Saturn Minerals Inc. Announces Private Placement Grants Stock Options

announces that it will undertake a non-brokered Private Placement (the "Placement") consisting of 5,000,000 non flow-through units (the "NFT Units") at a price of $0.12 per NFT Unit and 5,000,000 flow-through units (the "FT Units") at a price of $0.15 per FT Unit.

Each NFT Unit consists of one non flow-through common share (the "NFT Shares") and one-half of a non flow-through share purchase warrant (the "NFT Warrants"). Each whole NFT Warrant will entitle the holder to purchase one additional non flow-through common share, exercisable at a price of $0.15 per share for a period of 24 months from the date of issue of the NFT Warrant.

Each FT Unit consists of one flow-through common share (the "FT Shares") and one-half of a non flow-through share purchase warrant (the "FT Warrants"). Each whole FT Warrant will entitle the holder to purchase one additional non flow-through common share, exercisable at a price of $0.20 per share for a period of 24 months from the date of issue of the FT Warrant. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

The NFT and FT Warrants (collectively, the "Warrants") are subject to an accelerated expiry if, at any time after an initial 4 month hold period expires, the closing price of Saturn's common shares on the TSX Venture Exchange (the "TSX") exceeds $0.30 for any 10 consecutive trading days, in which event the holder will be given notice that the Warrants will expire 30 days following the date of such notice. The Warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the Warrants.

All securities issued will be subject to a four-month hold period. The offering is subject to the approval of the TSX. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. A finder's fee may be payable in accordance with the policies of the TSX. Proceeds from the flow-through portion of the Placement will be applied to Saturn's exploration activities and the proceeds from the non flow-through portion of the Placement will be applied to general working capital.

The Company also announces that pursuant to the Company's Stock Option Plan it has granted 5,000,000 stock options at a price of $0.15 per common share to employees, directors, advisors and consultants of the Company. As per the Company's Stock Option Plan, the options granted are exercisable until January 22, 2019 and vest over a period of 18 months from the date of grant. Grant of the options is subject to the approval of the TSX.

On Behalf of the Board of Directors

SATURN MINERALS INC.

s/ "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)

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