Savant Explorations Ltd.
TSX VENTURE : SVT

Savant Explorations Ltd.

June 11, 2008 16:00 ET

Savant Explorations Ltd. Acquires Prime Targets in Heart of the Santa Eulalia Polymetallic District, Chihuahua, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce that it has reached an arms length agreement with a private Mexican company to acquire an option for a 100% interest in the 8,900 hectare Vinata Property for US $2,635,000 payable over 5 years. The initial payment is US$85,000.

The property, located 60 km south of the city of Chihuahua, State of Chihuahua, is accessible by road and has excellent discovery potential for large, covered, high grade lead, zinc, silver (copper, gold) carbonate replacement deposits (CRD) comprised of limestone hosted mantos, chimneys and skarns similar to the nearby producing Santa Eulalia and Naica mines (respectively 55 km NE and 55 km SE of Vinata) where published past production figures are respectively estimated at 50 million tonnes grading 315 gpt silver, 8.5% lead, 7.5% zinc, 0.3% copper with tin and gold credits and 25 million tonnes grading 155 gpt silver, 5.5% lead, 4.3% zinc and 0.4% copper.

The property covers Tertiary aged dacitic volcanic rocks overlying the favourable Mesozoic limestone formation. Evidence in the volcanic rocks of underlying mineralization includes historically mined manganese veins with recoverable silver and copper and pervasive argillic alteration extending over 6 by 2 km and 10 by 3km areas. Limited sampling of manganese oxide/carbonate rich veins cross cutting the volcanics shows local anomalous silver values from 16 ppm to 36 ppm, lead from 114ppm to 230ppm, zinc from 165 ppm to 593 ppm, copper from 105 ppm to 120 ppm, molybdenum from 60 ppm to 549 ppm, occasional high values of pathfinder elements tungsten from 100ppm to 636ppm, antimony from 176ppm to 698ppm, vanadium from 118 ppm to 473ppm and in one area, anomalous gold from 60 ppb to 375ppb. This type of strong argillic alteration and geochemically anomalous values of base and precious metal associated with the manganese veining, are very similar to the hydrothermal alteration products that occur in the volcanic rocks at Santa Eulalia, which overlie a large part of the deposit, and in rocks overlying other known CRD deposits within this regional trend. The alteration and path finder mineralization in the volcanic rocks at Vinata are of similar aerial extent to the mineralized system at Santa Eulalia. Given the known stratigraphic thickness of the flat lying volcanic package and the fact that the alteration and veining occur mostly in a valley, suggest the lower most portion of the volcanic sequence is exposed at Vinata, and therefore, the depth to the targeted limestone unit will not be excessive.

John McClintock, president of Savant commented that the property fits Savant's strategy of acquiring large land packages in favourable districts with potential for large, high unit value deposits that are well suited for both open pit and high volume underground mining methods. The property is under explored with no known exploration of the property since the manganese veins were exploited in the 1950s. The property is situated in the heart of the arguably most productive region in the world for Carbonate Replacement Deposits (CRD), well known for its large tonnage, high unit value ores as currently being mined in some of Mexico's largest lead/zinc/silver/(copper) mines of this kind including Bismark (Chihuahua State),La Paz (San Luis de Potosi State) and Charcas (San Luis de Potosi State). The historically mined manganese veins with low levels of silver and copper and extensive areas of hydrothermal clay alteration evidence potential for CRD mineralization at depth on the Vinata property. The presence of other similar smaller CRD's including Magistral (copper/silver/gold skarn) and Savonarola (manganese/silver/zinc mantos & veins) respectively 22 km west and southeast of Vinata further support the high discovery potential of the Vinata project area. Savant's right to acquire a 100% interest and to assign all or part of the property at anytime gives Savant maximum flexibility in any future decision to fund exploration through a partnership. Savant views the acquisition of the Vinata property as the first stage of its aggressive search for CRD deposits in Mexico.

Initial exploration of the property including geological mapping and geophysical surveys to define targets for a subsequent drill program is planned for late in the second quarter or early in the third quarter.

John McClintock, P. Eng, President Savant Explorations Ltd. and Richard Cote, ing are 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 Vinata 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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