Saturn Minerals Signs Letter Agreement with Vector Exploration Corp. for Saskatchewan Oil & Gas Properties

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the
"Company") is pleased to announce that it has entered into an agreement with
Vector Exploration Corp. ("Vector") for exploration & development of the
Company's Little Swan and Bannock Creek oil & gas properties (the "Properties")
located in eastern Saskatchewan.


Vector Exploration Corp. is a private, Calgary-based oil & gas company owned and
operated by Murray Swanson, CEO, Chris Barton, President & COO, and a team of
oil & gas professionals (the "Vector Team") with expertise in exploration and
production. Prior to founding Vector Exploration Corp., Mr. Swanson acted as
President / CEO and Mr. Barton Manager of Geophysics of Reliable Energy Corp.,
an oil & gas exploration and production company which successfully identified
and drilled over 70 wells in Manitoba and Southern Saskatchewan achieving 1,100
barrels per day in oil production (100% oil) before being sold to Crescent Point
Energy Corp. (TSX: CPG) in March 2012 in a transaction valued at $99.1 million. 


Murray Swanson is an Alberta-based oil & gas executive with over 30 years of
experience in the oil & gas industry in western Canada. Along with international
experience he has also worked for Shell and Chevron in western Canada. He has
also founded, owned, operated and sold several Private E&P and Service
companies.


Mr. Barton has a Bachelor of Science degree in Geology from the University of
Calgary (1981) and over 30 years of experience across the entire Western
Canadian Sedimentary Basin and Williston Basin. Beginning his career as a
geologist at Unocal, he transitioned to the role of geophysicist and has since
worked as a staff and consulting geophysicist at Conoco Canada, Pinnacle
Resources, Groundswell Energy, and Burlington Resources Canada. In 2006, he was
appointed to the role of Vice President of Exploration at Kereco Energy and,
since 2008, has been the President of Shadow Energy providing geophysical
consulting to a number of public and private oil and gas exploration companies.


As per the terms of the Letter Agreement between Saturn and Vector ("the
Parties"), the Parties have agreed that:




1.  Upon signing of a definitive agreement between the Parties, Saturn will
    grant Vector a 5% carried interest in the Properties in consideration
    for services and expertise to be rendered to Saturn by Vector for
    exploration of the Properties beginning from the date of the definitive
    agreement to December 1, 2013. 
    
2.  On or before December 1, 2013, Saturn and Vector will evaluate
    exploration results of the Properties and mutually decide to pursue one
    of two options; 
    
    a.  Saturn will transfer the Properties entirely into Vector in
        consideration for a 90% equity interest in Vector. Vector's 5%
        carried interest will be converted into a 10% equity interest in
        Vector to be held by the Vector Team, provided that Vector pays to
        Saturn 5% of the exploration expenses incurred by Saturn on the
        Properties from December 1, 2012 to the date of the transfer. 
        
    b.  The Properties will remain entirely owned by Saturn and Vector's 5%
        carried interest in the Properties will convert to a 5% working
        interest. 



The terms of the Letter Agreement are subject to final review by Saturn's and
Vector's legal counsel, the signing of a definitive agreement and the approval
of the TSX Venture Exchange.


"We are very pleased to have finalized an agreement with the Vector Team,"
stated Stan Szary, President & CEO. "This structure anticipates success and will
enable us to easily transition our oil & gas holdings into an operating entity
with an established team of oil & gas professionals. I am convinced of the
Vector Team's ability to build a tremendous value from early stage projects
based on prior success, and they are an ideal partner for the Little Swan &
Bannock Creek 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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Saturn Minerals Inc.
Stefan Szary
+1 (604) 685-6989
www.saturnminerals.com
Saturn Minerals Inc. (TSXV:SMI)
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