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News Release | January 18, 2012

Saturn Minerals Inc. Signs MOU for Coal Supply Agreement

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January 18, 2012, Vancouver � Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) (�Saturn� or the �Company�) announces that it has signed a Memorandum of Understanding with a private Saskatchewan-based coal to liquid fuels development company (the �Coal Partner�) to develop an exclusive coal supply agreement.

As per the terms of the MOU, Saturn and the Coal Partner will enter into a due diligence period whereby both parties will retain the exclusive rights to evaluate each other�s assets in the interest of coal development as well as to evaluate any other such arrangements as may be mutually agreeable to both parties. Upon execution of the coal supply or such other development agreement as may be advisable after due diligence, Saturn will retain an exclusive right to supply a minimum of seven million tons of sub-bituminous coal (or the equivalent energy content from other types of coal) on an annual basis to the Coal Partner�s project by way of production, acquisition or joint venture, for a minimum period of twenty five years.

The Coal Partner has been actively pursuing Canadian coal assets since 2009 and has identified Saskatchewan, certain First Nations, Saturn and Inowending Exploration & Development Corp. as synergistic to its business model. The Coal Partner is a private company incorporated under the laws of Canada and is comprised of internationally recognized entities with respect to coal & energy development and senior oil & gas and financial interests that have previously secured financing for such ventures.

The Coal Partner has notified Saturn that due to underlying non-disclosure agreements between the Coal Partner and third parties and for competitive reasons, the Coal Partner will remain unnamed during the due diligence period. Saturn will disclose all material information upon the execution of a definitive agreement following the due diligence period.

�We would like to thank our First Nation partners for taking the steps to initiate the dialogue between the Coal Partner and Saturn & Inowending, and we look forward to advancing the development strategy and market for the Saskatoba coals,� stated Stan Szary, President of Saturn.

About Saturn Minerals Inc.

Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) is a junior Canadian energy & resource company advancing a portfolio of energy and resource assets in Saskatchewan, Manitoba and British Columbia. The Company has made two 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 a strategic ownership in Inowending Exploration & Development Corp., a First Nations owned exploration & development company active in Canada�s prairie provinces.

To learn more, please contact the Company at (604) 685-6989 or visit: /

On Behalf of the Board of Directors

SATURN MINERALS INC.

s/ �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. Suite 325-744 West Hastings Street, Vancouver, BC V6C 1A5 Tel: (604) 685-6989

%COPYRIGHT%

Saturn Minerals Inc. Acquires 100% Interest

in the Saskatoba Coal Project

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Saturn Minerals Inc.

	EXPLORATEUR
	CODE : SMI.V
	ISIN : CA80410K1012

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Saturn Min. est une société d’exploration minière d'or et de cuivre basée au Canada.

Saturn Min. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont GEM, BEAVIS, SASKATOBA et OVERFLOWING au Canada.

Saturn Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 30,5 millions CA$ (23,5 millions US$, 20,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 26 juin 2008 à 0,81 CA$, et son plus bas niveau récent le 17 septembre 2010 à 0,05 CA$.

Saturn Min. possède 145 210 000 actions en circulation.

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