Savant Explorations Ltd.

Savant Explorations Ltd.

December 17, 2007 10:54 ET

Savant Explorations Ltd. Reports Positive Results From the Initial Appraisal of HeliGEOTEM Survey Results and Ground Follow Up Work on the Polymetallic Yava Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to report it has confirmed the potential for precious metal-bearing polymetallic massive sulphide mineralization on the Yava Property located in Nunavut, Canada, following the initial appraisal of results from the Fugro high resolution time-domain HeliGEOTEM® electromagnetic and magnetic survey and preliminary ground follow up work. The 850 line-km Fugro survey flown at 100m line spacing, was notably successful in meeting its objectives of accurately locating and verifying the previously identified conductors detected by the frequency domain 1975 Kenting airborne survey as well as identifying new anomalies with characteristics suggestive of more deeply buried conductive bodies below the search depth of the earlier airborne survey. Commencing with an initial selection group of 30 conductors ranging in indicated strike lengths from 200m to 650m, a field investigation was undertaken in mid September 2007 by way of site-specific rock and soil sampling and geologic mapping. This field data combined with a more detailed examination of the electromagnetic and magnetic airborne data, enabled further refinement to thirteen (13) priority, discrete geophysical conductors warranting further ground investigation in the progressive preparation of an anticipated diamond drill program to test for large massive sulphide deposits. Priority targets are recognized on all four individual claim groups comprising the Yava Property. The largest concentration of targets occurs on the Main Zone Claim Group where six (6) conductors are located within a radius of 3 to 5 km from the Yava VMS mineralized body. Of the latter, four (4) were previously undetected by the 1975 Kenting airborne survey.

Based on bedrock exposure, over 50% of the selected targets are associated with sulphide bearing felsic exhalative units or in the immediate vicinity of dominantly quartz phyric felsic volcanic tuffs or fragmental within a predominantly mafic volcanic package. Approximately 15 to 20% of rock and soil samples collected returned geochemically anomalous values in silver (greater than 3gpt Ag), copper (greater than 100 ppm Cu) and zinc (greater than 150 ppm Zn). Noteworthy was a single grab sample from a poorly exposed sulphide stringer zone in chloritized mafic volcanics containing visible fine grained sphalerite and galena mineralization which assayed 3.45% Pb, 1.47% Zn, 1.17 gpt Au and 4,960 gpt Ag. Re-assay of the reject fraction of this rock sample at ALS Chemex Laboratories, confirmed the unusually high silver content (re-assay: 4,930 gpt Ag) associated with the lead and zinc mineralization. A detailed petrographic study of several polished sections of the coarse and fine fraction of the crushed rock subsequently completed by Vancouver Petrographics Ltd, confirmed the presence of the well crystallized and relatively abundant accessory mineral pyrargyrite, a silver/arsenic sulfosalt. The GEOTEM conductor associated with this well mineralized sample can be traced for 500m along strike, is interpreted to be relatively deep sourced and was not previously detected by the 1975 Kenting airborne survey. This conductor is considered by Savant to be a high priority target.

The Yava Property consists of 5,750 hectares of a mining lease and mineral claims covering approximately 35 kilometres of strike of the prospective Archean Hackett-Back River greenstone belt. The claims and lease stretch from 10 km south of Sabina Silver Corp.'s Hackett River Deposit (indicated mineral resource at 5 opt silver equivalent of 47 million tonnes grading 4.37 opt silver, 4.67% zinc, 0.32% copper, 0.68% lead and 0.009 opt gold; (Sabina News Release November 14, 2006) to 5 kilometres south of the Yava Main Zone massive sulphide occurrence. Savant holds a 100% interest in the Yava property subject to a 10% NPI that can be purchased at any time by Savant for $1.5 million.

The last significant exploration on the Yava Property was by the Brascan Resources Ltd.-Conwest Joint Venture in 1976. The Yava Property holdings cover one of the least-explored massive sulphide greenstone belts in Canada. Past work on the Property consisted of a 1975 Kenting Canso airborne EM survey that identified numerous shallow conductors on the Savant holdings. The Brascan-Conwest drilling focused primarily on the Yava Main Zone where ten short holes drilled along 500 metres of strike length tested the mineralization to an 80 metre depth. Brascan estimated that the Yava Main Zone contained 1.3 million tons grading 3.42 opt silver, 4.96% zinc, 1.03% copper, 1.6% lead and 0.008 opt gold. The mineralization remains open on strike and at depth. This estimate predates NI 43-101 and constitutes a historical estimate under that policy. The assumptions and parameters used in the Brascan resource estimation have not been identified by Savant and Savant is not treating this historical estimate as current Mineral Resources under NI 43-101. Historical estimates should not be relied upon.

A Quality Control assurance program of blanks and duplicates has been instituted to ensure the integrity of all geochemical and assay results. All samples were collected, tagged and prepared for shipment at the project site by Savant personnel and then flown to Vancouver, B.C., Canada for processing by ALS Chemex. Trace element analysis was completed using four acid digestions with ICP finish. Gold and silver were completed using fire assay with atomic absorption finish. Samples containing over 10 grams of gold per tonne or over 1,000 grams of silver per tonne were re-assayed using standard fire assay with gravimetric techniques. ALS Chemex also uses its own standards for quality control checks.

Richard Cote, ing. Vice President Exploration, 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 Yava 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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