Saturn Minerals Inc. Appoints New CFO & Corporate Secretary

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Saturn Minerals Inc. Appoints New CFO & Corporate Secretary
Marketwire.com - Oct 12, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2011) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces the appointment of Mr. Vitaly Melnikov as its Chief Financial Officer and Corporate Secretary.

Mr. Scott Davis, who has served as the Company's interim Chief Financial Officer since February 2011 will be leaving Saturn to continue with his work in the mining exploration and development sector. The Company wishes to express its appreciation to Mr. Davis and his firm Cross Davis & Company for the excellent work performed on behalf of Saturn Minerals Inc.

The Company is pleased to have been able to attract Mr. Vitaly Melnikov to the position of CFO and Corporate Secretary. Mr. Melnikov presently serves as Director of the Board and CFO of Mass Petroleum Inc. and also as Managing Director of Istok Capital Inc., which provides corporate finance and advisory services to public companies. Mr. Melnikov was most recently CFO and Corporate Secretary of Evolving Gold Corp. and prior to that Vice President, Finance and Administration of UrAsia Energy Ltd. prior to its merger with Uraniun One Inc. in April 2007, creating a new globally diversified uranium producer with a combined market capitalization of $5 billion. Mr. Melnikov also held financial management positions with PetroKazakhstan (formerly Hurricane Hydrocarbons), a vertically integrated oil & gas company which was acquired by China National Petroleum Corporation in October 2005, and Kumtor Gold Company with one of the largest operating gold mines in Central Asia (currently owned by Centerra Gold Inc.) Mr. Melnikov is a Certified Public Accountant (USA).

Stan Szary, President and CEO of Saturn commented, "the Company is happy to welcome Mr. Melnikov to the position of CFO and Corporate Secretary. Mr. Melnikov's experience in both the mining & energy sectors is both significant and broad, and ideally suited to Saturn as it continues to transition from a grassroots exploration company to a more advanced coal & energy explorer."

The Company also announces that pursuant to Saturn's Stock Option Plan, the Company will grant 500,000 incentive stock options at a price of $0.17 pursuant to the retention of Mr. Melnikov as Saturn's CFO and Corporate Secretary. These options will have a 5 year term and are subject to regulatory approval.

About Saturn Minerals Inc.

Saturn Minerals Inc. (TSX VENTURE:SMI)(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 88 metres thickness. The Company continues to build strategic relationships throughout Saskatchewan & Manitoba to pursue new opportunities and advance current projects in the Western Canadian Sedimentary Basin.

To learn more, please visit the Company's website at: www.saturnminerals.com.

SATURN MINERALS INC.

Stan Szary, President

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.

Contact Information

Saturn Minerals Inc.
Stan Szary
President
(604) 685-6989
www.saturnminerals.com