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Wednesday, January 27, 2010

Savant (SVT.TSX-V) Obtains TSX Venture Approval for Parbec Property Acquisition

Savant (SVT.TSX-V) Obtains TSX Venture Approval for Parbec Property Acquisition


Vancouver, BC, January 27, 2010, – Savant Explorations Ltd. (SVT.TSX-V) (“Savant”) is pleased to announce that it has obtained the approval of the TSX Venture Exchange for the transaction with Globex Mining Enterprises Inc (GMX.TSX) to acquire an option for a 100% interest in the Parbec Gold Property, Quebec. The definitive agreement for this transaction was announced by Savant on January 11, 2010.

The Parbec property is located along the prolific Cadillac Break, 20km east of the Cadillac Gold Camp, Quebec's largest gold producing district, and 5km west and along strike from the historic Malartic Gold Camp where Osisko Mining is currently developing the large open pittable Canadian Malartic Gold Project estimated to contain a total in-pit measured and indicated resource of 9.17 Million ounces (Osisko December 14, 2009 press release).


This news release contains forward-looking statements concerning the Parbec Property. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to obtain necessary regulatory approvals, the failure to reach agreement on final documentation, exploration results and other risk factors that are beyond Savant’s control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Neither 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 release.




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