Saturn Minerals Inc. announced the completion of the first phase of a 2D seismic survey over oil & gas Exploration Permit 71 in the northern Williston Basin in eastern Saskatchewan. The 15 km long vibroseis line in the strike direction was completed by GeoStrata Resources Inc. of Calgary, Alberta under the supervision of Vector Exploration Corp. The Seismic Survey was designed to test the presence of large-scale structural anomalies on the northwest section of the Little Swan Property as interpreted from a 2012 airborne gravity and electro-magnetic survey. The Company is pleased to announce that preliminary processing of the Seismic Survey results indicate that the seismic line crosses over three significant basement structures. Each of the structures positively impacts several sedimentary formations above the Precambrian basement including Ordovician sandstones and the complete Ordovician to Devonian carbonate succession. These results support the Company's geological model for identifying potential oil bearing traps in the northern Williston Basin that may be related to nearby oil shows and oil seeps. The company is very encouraged by these results and plans to follow up with additional 2D seismic and drilling. In addition to the Little Swan Property held under oil & gas exploration permit 71, Saturn also holds the Bannock Creek Property under oil & gas exploration permit 72 which together encompass 370,000 acres of exclusive oil & gas rights in the northern Williston Basin.

Saturn Minerals Inc. reported unaudited earnings results for the third quarter and nine months ended Sep. 30, 2012. For the quarter, the company's loss and comprehensive loss was CAD 414,743 or CAD 0.01 per basic and diluted share compared to CAD 570,015 or CAD 0.01 per basic and diluted share a year ago. Net cash used in operating activities was CAD 394,269 compared to CAD 336,638 a year ago. Purchase of mineral Properties was CAD 155,101 as compared to CAD 940,891 a year ago. For the nine months, the company's loss and comprehensive loss was CAD 1,520,366 or CAD 0.02 per basic and diluted share compared to CAD 2,143,188 or CAD 0.03 per basic and diluted share a year ago. Net cash used in operating activities was CAD 1,101,851 compared to CAD 1,680,410 a year ago. Purchase of mineral Properties was CAD 1,181,297 as compared to CAD 940,891 a year ago.

Saturn Minerals Inc. announced the discovery of a 2.65 meter thick layer of oil source rock during the company's recent coal drilling program in western Manitoba. Initial microscope examination of the Rat Creek Source Rock confirmed that it contains marine-type organic matter with large amounts of fluorescent oil-prone components. Based on these results, the company submitted the source rock to Weatherford Labs of Houston, Texas, for additional examination. Recently received results from Weatherford Labs has confirmed the Rat Creek Source Rock possesses highly oil-prone organic matter and has excellent oil generative potential with total organic content (TOC) values of 7.32% and 14.17% with hydrogen indices (HI) of 566 and 578. By industry standards, 5% TOC or higher is considered to be very good to excellent oil and gas source rock. The stratigraphic position of the Rat Creek Source Rock suggests a Devonian age, most likely within a stratigraphic interval of the Winnipegosis Formation, and its characteristics resemble the deep-water source rocks of the Devonian Duvernay Formation, which generated oil for Leduc reefs in Alberta.