VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/23/13 -- Saturn Minerals Inc. (TSX VENTURE: SMI)(FRANKFURT: SMK) ("Saturn" or the "Company") is pleased to announce the completion of the first phase of a 2D seismic survey (the "Seismic Survey" or "Survey") over oil & gas Exploration Permit 71 (the "Little Swan Property") in the northern Williston Basin in eastern Saskatchewan. The 15 km long vibroseis line in the strike direction was completed by GeoStrata Resources Inc. of Calgary, Alberta under the supervision of Vector Exploration Corp.
The Seismic Survey was designed to test the presence of large-scale structural anomalies on the northwest section of the Little Swan Property as interpreted from a 2012 airborne gravity and electro-magnetic survey. The Company is pleased to announce that preliminary processing of the Seismic Survey results indicate that the seismic line crosses over three significant basement structures. Each of the structures positively impacts several sedimentary formations above the Precambrian basement including Ordovician sandstones and the complete Ordovician to Devonian carbonate succession. These results support the Company's geological model for identifying potential oil bearing traps in the northern Williston Basin that may be related to nearby oil shows and oil seeps. The Company is very encouraged by these results and plans to follow up with additional 2D seismic and drilling.
Documented live oil shows in nearby well bores and oil seeps at surface in eastern Saskatchewan, including Saturn's 2010 oil seep discovery (see Saturn News Release, October 26, 2011), in conjunction with the structural features imaged on the seismic line contribute to the potential of the northern Williston Basin and provide Saturn with confidence of encountering oil bearing traps containing economic accumulations of light oil within the sedimentary package underlying the Little Swan Property. Vector Exploration Corp. will also be providing a full geophysical and geological interpretation of the newly acquired seismic data as required by the Petroleum & Natural Gas Regulations of Saskatchewan.
In addition to the Little Swan Property held under oil & gas exploration permit 71, Saturn also holds the Bannock Creek Property under oil & gas exploration permit 72 which together encompass 370,000 acres of exclusive oil & gas rights in the northern Williston Basin. The properties are subject to an agreement with Vector Exploration Corp. (see Saturn News Release, November 27, 2012) whereby Vector Exploration has a 5% interest in the properties.
About Saturn Minerals Inc.
Saturn Minerals Inc. (TSX VENTURE: SMI)(FRANKFURT: SMK) is a junior Canadian energy company advancing a portfolio of oil and coal properties in Saskatchewan and Manitoba. The Company owns 370,000 acres of exclusive oil & gas rights in Saskatchewan and is advancing a number of oil exploration projects. Saturn has also made three shallow bituminous coal discoveries since 2009 with coal seams ranging in continuous vertical thickness from 9 to 89 meters. Saturn has a strategic ownership in Inowending Exploration & Development Corp., a First Nations owned exploration and development company co-founded by Saturn with a consortium of Saskatchewan First Nations active in Canada's prairie provinces.
On Behalf of the Board of Directors
SATURN MINERALS INC.
Stan Szary, Chief Executive Officer
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.
Saturn Minerals Inc.
Chief Executive Officer
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