SMI Saturn Oil And Gas

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the
"Company") has engaged Fugro Airborne Surveys of Ottawa, Ontario, ("Fugro") to
conduct a 1,627 line-kilometer airborne gravity survey (the "Spring Survey")
over the Little Swan and Bannock Creek oil & gas properties and certain coal
properties in Manitoba.


The Spring Survey will add geophysical gravity interpretation based on 300 meter
spaced lines to the results of geophysical work previously completed on the
Little Swan & Bannock Creek properties. Airborne gravity data from the Spring
Survey will serve to refine certain areas on both properties which the Company
has targeted for advanced exploration via 2D seismic survey. Those areas which
display structural merit will be the focus of first round exploration wells and
stratigraphy tests.


Since 2010, Saturn has continued to encounter evidence for the presence of
hydrocarbons in eastern Saskatchewan and western Manitoba during its various
coal exploration programs. Coal exploration drilling in eastern Saskatchewan has
encountered significant sections of Devonian limestone with impregnations of
degraded hydrocarbons at very shallow depths (see news release, dated Oct 26th,
2011) and excellent reservoir properties of certain Devonian rock formations.
Coal exploration drilling in western Manitoba has encountered intervals of
black, organic-rich calcareous shales. These shales are currently being tested
to determine the character, content and maturity of organic matter contained
therein to assess their hydrocarbon generation potential. The presence of
degraded hydrocarbons at shallow depths in east-central Saskatchewan and
organic-rich shales in west-central Manitoba provide a strong exploration case
for the potential presence of oil & gas at greater depths. 


The results of the Spring Survey and further geophysical work are intended to
build the basis of a broad structural analysis of the Little Swan & Bannock
Creek properties with regards to potential presence of structural and/or
stratigraphic traps for conventional oil & gas exploration. The Little Swan and
Bannock Creek oil & gas properties are two of the largest oil & gas properties
in the province of Saskatchewan totaling over 150,000 hectares in size and are
each 100% owned by Saturn (Please see attached map by visiting the following
link: http://media3.marketwire.com/docs/SMI419I.pdf).


The Spring Survey will also encompass certain coal properties in Manitoba over
which the Company had previously completed the Sander Survey (see news release,
dated Jun 14th, 2011). Fugro originated gravity data has, to date, proven
significantly effective for coal exploration in Manitoba. Drilling of gravity
anomalies identified in Fugro surveys have resulted in both Manitoba coal
discoveries (the Overflowing & Thunder Discoveries) as well as the
identification of the Overflowing Trend (see news releases, dated Mar 29th, 2011
& Apr 12th, 2012).


Dr. Krzysztof Mastalerz, P.Geo, is the Company's Qualified Person under 43-101
standards who has reviewed and approved the technical content of this release.


About Saturn Minerals Inc.

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) 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 three
bituminous 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 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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