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Saturn Minerals Inc. Announces Completion of First Tranche of Private Placement For Saskatchewan Oil & Gas Exploration Project

Press Release –

August 22, 2014, Vancouver — Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) (“Saturn” or the “Company”) is pleased to announce that it has completed the first tranche for 5,000,000 units of its Private Placement per the exclusive agreement with EMD Financial Inc. (the “Agent”) (see news release dated August 15, 2014) in connection with a brokered Private Placement of up to 10,000,000 flow-through units (the “FT Units”) at a price of $0.20 per FT Unit. 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 “NFT Warrants”).  Each whole NFT Warrant will entitle the holder to purchase one additional non flow-through common share, exercisable at a price of $0.25 per share for a period of 18 months from the date of issue of the NFT 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 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 “TSXV”) exceeds $0.35 for any 20 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 NFT Warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the Warrants. The final closing and all securities issued will be subject to a four-month hold period and the approval of the TSXV.  This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Saturn has agreed to pay the agent a finder’s fee of 6% in connection with this Private Placement. Additional finder’s fees to third parties may be payable in accordance with the policies of the TSXV. Proceeds from the Private Placement will applied to further exploration of Saturn’s Bannock Creek and Little Swan Oil & Gas properties in Saskatchewan.   About EMD Financial Inc. EMD Financial Inc. is a Montreal based exempt market dealer registered in Quebec and serving clients in Quebec, Ontario and Alberta. EMD Financial Inc. specializes in equity private placement financings for publicly traded companies, primarily in the resource sector. Furthermore, EMD Financial Inc. offers consulting services on mergers, acquisitions and investment banking catered specifically to the client’s situation.   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) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE – See more at: http://www.saturnminerals.com/s/NewsReleases.asp?ReportID=671052&_Type=News-Releases&_Title=Saturn-Minerals-Inc.-Announces-Completion-of-First-Tranche-of-Private-Place…#sthash.BI0x7Pky.dpuf

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