Savant Explorations Ltd.
TSX VENTURE : SVT

Savant Explorations Ltd.

October 15, 2007 09:30 ET

Savant Explorations Ltd. to Drill Three Prime Targets in Heart of the Chilean Porphyry Copper District

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce the plans to drill three priority porphyry copper targets on its 3500 hectare Gabriela property, located in Chile's prolific Paleocene porphyry copper district. The Gabriela property is well located along a major highway and power transmission lines approximately 60 kilometres north of BHP Billiton's Spence mine (annual production of 200,000 tonnes of copper) and 40 kilometres west of Codelco's Chuqicamata mine.

Savant's recently completed field and data review of the Gabriela property, has concluded that the property is of much higher priority than previously supposed and is a priority to drill test. Based on the data from past exploration by Westmin Resources and from the recently completed field examination of outcrops and drill cuttings, three targets for porphyry copper mineralization are confirmed. The targets are referred to as Pinchazo, Corobre and Corobre Extension.

All of the targets occur in Cretaceous-age andesitic volcanic rocks that are intruded by younger Cretaceous to Eocene intrusive rocks. The Pinchazo target is a 1200 by 600 metre area of poorly exposed leached capping tested to an average vertical depth of 180 metres. Copper and copper gold mineralization associated with clay-sericite alteration or energite bearing hydrothermal breccias is present in all of the holes. The energite-bearing hydrothermal breccia is interpreted to be a late stage, lower temperature overprint. Copper values in the hypogene mineralization from the lower most part of the holes averages over 0.1% copper with values ranging from 0.31% to 0.025% copper. The low but consistent copper values, clay and sericite alteration with late stage low-temperature energite bearing hydrothermal breccias suggests that the previous drilling tested only the peripheral upper part of a porphyry system. The system has not been tested at depths greater than 200 metres and a large target exists below the current level of drilling for a higher grade, copper-molybdenum and or copper-gold porphyry deposit. High-grade hypogene porphyry copper mineralization is known to occur elsewhere beneath similar alteration and low-grade mineralization such as BHP Billiton's and Rio Tinto's Resolution deposit in Arizona. Savant will test the Pinchazo zone with three-600 metre long drill holes.

The Corobre target occurs 2 kilometres southeast of Pinchazo and is centred on a 900 by 500 metre greater than 20mV/V gradient array induced polarization anomaly underlain by strongly leached, andesite volcanic rocks cut by tourmaline and hydrothermal breccias. Three holes drilled peripherally to the anomaly and prior to the induced polarization survey, cut pyritized, propylitically or clay-sericite altered andesite with anomalous values of copper (greater than 125 ppm). The type of alteration exposed in out crops with in the anomaly, combined with the alteration and anomalous copper values in the peripheral drill holes indicate excellent potential for both enriched porphyry copper mineralization and high-grade hypogene mineralization within the area of the induced polarization anomaly. Savant will test the Corobre with at least two holes.

To the southeast of Corobre, the induced polarization anomaly remains open and appears to be building in strength. In this direction, there is no outcrop exposure and no geophysical survey coverage. The closest 3 hole define an untested area more than 2 by 2 kilometres. The peripheral holes intersected a variety of andesitic volcanic rocks containing pyrite and variable intensities of propylitic alteration with anomalous levels of copper. The type of alteration in the peripheral holes and the low but anomalous copper content are similar to that found in the periphery of the Spence deposit located 60 kilometres to the south. The 2 by 2 kilometre gravel covered area is a high priority target for enriched copper porphyry mineralization. The target will be tested by 3 to 4 holes.

Savant plans to commence the drilling program at Gabriela in December 2007 or January 2008 depending on rig availability. Savant is well funded to carry out the program estimated to cost approximately US $450,000. The details of the drilling program will be available in a report by Paul G. Lhotka PhD, P. Geo., which will be filed on SEDAR and on our company website.

The Gabriela property is 100% owned by Savant. A portion of the property, referred to as the Yuby claims is subject to Xstrata's back-in right to earn 50% of Savant's interest in the property by spending 2.5 times Savant's expenditure on the property. The earn back provision covers the Pinchazo and Corobre targets.

John McClintock, P. Eng, President Savant Explorations Ltd. is the Qualified Persons, as defined by National Instrument 43-101, responsible for the technical data in this news release.

This press release contains forward-looking statements concerning the mineralization at and the potential of the Gabriela Project. These forward-looking statements are based upon the reasonable beliefs of Savant and its management as of the date of this news release; however, forward-looking statements involve risks and uncertainties and are based upon factors that may change and assumptions that may prove, with the passage of time, to be incorrect as a result of exploration and other risk factors associated with mineral exploration and development that are beyond the control of Savant. Accordingly, undue reliance should not be placed upon such statements. If factors materially change or assumptions are materially incorrect, the actual results, performance or achievements of Savant may be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Savant does not undertake any obligation to update or revise any forward-looking statements to reflect new information, future events or otherwise, except as required by applicable law.

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