Savant Explorations Ltd.

Savant Explorations Ltd.

April 14, 2010 20:20 ET

Savant Explorations Grants Options to Directors, Officers and Consultants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2010) -  Savant Explorations Ltd. (TSX VENTURE:SVT) informs shareholders that the Board of Directors has approved the granting of stock options to directors, officers and consultants for the purchase of 1,000,000 common shares of the Company. The options are granted pursuant to the Company's Stock Option Plan and have an exercise price of $0.14 per share, a term of five years and are fully vested.

The granting of the options to directors, officers and consultants will increase options outstanding to 2,860,000 or 5.9% of the issued shares of the Company. Under the Company's Stock Option Plan, stock options for the purchase of common shares can be issued for up to 10% of the issued shares of the Company.

This news release may contain forward-looking statements. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate, or due to other risk factors beyond Savant's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

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