SENATOR MINERALS INC
NEWS RELEASE
22 June 2007
TSX-V: SNR
USA: SMLCF
Frankfurt: T1K
SNR # 2007-6
"SNR Options Uranium Target in Athabasca Basin,
Saskatchewan"
Senator Minerals Inc ("Senator? or ?the Company") reports that
it has entered into an agreement with Geomode Mineral Exploration Ltd
(?Geomode?), an arm?s-length vendor, to acquire a 100% interest, net of a
1% NSR, in a highly prospective 3,370 hectare uranium target, the Geike
River Claim (the ?Claim?), located in the Athabasca Basin,
Saskatchewan.
The Claim, designated number S-110885, is considered to be a high
priority target due to its proximity to existing large high-grade uranium
mines and its potential to host similar mineralization. The Claim
is located in the eastern portion of the Athabasca Basin, approximately
27km southeast of Cigar Lake and 35km east of MacArthur River Mine
(Cameco/Cogema), the largest high-grade uranium mine in the world.
The Claim adjoins claims held by Denison Mines Corp (DML: TSX and DNN:
AMEX), formerly International Uranium Corp, and CanAm Uranium (CAUI:
OTCBB).
Until recently, the Claim was controlled by International Uranium Corp,
which, through Denison, continues to have a significant presence in the
area. The Claim forms part of the Thompson River Project, which is
contiguous to the Moore Lake and South Cigar Projects, controlled by
Denison and JNR Resources.
To acquire a 100% interest, net of a 1% NSR, in the Geike River Claim,
Senator is required to perform exploration and development work
sufficient to keep the Claim in good standing, and to pay an aggregate of
C$300,000 and issue 1,500,000 common shares to the vendor over a two year
term as follows:
a) C$100,000 cash and
400,000 common shares upon receipt of regulatory approval;
b) C$100,000 cash and
500,000 common shares on the first anniversary of the agreement; and
c) C$100,000 cash and
600,000 common shares on the second anniversary of the agreement.
First and second anniversary payments are subject to Senator having
received a NI 43-101-compliant report recommending further work. In
addition, a one percent (1%) NSR has been reserved in favor of the
vendor, which can be purchased by Senator for US$1,000,000. This
transaction remains subject to regulatory approval.
Tony Simon, president of Senator, comments, ?The expansion of Senator?s
exploration property interests to include a uranium target surrounded by
established uranium producers and explorers in the well-known Athabasca
Basin is another significant step in Senator?s goal of acquiring
exploration interests in politically stable, highly prospective
areas.?
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Senator Minerals Inc is a TSX-V-listed junior exploration company with a
diverse portfolio of property interests in North America.
Senator has one 50% and four 100% lease option interests in five highly
prospective Midas-style gold-silver targets in the Northern Nevada Rifts
area, a 100% interest in two gold prospects in Nevada?s Cortez Hills
area, and a 100% interest in the Taurus copper-moly-gold deposit in
southeastern Alaska.
Senator holds 1% NSR's on the Rosebud gold-silver prospect in
northwestern Arizona and on both the Okey and Key high grade copper
prospects in northeastern British Columbia.
This News Release was prepared on behalf of the Senator Board of
Directors, which accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
"Tony Simon"
TONY SIMON, BComm, CA
President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Senator Minerals Inc #1018 - 475 Howe Street, Vancouver,
BC Canada V6C 2B3
Tel: 604-904-1330 E-Mail:
contact@senatorinc.com Web site:
www.Senatorinc.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.