Saturn Minerals Inc.
TSX VENTURE : SMI
FRANKFURT : SMK

Saturn Minerals Inc.

February 24, 2015 09:00 ET

Saturn Minerals Announces Additions to Advisory Board

- Chris Barton, B.Sc, P.Geo, Petroleum Geophysicist

- Craig Boland, M.Sc, P.Geo, Petroleum Geologist

- Curt Maxwell, Petroleum Landman

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 24, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that Chris Barton, Craig Boland and Curt Maxwell have joined the Advisory Board of Saturn, significantly bolstering the Companies operating technical team with regard to the Company's oil & gas projects.

Chris Barton, P.Geo, is a professional geophysicist with over 30 years of experience across the entire Western Canadian Sedimentary Basin and Williston Basin. Mr. Barton began his career as a geologist at Unocal where he transitioned to the role of geophysicist and thereafter worked and acted as consulting geophysicist at Conoco Canada, Pinnacle Resources, Groundswell Energy and Burlington Resources Canada. In 2006 he was appointed to the role of Vice President of Exploration at Kereco Energy and was instrumental in the identification, discovery and development of over 70 successful oil wells in Saskatchewan and Manitoba for Reliable Energy which he helped to take it from zero production to over 1,100 boed and was successfully sold to Crescent Point Energy for $97 million in 2012. Mr. Barton is the founder and president of Shadow Energy, a geophysical consulting firm. Mr. Barton has a Bachelor of Science degree in Geology from the University of Calgary (1981).

Craig Boland, P.Geo, is a professional geologist with over 30 years of diverse oil & gas experience ranging from junior exploration to senior and executive positions with major exploration & production companies, including Texaco Canada, Imperial Oil & Gas, Intensity Resources, Grizzly Resources (founding partner), Ironhorse Oil & Gas (founding partner), Archean Energy (head of exploration, United Kingdom & West Africa) and Century International (managing director). Mr. Boland has drilled exploration and production wells throughout Western Canada and Northern Canada, the United States as well as South America, West and North Africa, South East Asia and the Gulf of Mexico. In 2007 Mr. Boland founded Boland Exploration Consulting which has since provided technical evaluations, professional opinions, financing and technical advice to domestic and international energy firms, including Golden Oil Corp. (Korea), Tong Yang (Korea), PYPE Enterprises Inc. (USA/Asia), Canadian Espirito Energy CEE (Brazil), Sydco, Kootenay Energy, Valero Resources, Petroleo Resources, Anchor Point Energy, Ptarmigan Energy, Shadow Energy and Waldron Energy. Mr. Boland is a director of CEE and is a professional member of APEGGA, AAPG and CSPG. Mr. Boland has a Bachelor of Sciences degree in Geology and a Masters of Sciences degree in Earth Science from Memorial University of St. John's, Newfoundland (1984).

Curt Maxwell is a professional Landman with over 35 years of industry experience in the Western Canadian basin, NWT, offshore Canada and the northern USA. Mr. Maxwell obtained a Bachelor of Social Work from the University of Calgary before a career change into the oil and gas business. Mr. Maxwell began his Landman career at Petro-Canada and has held progressively more senior roles with General American Oils, Phillips Petroleum and EOG Resources. For the past 15 years Mr. Maxwell has worked in all aspects of Land as a Consulting Landman with more than 20 junior companies. Mr. Maxwell has been involved in the exploration, development and A&D of several significant properties. He currently continues to be involved in several operating management teams.

The new advisory board members have been consulting to the Company in regard to Saturn's oil & gas properties since 2013 and are a welcome addition as Saturn further develops its Bannock Creek and Little Swan properties in Saskatchewan's' Williston Basin.

The Company also announces that pursuant to the Company's Stock Option Plan it has granted 3,500,000 stock options at a price of $0.20 per common share to employees, directors, advisors and consultants of the Company. As per the Company's Stock Option Plan, the options granted are exercisable until February 24, 2020 and vest over a period of 18 months from the date of grant. Grant of the options is subject to the approval of the TSX Venture Exchange.

About Saturn Minerals Inc.

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) is a junior Canadian energy company advancing a portfolio of oil and coal properties in Saskatchewan and Manitoba. The Company has interests in 376,800 acres of exclusive oil & gas rights in Saskatchewan and is advancing a number of oil exploration projects. Saturn has also made three shallow bituminous coal discoveries since 2009 with coal seams ranging in continuous vertical thickness from 9 to 89 meters. Saturn has a strategic ownership in Inowending Exploration & Development Corp., a First Nations owned exploration and development company co-founded by Saturn with a consortium of Saskatchewan First Nations active in Canada's prairie provinces.

On Behalf of the Board of Directors

SATURN MINERALS INC.

Stan Szary, Chief Executive Officer

NEITHER THE 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 NEWS RELEASE.

Contact Information

  • Saturn Minerals Inc.
    Stan Szary
    Chief Executive Officer
    +1 (604) 685-6989
    +1 (604) 685-6961 (FAX)
    www.saturnminerals.com