Jaguar Resources Inc. and Saturn Minerals Inc. have commenced a 2D seismic program over Petroleum Exploration Permit 72 (the Bannock Creek Property) and Exploration Permit 71 (the Little Swan Property) in the northern Williston Basin in eastern Saskatchewan. Harbinger Exploration Inc. been retained to complete approvals and mapping, and GeoStrata Resources Inc. has been retained by the companies for the acquisition of up to 52 km of 2D proprietary seismic data on the Bannock Creek and Little Swan Properties. This work phase will finalize drilling locations for the completion of up to four exploration wells, with Jaguar as operator, in the first quarter of 2015.

Jaguar, as operator, and Coil Works Inc. and HG Tubulars (Canada) Ltd., who both have extensive operations in south east Saskatchewan, will execute the drilling plan. The seismic program will consist of two lines on the Bannock Creek Property, each measuring 10 km long, and one line on the Little Swan Property, measuring 32 km long. Completion of this program will bring Jaguar's total 2D seismic database to five lines on the Bannock Creek Property for a total of 51 km, and four lines on the Little Swan Property for a total of 75 km.

Already completed 2D seismic surveys as well as aerial surveys revealed normal faulting orientation which increases the likelihood of closures at the deeper intervals in the region. As a result, Jaguar is moving towards identifying a drill target along geological faults where migrations of oil may be blocked and forming pools. Significantly, the final seismic program will confirm the identified drilling location on a large structure discovered at the Red River interval on the Bannock Creek property from analysis of the previous seismic data.

This structure, as interpreted, compares directly to the analogous fault bounded 'Tyvan' oil pools, which produce from the Red River (Yeoman) and Winnipeg sandstone formations, which are approximately 100 miles to the south of the Bannock Creek and Little Swan Properties in the same stratigraphic basin. The Tyvan oil pool has produced over 2.8 million barrels of light sweet 43 API oil since 1998 from 21 wells, with an average pay zone of approximately 65 feet. The individual wells at Tyvan are producing up to 140 barrels of oil per day with estimated accumulations of up to 170,000 barrels per well (Geoscout 2014).

The proposed vertical drilling program has an estimated total depth of approximately 1,000 Meters (3,280 feet) to the Precambrian intervals with no horizontal drilling or multi-stage fracing required. The two zones of interest are the Yeoman formation (Red River) and the Black Island formation in the Winnipeg Group which are productive at Tyvan. The drilling time is estimated up to take ten days per well including coring and testing.

Conventional completions will be used to complete the wells. The Bannock Creek and Little Swan Properties represent some of the exploration permits within the Province of Saskatchewan and hold the potential for light oil reserves.