Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to provide the
following update on its McWatters Project. Since resuming drilling earlier in
January, an additional 2 holes have been completed and drilling of the 6th
drill-hole has begun. To date, 4 holes have been drilled in the JKL zone, with
the 5th hole drilled into the 702 Zone. We anticipate this first phase program
of drilling will be completed in early February with approximately 3,500 metres
completed by that date. This is 1,500 metre more than the originally planned
2,000 metre program. Sampling of the core resumed in early January and results
will be announced when they have been received and compiled.


The McWatters Property covers 4.0 km of strike length along the Cadillac-Larder
Lake Break and includes the past-producing McWatters Mine (reported past
production of 334,500 tonnes grading 10.8 grams/t gold), and two diluted
historical resources of 235,000 tonnes grading 6.6 grams/t gold and 170,000
tonnes grading 5.0 grams/t gold referred to as the JKL and 702 Zones. A
Qualified Person has not done sufficient work to classify these historical
estimates as current mineral resources, Savant is not treating the historical
estimates as current mineral resources and the historical estimates should not
be relied upon. The historical resources were shallowly tested to depths less
than 225 metres and remain open at depth. One of the historical resources occurs
within a broad zone of alteration in mafic volcanic rocks along the main
Cadillac-Larder Lake Break. The style and setting of the mineralization in this
historical resource is similar to that in the high-grade, deep seated gold
deposits in the Kirkland Lake District including the Kerr Addison Mine (39.5 Mt
grading 8.5 grams/t gold).


Little exploration has occurred on the property away from the McWatters Mine and
the historical resources. In these areas, testing of the main Cadillac-Larder
Lake Break and secondary parallel structures, which host the gold mineralization
on the property, is generally limited to depths in the order of 150 metres. The
historical records note encouraging drill intercepts of 2 to 6 grams/t gold over
narrow intervals in a parallel structure located north of the main
Cadillac-Larder Break which warrants additional drilling. Savant has an option
to acquire a 100% interest in the McWatters Property (See Savant press November
9, 2010 for details). 


John McClintock P.Eng., President of Savant Explorations Ltd. is the Qualified
Person, as defined by National Instrument 43-101, responsible for the technical
data in this news release.


This news release contains forward-looking statements concerning the McWatters
Property. These statements are based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate as a result
of failure to obtain necessary regulatory approvals, the failure to reach
agreement on final documentation, exploration results and other risk factors
that are beyond Savant's control. There can be no assurance that such
forward-looking statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements contained in this news release.