Savant Explorations Ltd.

Savant Explorations Ltd.

June 09, 2009 12:00 ET

Savant Explorations Grants Options to Directors, Officers and Consultants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2009) - Savant Explorations Ltd. (TSX VENTURE:SVT) wishes to inform shareholders that it has granted options to directors, officers and consultants for the purchase of 550,000 common shares of the Company. The options are granted pursuant to the Company's Stock Option Plan and have an exercise price of $0.10 per share, a term of five years and are fully vested.

The granting of the options to directors, officers and consultants shall increase options outstanding to 1,860,000 or 7.4% of the issued shares of the Company. Under the Company's Stock Option Plan, it is approved to issue stock options for purchase of common shares not to exceed 10% of the issued shares of the Company.

About Savant Explorations Ltd.

Savant Explorations Ltd. is a Canadian-based mineral exploration company with key properties located in Mexico, Chile, Nunavut, Ontario and California. Savant's primary exploration projects are the Vinata polymetallic project in Chihuahua, Mexico and the Gabriela porphyry copper property located in Region II, Chile. Other projects include the Yava project in Nunavut where Savant holds claims and leases covering approximately 25 kilometres of strike of the prospective Archean Hackett-Back River greenstone belt south of Sabina Silver Corp.'s Hackett River Deposit and the advanced stage Blue Moon project massive sulphide property located 35 kilometres east of Merced in Mariposa County, California.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.

Contact Information

  • Savant Explorations Ltd.
    John McClintock
    President and CEO
    (604) 801-7240
    (604) 689-8355 (FAX)