Mr. Mike Hodge reports

SAVILLE ANNOUNCES NON FLOW-THROUGH AND FLOW-THROUGH PRIVATE PLACEMENT

Saville Resources Inc. has arranged a non-brokered private placement comprising the issuance of: (i) up to two million units at a price of five cents per non-flow-through unit for gross proceeds of up to $100,000; and (ii) up to 6,666,666 shares at a price of six cents per flow-through share for gross proceeds of up to $400,000. Insiders may participate in the non-flow-through offering.

Each non-flow-through unit will consist of one common share of the company and one non-transferable common share purchase warrant. Each non-flow-through warrant entitles the holder to purchase one non-flow-through share at a price of 10 cents per non-flow-through share for a period of three years following the closing of the offering.

Each flow-through share will be issued on a flow-through basis, pursuant to the Income Tax Act (Canada).

Finders' fees may be payable in connection with the offering, in accordance with the policies of the TSX Venture Exchange.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Completion of the offering is subject to the approval of the exchange. Any participation by insiders in the offering will constitute a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The aggregate gross proceeds from the sale of the non-flow-through offering will be used for general working capital.

The aggregate gross proceeds from the sale of the flow-through offering will be used for exploration and development of the company's niobium claim group property in Quebec.

About Saville Resources Inc.

Saville Resources' principal asset is the niobium claim group property, which is currently under an earn-in agreement with Commerce Resources Corp. for up to a 75-per-cent interest. The property consists of 26 contiguous mineral claims, encompassing an area of approximately 1,223 hectares. The property is considered highly prospective for niobium and tantalum.

We seek Safe Harbor.