SMI Saturn Oil And Gas

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the
"Company") announces that it has signed a Memorandum of Understanding with a
private Saskatchewan-based coal to liquid fuels development company (the "Coal
Partner") to develop an exclusive coal supply agreement.


As per the terms of the MOU, Saturn and the Coal Partner will enter into a due
diligence period whereby both parties will retain the exclusive rights to
evaluate each other's assets in the interest of coal development as well as to
evaluate any other such arrangements as may be mutually agreeable to both
parties. Upon execution of the coal supply or such other development agreement
as may be advisable after due diligence, Saturn will retain an exclusive right
to supply a minimum of seven million tons of sub-bituminous coal (or the
equivalent energy content from other types of coal) on an annual basis to the
Coal Partner's project by way of production, acquisition or joint venture, for a
minimum period of twenty five years.


The Coal Partner has been actively pursuing Canadian coal assets since 2009 and
has identified Saskatchewan, certain First Nations, Saturn and Inowending
Exploration & Development Corp. as synergistic to its business model. The Coal
Partner is a private company incorporated under the laws of Canada and is
comprised of internationally recognized entities with respect to coal & energy
development and senior oil & gas and financial interests that have previously
secured financing for such ventures.


The Coal Partner has notified Saturn that due to underlying non-disclosure
agreements between the Coal Partner and third parties and for competitive
reasons, the Coal Partner will remain unnamed during the due diligence period.
Saturn will disclose all material information upon the execution of a definitive
agreement following the due diligence period.


"We would like to thank our First Nation partners for taking the steps to
initiate the dialogue between the Coal Partner and Saturn & Inowending, and we
look forward to advancing the development strategy and market for the Saskatoba
coals," stated Stan Szary, President of Saturn.


About Saturn Minerals Inc.

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) is a junior Canadian
energy & resource company advancing a portfolio of energy and resource assets in
Saskatchewan, Manitoba and British Columbia. The Company has made two coal
discoveries at its Saskatoba Project since 2009, including one of the thickest
coal seams encountered in Canada at 89 metres thickness. The Company also has a
strategic ownership in Inowending Exploration & Development Corp., a First
Nations owned exploration & development company active in Canada's prairie
provinces.


On Behalf of the Board of Directors

SATURN MINERALS INC. 

Stan Szary, Chief Executive Officer

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