March 23, 2015, Vancouver – Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) (“Saturn” or the “Company”) announces that it will undertake a non-brokered Private Placement of up to 4,500,000 flow-through units (the "Units") at a price of $0.18 per Unit. Each Unit consists of one flow-through common share (the “Shares”) and one-half of a non flow-through share purchase warrant (the “Warrants”). Each whole Warrant will entitle the holder to purchase one additional common share, exercisable at a price of $0.30 per share for a period of 18 months from the date of issue of the Warrant.

The Warrants are subject to an accelerated expiry if, at any time after an initial 4-month hold period expires, the closing price of Saturn’s common shares on the TSX Venture Exchange (the "TSXV") exceeds $0.30 for any 20 consecutive trading days, in which event the holder will be given notice that the Warrants will expire 30 days following the date of such notice. The Warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the Warrants.

All securities issued will be subject to a 4-four month hold period and the approval of the TSXV. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Proceeds from the Private Placement will be used for the drilling of Saturn’s first exploratory oil well in the northern Williston Basin. The drill prospect is a closed fault bounded roll over structure that is 480 acres minimum in area on the Bannock Creek property and has the potential to contain up to 38 million barrels in place of resource from three targeted reservoirs (see Saturn News Release dated February 10, 2015). The drill prospect requires only a vertical well with no horizontal drilling or hydraulic fracturing required. Total proceeds from the Private Placement will cover all drilling, casing and completion costs of a successful discovery.

Finder’s fees to third parties may be payable in accordance with the policies of the TSXV

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