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Saturn Minerals Appoints Allan Danroth to the Board of Directors
Published : September 18, 2012
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Keywords :   Canada | Coal | Growth | Market | Oil |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2012) - Saturn Minerals Inc. (News - Market indicators)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce the appointment of Allan Danroth to the Board of Directors, effective immediately.

Allan Danroth is currently Vice President, Planning, Business Transformation and Information Services of Capital Power Corporation (TSX:CPX), a growth-oriented North American power producer headquartered in Edmonton, Alberta. Capital Power's business is the development, acquisition, construction, operation, and optimization of large-scale, fuel-diverse, cost-effective power generation facilities in North America. Mr. Danroth leads Capital Power's Planning, Information Services and Supply Chain groups. He is responsible for strategic planning, corporate forecasting and valuations, business transformation, supply chain management, and information services. Prior to his appointment as Vice President, Planning, Business Transformation and Information Services in January 2011, Mr. Danroth was Vice President of Genesee Operations of Capital Power Corporation, which included a coal mine producing 5 million tons of coal per year for a 1,300 MW power plant. He also held this position with EPCOR Utilities Inc. (EPCOR), upon joining the company in 2008, prior to the spin off by EPCOR of its power generation business to create Capital Power Corporation in July 2009.

Mr. Danroth has extensive operational and leadership experience in the pulp and paper industry, including the AV Group, Canfor, and Weyerhaeuser. A graduate of Athabasca University's MBA program, and the British Columbia Institute of Technology Management program, Mr. Danroth also holds a First Class Power Engineering designation. Mr Danroth sits on the Board of Inversa Systems and has previously sat on the non-profit board for The Support Network. In 2011, Allan was named Alberta's CIO of the Year by Alberta Oil & Gas Magazine.

Mr. Danroth joins the Saturn Minerals Board as the Company moves into more advanced and intensive exploration programs on its coal and oil & gas properties in Saskatchewan and Manitoba. Saturn Minerals welcomes Allan Danroth and looks forward to the leadership he will provide to the Board and to the overall direction of the Company.

As part of the Company's incentive and retention program, the Board of Directors of the Company has approved the grant of 1,705,000 incentive stock options to directors, officers and consultants exercisable at $0.20 per option. The options granted were priced at the 5-day volume weighted average trading price of the Company's common shares on the TSX Venture Exchange for the five trading days prior to the grant date. The options have a five year term, and vest over a period of 18 months from the grant date and are subject to approval by the TSX Venture Exchange.

About Saturn Minerals Inc.

Saturn Minerals Inc. (News - Market indicators)(FRANKFURT:SMK) is a junior Canadian energy & resources company advancing a portfolio of energy and resource assets in Saskatchewan, Manitoba and British Columbia. The Company has made two bituminous coal discoveries at its Saskatoba Project since 2009, including one of the thickest coal seams encountered in Canada at 89 metres thickness. The Company also has strategic ownership in Inowending Exploration & Development Corp., a First Nations owned exploration and development company 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.

Saturn Minerals Inc.
(604) 685-6989
www.saturnminerals.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Saturn Minerals Inc.

EXPLORATION STAGE
CODE : SMI.V
ISIN : CA80410K1012
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Saturn Min. is a gold and copper exploration company based in Canada.

Saturn Min. holds various exploration projects in Canada.

Its main exploration properties are GEM, BEAVIS, SASKATOBA and OVERFLOWING in Canada.

Saturn Min. is listed in Canada. Its market capitalisation is CA$ 30.5 millions as of today (US$ 23.5 millions, € 20.3 millions).

Its stock quote reached its highest recent level on June 26, 2008 at CA$ 0.81, and its lowest recent point on September 17, 2010 at CA$ 0.05.

Saturn Min. has 145 210 000 shares outstanding.

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Financings of Saturn Minerals Inc.
7/28/2016Closes Flow Through Private Placement
7/26/2016Announces Flow Through Private Placement
4/2/2015Announces Completion of First Tranche of Private Placement
1/23/2014Announces Private Placement Grants Stock Options
11/6/2013Announces Private Placement with Global Resources Investment...
11/13/2012Announces Brokered Private Placement
12/30/2011Closes Private Placement
9/5/2011Announces Private Placement
Option Grants of Saturn Minerals Inc.
6/23/2011Retains MI3 for Investor Relations
Nominations of Saturn Minerals Inc.
9/18/2012Appoints Allan Danroth to the Board of Directors
10/13/2011Saturn Minerals Inc. Appoints New CFO & Corporate Secretary
10/13/2011Appoints New CFO & Corporate Secretary
5/2/2011Appoints Silvia Quandt & Cie. AG as Designated Sponsor for X...
Project news of Saturn Minerals Inc.
8/15/2013Announces Seismic Program on Bannock Creek Oil & Gas Propert...
4/23/2013Announces Results of Seismic Program on Saskatchewan Oil and...
7/10/2012Der Aktionar - Saturn Minerals: Emerging Resource Explorer
5/7/2012Reports Low-Sulfur Coals from Thunder Discovery in Manitoba
4/12/2012Makes Third New Coal Discovery, 25 Meters Composite Coal Thi...
3/7/2012(Saskatoba)Commences Drilling in Saskatchewan and Manitoba, Saskatoba C...
3/1/2012Acquires 100% of Little Swan Oil & Gas Property in Eastern S...
1/12/2012(Saskatoba)Announces Saskatoba 2012 Winter Exploration Program
10/26/2011Summarizes Summer Exploration Program on the Armit Property...
9/1/2011(Saskatoba)Reports Positive Washability Results from the Karolina Coal ...
8/16/2011(Saskatoba)TSX.V: SMI - Acquires 100% Interest in the Saskatoba Coal Pr...
3/29/2011(Overflowing)Makes New Coal Discovery at Saskatoba Project, 88.98 Metre L...
3/1/2011(Overflowing)Mobilizes Drill Program on Overflowing Property, Summarizes ...
1/27/2011(Saskatoba)Completes 1,351 line-km Airborne Gravity Survey, 3,248 Hecta...
Corporate news of Saturn Minerals Inc.
2/1/2016All Eyes on Saturn Minerals' Williston Basin Drilling
1/27/2016Saturn Minerals Inc. Announces Update on Bannock Creek Drill...
12/14/2015Saturn Minerals Inc. Announces Update of Bannock Creek Oil E...
10/29/2015Saturn Minerals Inc. Granted License for an Oil Exploration ...
9/30/2015Saturn Minerals Inc. Granted Approval for an Oil Exploration...
9/15/2015Saturn Minerals Inc. Announces Update on Bannock Creek Oil P...
9/2/2015Saturn Minerals Inc. Announces Update on Drilling of Bannock...
8/6/2015Saturn Receives Final Approval and Closes Flow-Through and N...
7/28/2015Saturn Minerals Inc. Announces Flow-Through and Non Flow-Thr...
7/15/2015Land Values Are Set To Skyrocket In This New Oil Region
3/31/2015Completes Seismic Program at Little Swan Saskatchewan Oil & ...
3/3/2015Low Oil Prices Present An Opportunity Here
3/2/2015Keeping It Simple
2/24/2015Saturn Minerals Announces Additions to Advisory Board
2/11/2015Oil’s Survival Of The Fittest: Interview With Saturn Mineral...
2/10/2015Reports Updated Seismic Interpretation From its Saskatchewan...
2/10/2015Saturn Minerals Reports Updated Seismic Interpretation From ...
1/27/2015Saturn Minerals Completes Seismic Survey on Bannock Creek Oi...
11/5/2014Saturn Minerals Executes LOI on Farm Out of Saskatchewan Wil...
10/16/2014Saturn Minerals Inc. Receives Final Approval and Closes Seco...
10/10/2014Saturn Minerals Inc. Announces Additional Seismic and Drilli...
9/11/2014Saturn Minerals Inc. Identifies Large Structure Among Severa...
8/22/2014Saturn Minerals Inc. Announces Completion of First Tranche o...
8/15/2014Saturn Minerals Inc. Announces Private Placement For Saskatc...
5/27/2014Saturn Minerals Inc. and Vector Exploration Corp. Announce a...
5/14/2014Saturn Receives Final Approval and Closes Flow-Through and O...
4/10/2014Saturn Minerals Inc. Retains FronTier Merchant Capital Group...
6/14/2013Recent Media Coverage
2/13/2013Announces Seismic Program on Saskatchewan Oil & Gas Properti...
10/18/2012Receives Airborne Results
10/4/2012Saturn Minerals Discovers Oil Source Rock During Coal Explor...
10/4/2012Discovers Oil Source Rock During Coal Exploration
4/24/2012Financial Coverage
4/19/2012Commences 1,627 line-km Airborne Gravity Survey on Oil & Gas...
3/29/2012Hardman & Co. Publish Updated Report & Winter 2012 Presentat...
1/18/2012Signs MOU for Coal Supply Agreement
12/6/2011A Message from Saturn Minerals Inc.
8/18/2011TSX.V: SMI - Completes 4,540 line-km Airborne Gravity Survey...
6/23/2011TSX.V: SMI - Saturn Minerals Inc. Retains MI3 for Investor R...
6/14/2011TSX.V: SMI - Saturn Minerals Commences 4,389 line-km Airborn...
5/31/2011Reports Coal Quality Results Karolina Basin Coal Quality Ret...
5/25/2011Appoints Dr. Krzysztof Mastalerz, PhD, P.Geo., to Board of D...
4/21/2011Acquires 49,727 Hectares Of Oil & Gas Rights in Saskatchewan
2/15/2011Announces Successful Petroleum & Natural Gas Bid for 102,757...
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