Sanatana Resources Inc.
TSX VENTURE : STA

Sanatana Resources Inc.

March 13, 2015 14:57 ET

Sanatana Provides Additional Commentary With Respect to the Arbitration

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 13, 2015) - Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA) provides further background to its news release of March 11, 2015. As previously disclosed, in late April 2013, Trelawney Mining and Exploration ("Trelawney") made an application to the Ontario Mining and Lands Commissioner (the "MLC") for easements over significant areas of the Watershed Property. Trelawney formally withdrew its application in November 2014 and in early January of this year a cost submission was heard in front of the MLC. The decision of the MLC with respect to costs has not yet been rendered and is expected shortly. Sanatana's management wishes to clarify that the Company's disclosure of March 11, 2015, with respect to the arbitration (the "Arbitration") and its discontinuance, was a separate legal proceeding from Trelawney's easement application before the MLC. Further details of the Arbitration are summarized below.

Arbitration

Following the orders of the MLC discontinuing the easement application of Trelawney and removing notes of pending proceedings on the Watershed Property, the Arbitration was rendered moot and Sanatana and Trelawney Augen Acquisition Corp. ("TAAC") agreed to discontinue the Arbitration between Sanatana and TAAC without costs. For further details on the Arbitration see Sanatana's news release dated November 5, 2013 (a copy of which is available under Sanatana's SEDAR profile).

Commenting on the discontinuance of the Arbitration, Peter Miles, Chief Executive Officer of Sanatana, stated: "We commenced the arbitration proceedings in part because Trelawney, a subsidiary of IAMGOLD Corporation and the parent company of TAAC, was seeking easements over mining claims comprising the Watershed Property. We objected to the proposed easements for a number of reasons and given that Trelawney discontinued its easement application and the MLC removed the pending proceedings note on the Watershed Property, we felt it was prudent to discontinue the arbitration proceedings."

About the Company

Sanatana Resources Inc. is a Canadian mineral exploration and development company focused on its Watershed Property in Ontario. Sanatana entered into an option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly Augen Gold Corp.) ("TAAC") which grants Sanatana an option to acquire up to 51% of the Watershed Property consisting of 46 mining claims totalling approximately 19,006 acres and located within the townships of Yeo, Chester, Neveille and Benneweis. As at November 28, 2012, Sanatana exercised its first option and is the legal and beneficial owner of 50% of the Watershed Property. Sanatana has until March 23, 2016, to decide whether to exercise its right to acquire a further 1% in the Watershed Property.

In June 2012, IAMGOLD Corporation completed its acquisition of Trelawney Mining and Exploration Inc. and became the sole indirect shareholders of TAAC. In 2013, Sanatana expanded the Watershed Property by acquiring, for the sole benefit of Sanatana and TAAC, a 20% interest in three additional mining claims located in Yeo and Chester Townships, Ontario. In addition to the Watershed Property, Sanatana also has exploration property in Saskatchewan. With an experienced management team and board of directors, the Company has the ability required to identify, develop and fund economic mineral properties. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSX VENTURE:STA).

The technical portions of this news release were reviewed and approved by Troy Gill BSc. MAIG, Exploration Manager for the Company, a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

SANATANA RESOURCES INC.

Peter Miles, President and Chief Executive Officer

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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