Savant Acquires Gold Exploration Property  

VANCOUVER, BC - Savant Explorations Ltd. has reached agreement with Geoconseil Jack Stoch Ltee., a privately held company, and Jacques Viau, under which the Company has the option to acquire a 100% interest in the 852.5 hectare McWatters Gold Property. McWatters is located 6 kilometres east of Rouyn-Noranda situated on the prolific Cadillac-Larder Lake Break, midway between two of the Abitibi's largest gold camps: the Kirkland-Larder Lake District and the Cadillac District.

The McWatters property covers 4.0 km of strike length along the Cadillac-Larder Lake Break and includes the past producing McWatters Mine (reported past production of 334,500 tonnes grading 10.8 grams/t gold), and two diluted historical resources of 235,000 tonnes grading 6.6 grams/t gold and 170,000 tonnes grading 5.0 grams/t gold. A Qualified Person has not done sufficient work to classify these historical estimates as current mineral resources; Savant is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon. The historical resources were shallowly tested to depths less than 225 metres and remain open at depth. One of the historical resources occurs within a broad zone of alteration in mafic volcanic rocks along the main Cadillac-Larder Lake Break. Little exploration has occurred on the property away from the McWatters Mine and the historical resources. In these areas, testing of the main Cadillac-Larder Lake Break and secondary parallel structures, which host the gold mineralization on the property, is generally limited to depths in the order of 100 metres. The historical records note encouraging drill intercepts of 2 to 6 grams/t gold over narrow intervals in a parallel structure located north of the main Cadillac-Larder Break which warrants additional drilling. The potential for the discovery of large high-grade gold deposits similar to those in Kirkland-Larder Lake District 50 km to the West and the Cadillac District 50 km to the East is promising. Savant will test the McWatters property by undertaking systematic exploration drilling to locate high-grade gold mineralization at depth in the down plunge extensions of the known near surface mineralization as well as other areas within and peripheral to the Cadillac-Larder Break. The company's address is Suite 700, 509 Richards Street, Vancouver, BC V6B 2Z6, 604.801.7240, fax: 604.689.8355, email: [email protected].