SOURCE: Saturn Minerals Inc.

May 25, 2007 12:21 ET

Saturn Minerals Inc. Arranges Financing With MineralFields Group

VANCOUVER, BC -- (MARKET WIRE) -- May 25, 2007 -- Saturn Minerals Inc. (TSX-V: SMI) ("Saturn") wishes to announce that Saturn has arranged a private placement with one of Canada's premier mining funds, the MineralFields Group of Toronto, Ontario. It has been agreed that this institutional non-brokered private placement (the "MineralFields Placement") will consist of the issuance of 1,500,000 flow-through units ("FT Units") at $0.20 per unit to the MineralFields Group. Each of the units will consist of one common share and one-half of one non-transferable share purchase warrant ("warrant"). One full warrant will entitle the holder to purchase one additional non-flow-through common share of Saturn for a period of two years at a price of $0.25 per share. Saturn has agreed to pay a cash finder's fee to Limited Market Dealer Group of 6% of the proceeds raised and non-flow-through finder's warrants equal to 8% of the number of units subscribed for at an exercise price of $0.25 for a term of 24 months.

Concurrently, and in addition to the MineralFields Placement component, Saturn has also arranged a non-brokered private placement (the "Additional Placement") consisting of the issuance of 1,000,000 flow-through units at $0.20 per unit to other qualified parties. Each of these units will also consist of one common share and one-half of one non-transferable share purchase warrant ("warrant"). One full warrant will entitle the holder to purchase one additional non-flow-through common share of Saturn for a period of two years at a price of $0.25 per share. Saturn may pay a finder's fee or commission in accordance with the policies of the TSX Venture Exchange in respect of the Additional Placement. Both placements are expected to close simultaneously.

"We are very pleased to be entering into this relationship with MineralFields Group," said Mike Elson, President & CEO of Saturn. "This is an important milestone in the growth of Saturn Minerals Inc. and we look forward to working with MineralFields Group as we develop our holdings in British Columbia."

About MineralFields, Pathway and First Canadian Securities

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

Completion of this flow-through private placement is subject to the delivery of definitive subscription agreements and TSX Venture Exchange acceptance. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.

Proceeds of this financing will be used to advance Saturn's Canadian exploration properties located in British Columbia.

On behalf of the Board of Directors

"Mike Elson"

Mike Elson
President

Forward-looking statements -- statements included in this news release that are not historical facts may be considered "forward-looking statements." All estimates and statements that describe the Company's objectives, goals or future plans are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

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