Saturn Receives Final Approval and Closes Flow-Through and Oversubscribed Non Flow-Through Private Placements

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the
"Company") is pleased to announce that further to the Company's news release
dated March 24, 2014, the Company received the final approval of the TSX Venture
Exchange (the "TSXV") and closed its previously announced non-brokered
flow-through and non flow-through private placement


s of 868,000 flow-through units (the "FT Units") and 3,571,666 non flow-through
units (the "NFT Units") at a price of $0.15 per FT and NFT Unit for gross dollar
value of $665,950. 


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 12 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). 


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 $0.20 per share for a
period of 12 months from the date of issue of the NFT Warrant. 


The FT and NFT 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 TSXV 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. 

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


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

Saturn Minerals Inc. (TSXV:SMI)
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