Savant Explorations Ltd.

Savant Explorations Ltd.

August 20, 2007 16:00 ET

Savant Explorations Ltd. Announces Blue Moon, California, Poly Metallic Massive Sulphide Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2007) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce that it has commenced data verification including site visits with the objective of confirming the historical resource and assessing the exploration upside for additional mineralized bodies at the Blue Moon massive sulphide project located in Mariposa County, California. An initial meeting was held with the Mariposa County Planning Department, the lead agency for any exploration and mining development.

The Blue Moon project hosts precious metal - rich massive sulphide mineralization that was extensively explored by several companies in the 1980s and 1990s including Colony Pacific Explorations Ltd., Westmin Resources Inc., Lac Minerals (USA) Inc. and Boliden. The results of this work was summarized by Dr. Harlan Meade in a technical report prepared for Expatriate Resources Ltd., dated September 12, 2002 and filed on SEDAR under Yukon Zinc with a date of October 7, 2002. Dr. Meade reported the following historical resource on the Blue Moon, but did not independently verify the calculation as he did not have access to the complete data package at the time of writing the report.

This historical estimate is not current and does not meet current CIM Standards on Mineral Resource and Reserve Definitions and Guidelines and therefore should not be relied upon. The Company is not treating the Westmin resource estimate as current and it is reported here for historical purposes only.

Au Ag Cu Pb Zn
Category(1) Tons opt opt % % %
Probable 2,558,400 0.059 2.45 0.83 0.44 7.77
Possible 692,800 0.070 2.21 0.80 0.42 5.94
(1) These definitions are the ones used by Westmin Resources Limited and
are not compliant with definitions for Mineral Resources used in
NI 43-101.

Savant has acquired all of the historic data and is independently verifying data used to calculate the historical resource. The records are complete, organized and well documented including original assay sheets, drill logs, down-hole and surface survey records. Drill core and pulps from the assay samples used in the calculation are properly stored and available for additional verification analysis. The system of check assays used was thorough and meets current standards.

In addition to verification of the data for the historical resource, a review and reinterpretation of exploration data is underway. Several priority targets are apparent. Drilling data shows the down plunge extensions of the known mineralized bodies are not closed off. Of special interest is drill hole B70 drilled 300 south and 150 metres deeper than the closest hole. Drill-hole B70 cut a broad zone of what appears to be foot wall alteration and stringer zone mineralization capped by an exhalite horizon. The foot wall alteration and stringer mineralization below the exhalite horizon averaged 0.17% copper and 1.02% zinc over 15 metres while the exhalite horizon averaged 2.02 gpt gold, 89.47 gpt silver, 0.05% copper, 0.25% lead and 0.69% zinc over 1 metre. The drilling of additional holes around B70 to search for possible additional lenses of massive sulphide mineralization that might be associated with the stringer mineralization is warranted. A third target is a 600 metre long coincident gold, zinc and copper anomaly covering the exhalite horizon extending to the south of the mineralized bodies. The anomaly is defined by values greater than 50 ppb gold, 256 ppm zinc and 100 ppm copper. This geochemical anomaly has not been drilled.

Permitting of exploration on the Blue Moon property falls under the jurisdiction of the Mariposa Planning Department that acts as the lead agency in the permitting process. There are no protected areas, parks or other restrictions that would prevent applying for exploration or mining permits. In the 1990s the project was successfully permitted for a vertical shaft which was not started. The water discharge permit required for the shaft construction and operation is still valid.

During the next quarter, Savant will continue enhancing the value of the Blue Moon project through verification of the historical resource and identification of additional drill targets. Savant plans to seek a partner for the Blue Moon project with US underground mining and permitting experience capable of moving the Blue Moon project forward in to the feasibility study stage.

The Blue Moon property consists of 520 acres of patented and unpatented mineral claims and mineral rights on Spanish Land Grant lands. Savant holds 100% interest in the Blue Moon property subject to two 1% NSR royalties on the Red Cloud 1 to 8 claims, both capped at $700,000, a 10% NPI on the entire property held by Colony Pacific and a 0.5% NSR capped at $500,000 held by Boliden Westmin (Canada).

John McClintock, P. Eng, President Savant Explorations Ltd., is 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 Blue Moon 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.

Contact Information