Signet Minerals Inc.

Signet Minerals Inc.

October 13, 2006 18:21 ET

Signet Shareholders Approve All Matters at Meeting

COMOX, BRITISH COLUMBIA--(CCNMatthews - Oct. 13, 2006) - Signet Minerals Inc. (TSX VENTURE:SGN) announces that Signet held its annual general and special meeting of shareholders on Friday, October 13, 2006. All of the resolutions put forth at the meeting were approved by shareholders. The three members of the board of directors elected at the meeting are Kieran M.J. Downes, Brian D. Cebryk and Richard Kusmirski. Information concerning the directors who were elected and the matters that were approved by shareholders at the meeting can be found in Signet's information circular dated September 8, 2006 and filed on SEDAR on September 19, 2006. Subsequent to the shareholder's meeting, Mr. Downes was re-appointed President and Chief Executive Officer of Signet, Mr. Cebryk was re-appointed Chief Financial Officer of Signet, Tracy Hurley was re-appointed Vice-President Exploration of Signet and Derrick K. Auch was re-appointed Corporate Secretary of Signet.

Statements in this press release may contain forward-looking statements. Except for statements of historical fact, all statements in this press release - including, without limitation, statements regarding future plans and objectives of the Company - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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

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