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Senator Minerals Inc (2)
Symbol SNR
Shares Issued 33,470,601
Close 2017-02-02 C$ 0.62
Market Cap C$ 20,751,773
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ORIGINAL: Senator to buy uranium project in Sask. for $900,000

2017-02-07 12:04 ET - News Release

Received by email:

File: Senator Minerals - News Release -Patterson North Acquisition.DOCX

Senator Minerals Inc. to Acquire Patterson North East Uranium Project


February 7, 2017 - Senator Minerals Inc. (SNR-TSXV) (SNRAF-OTC) (ATKA-Frankfurt) ("Senator" or the "Company") is pleas
--->ed to announce that it has entered into an agreement with an arms'-length vendor to acquire a 100% interest in the Pat
--->terson North East ("PNE") Uranium Project, located on the east side of the Athabasca Basin, in northern Saskatchewan, 
--->the most productive uranium producing region in the world.

The project covers approximately 531 hectares, directly adjoining the easternmost boundary of Fission 3.0's Patterson 
--->Lake North (PLN) Project.  The PNE Project was last explored in 2013 with an Alpha-Track Radon Cup Survey and in June 
--->2014 with a 5.7-line kilometer DC Resistivity Survey, the latter performed by Patterson Geophysics. 

The PNE Project is located approximately 163 kilometers north of the town of La Loche, and approximately 48 kilometers
---> south of the decommissioned Cluff Lake mine site.  The project is accessible by ground vehicle from La Ronge via Sask
--->atchewan highways 2, 155, 165, and 955.

Regarding the acquisition, President and CEO Tim Fernback commented "We are very pleased to have been able to acquire 
--->the PNE Uranium Project located adjacent to Fission's 3.0 PLN project, and midway between Nexgen's Arrow deposit and U
--->EX's Shea Creek Deposit.  The Company is in the process of designing an exploration strategy to build on the past work
---> conducted on the project."

Through the transaction, Senator can earn a 100% interest in the PNE Project by making payments of $150,000 to the ven
--->dor at various times in year one, a further $250,000 on the first anniversary and a final payment of $500,000 on the s
--->econd anniversary of the transaction.

For further information contact Tim Fernback at 604-340-3774.

Tim Fernback
President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this release that are forward-looking information are subject to various risks and uncertainties concern
--->ing the specific factors disclosed here.  Information provided in this document is necessarily summarized and may not 
--->contain all available material information. All such forward-looking information and statements are based on certain a
--->ssumptions and analyses made by management in light of their experience and perception of historical trends, current c
--->onditions and expected future developments, as well as other factors management believes are appropriate in the circum
--->stances.  These statements, however, are subject to a variety of risks and uncertainties and other factors that could 
--->cause actual events or results to differ materially from those projected in the forward-looking information or stateme
--->nts.  Important factors that could cause actual results to differ from these forward-looking statements include those 
--->described under the heading "Risks Factors" in the Company's most recently filed MD&A.  The Company does not intend, a
--->nd expressly disclaims any obligation to, update or revise the forward-looking information contained in this news rele
--->ase, except as required by law.  Readers are cautioned not to place undue reliance on forward-looking information or s
--->tatements.



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