Savant Explorations Ltd.
TSX VENTURE : SVT

Savant Explorations Ltd.

August 25, 2010 10:10 ET

Savant Explorations Ltd. Initiates Aeromagnetic/XDS-VLF Survey on McWatters Gold Property, Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2010) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant" or "the Company") is pleased to announce Terraquest Ltd. of Markham Ontario has commenced a 265 line-kilometre high resolution aeromagnetic-XDS-VLF–EM survey over Savant's recently acquired McWatters Gold Property where the Company has an option to earn a 100% interest in the 852.5 hectare property (see Savant press release June 29, 2010). The McWatters Property is located 6 kilometres east of Rouyn-Noranda and situated on the prolific Cadillac-Larder Lake Break, midway between two of the Abitibi's largest gold camps: the Kirkland-Larder Lake District (Past Production 36.9 Moz) and the Cadillac District (past production 12.2 Moz).

The McWatters Property covers 4.0 km of strike length along the Cadillac-Larder Lake Break and includes the past producing McWatters Mine (reported past production of 334,500 tonnes grading 10.8 grams/t gold), and two nearby historical resources of 235,000 tonnes grading 6.6 grams/t gold and 170,000 tonnes grading 5.0 grams/t gold. A Qualified Person has not done sufficient work to classify these historical estimates as current mineral resources. Savant is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon. 

The potential for the discovery of large high-grade gold deposits similar to those in Kirkland-Larder Lake District 50 km to the West and the Cadillac District 50 km to the East is promising. Savant will use the new aeromagnetic/VLF data to guide subsequent systematic exploration drilling for gold mineralization in the extensions of the known mineralization as well as other areas within and peripheral to the Cadillac-Larder Break.

John McClintock, P. Eng. CEO of Savant is the Qualified Person, as defined by National Instrument 43-101, responsible for the technical data in this news release.

This news release contains forward-looking statements concerning the McWatters Property. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to obtain necessary regulatory approvals, the failure to reach agreement on final documentation, exploration results and other risk factors that are 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.

Neither 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 release.

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