Saturn Minerals Inc. Acquires 100% Interest
in the Saskatoba Coal Project
Vancouver, August 16th, 2011 � Saturn Minerals Inc. � SMI: TSX.V (�Saturn� or the �Company�) is pleased to announce that it has acquired a 100% interest in all Saskatchewan and Manitoba coal properties (the �Saskatoba Project) as per a Purchase and Termination Agreement (the �P&T Agreement�) with its Joint Venture partner, Swift Resources Inc. (�Swift�). As per the terms of the P&T Agreement, subject to regulatory approval, �Swift [has] agreed to transfer and surrender to Saturn and Saturn has agreed to acquire all of Swift�s Participating Interest and other rights and Interests in the Joint Venture and thereafter terminate the JV Agreement and the underlying Joint Venture� with respect to the Saskatoba Coal Project.
The Saskatoba Project comprises over 1,200 square kilometers of coal properties located in in eastern Saskatchewan & western Manitoba. Saturn has made two coal discoveries on the Saskatoba Project since 2009, the Leif Coal Basin and the Karolina Coal Basin, the later of which returned one of the thickest coal intersections ever reported in Canada at 88.98 meters beginning at 44.65 meters depth
About Saturn Minerals Inc.
Saturn Minerals Inc. (SMI: TSX.V) is a junior Canadian energy & resources company advancing a portfolio of energy and resource assets in Saskatchewan, Manitoba and British Columbia. The Company has made two bituminous coal discoveries at its Saskatoba Project since 2009, including one of the thickest coal seams encountered in Canada at 88 metres thickness. The Company continues to build strategic relationships throughout eastern Saskatchewan to pursue new opportunities and advance current projects in the Saskatchewan share of the Western Canadian Sedimentary Basin.
To learn more, please visit the Company�s website at: www.saturnminerals.com.
SATURN MINERALS INC.
s/ �Stan Szary�
President
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
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For further information call: |
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Luc St-Pierre |
Mario Drolet |
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Phone: 514 904-1333 |
Phone: 514 904-1333 |
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Email: luc@mi3.ca |
Email: mario@mi3.ca |
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New World Resource Corp.
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CODE : NW.V |
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ISIN : CA6492971081 |
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New World Res. est une société d’exploration minière d'or et de cuivre basée au Canada. New World Res. détient divers projets d'exploration en USA et en Bolivie. Ses principaux projets en exploration sont LONG VALLEY PROJECT en USA et PASTOS GRANDES et LIPENA en Bolivie. New World Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,7 millions CA$ (2,0 millions US$, 1,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 février 2011 à 3,30 CA$, et son plus bas niveau récent le 06 novembre 2015 à 0,01 CA$. New World Res. possède 13 299 045 actions en circulation. |