content of this release.
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 three 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.
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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