Savant Explorations Ltd.
TSX VENTURE : SVT

Savant Explorations Ltd.

February 24, 2009 13:35 ET

Savant Explorations Ltd. Closes $70,000 Non-Brokered Units Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2009) -

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Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") closed a non-brokered private placement of 1,166,666 Units for gross proceeds of $70,000 with Selwyn Resources Ltd., previously announced on February 11, 2009. Each Unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable at a price of CDN$0.10 for a period of two years from closing, expiring on February 23, 2011. The securities sold have a four month hold period, expiring on June 23, 2009. There is no commission or finder's fee associated with the financing. Savant will use the proceeds for general corporate purpose.

Except for the statements of historical fact contained herein, the information presented in this News Release constitutes "forward-looking statements" as such term is used in Canadian laws. These statements relate to information that is based on forecasts of future events and assumptions of management. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this News Release.

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

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