Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce the
signing of an option agreement with Minera Fuego, a private Chilean Company on
Savant's Yuby-Gabriela Property, Chile. Under the terms of the agreement, Minera
Fuego can earn a 100% interest in the property by making US$4.03 million in
payments over 48 months to Savant. Savant will retain a 2.5% NSR in the project;
Minera Fuego will have the right to reduce the NSR to 1.5% by paying Savant US$5
million. The terms of the agreement during the initial 12 months of the
agreement are US$50,000 on signing and subsequent option payments to keep the
agreement in good standing of US$50,000, US$180,000 and US$250,000 at 3 months,
6 months and 12 months from signing the agreement, respectively.


Savant views the Yuby Gabriela Property as a non core asset and any funds
received from the option payments will be used for exploration of Savant's
McWatters and Parbec Projects in Quebec and general corporate purposes. 


This news release contains forward-looking statements concerning the Yuby
Gabriela Property. In particular, statements regarding the receipt of future
option payments are forward looking because these payments are in the future and
there is no assurance that all these payments will be received by Savant.. 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.