VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2012) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that it has acquired a 100% undivided interest in the Little Swan oil & gas property in eastern Saskatchewan from the Company's former joint-venture partners.
The Little Swan property is 102,757 hectares in size and located immediately adjacent to the Company's Armit coal property and is accessible by highway and extensive logging roads. The Little Swan property is one of the largest oil & gas permits in the province of Saskatchewan and was acquired by Saturn in early-2011 after evidence of hydrocarbons were encountered during the course of coal exploration.
The Company is presently finalizing its 2012 exploration and drilling plans for the Little Swan and Bannock Creek oil & gas properties, both located near the Pasquia Hills in eastern Saskatchewan.
About Saturn Minerals Inc.
Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT: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.
On Behalf of the Board of Directors
SATURN MINERALS INC.
Stan Szary, Chief Executive OfficerNeither 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.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here