Mr. John Jeffrey reports

JEAN-PIERRE COLIN JOINS SATURN OIL & GAS INC. AS ITS STRATEGY CONSULTANT

Jean-Pierre Colin has joined Saturn Oil & Gas Inc. as strategy consultant to John Jeffrey, chief executive officer, and the company's board of directors.

Mr. Colin brings 40 years of investment banking and corporate governance knowledge as a strategy consultant to numerous high-profile Canadian and international publicly listed resource and technology companies. He was adviser to some of the uppermost senior political figures within the Canadian federal government and the Privy Council of Canada through five of Petro-Canada's acquisitions of the country's then-largest oil and gas corporations in the 1980s. Subsequently, his firm served as lead underwriter of the NCE Oil & Gas funds that raised over $500-million through the 1990s and later became the foundation for the Sentry Group of Funds (now CI Investments).

Mr. Colin is a director of DynaCERT Inc., a public, international cleantech carbon emission reduction technology company aiming to reduce global diesel fuel consumption with its leading proprietary technology, and also serves as executive vice-president and corporate secretary, chair of the compensation committee and chair of the corporate governance committee for DynaCERT.

Prior thereto, Mr. Colin has served on the boards of many successful junior resource companies including Pelangio Mines Inc.; Virginia Gold Inc., which sold its Eleonor project to Goldcorp Inc. (now Newmont Corp.) for over $1-billion; Premier Gold Mines Ltd., which owns several mines in the United States and is developing its Hardrock project in Canada along with partner Centerra Gold Inc.; and Wolfden Resources, which sold its assets to Zinifex for $500-million in a friendly takeover. Mr. Colin was also one of the original founders of Detour Gold Mines Inc., one of Canada's largest gold mining companies.

For 30 years, Mr. Colin was an international securities industry executive, a resource financier and a mergers and acquisitions (M&A) specialist, and spent the past 10 years providing strategic consulting services to numerous public companies worldwide. Through his tenure as a highly esteemed investment banking professional, Mr. Colin managed several successful mid-cap corporate finance departments, including at JP Colin Securities, Deacon Capital Corp. and Octagon Capital Corp., and was a senior officer managing international corporate finance clients at Richardson Greenshields of Canada and Desjardins Securities.

Mr. Colin holds an MBA from the Ivey Business School of Western University, a civil law degree from the University of Ottawa, a certificate in comparative law from the University of Manitoba, a diploma of collegial studies in engineering and ecology from McGill University and is a member of the Bar of the Canadian Province of Quebec.

Mr. Colin commented: "Saturn Oil & Gas represents a unique opportunity to build an oil and gas acquisition vehicle that can provide accretive growth and returns for its shareholders and other key stakeholders. Given the current environment, it is paramount to secure the company's long-term viability as a supplier of low-cost, clean energy to meet global demand. I am pleased to be working alongside an experienced CEO like John Jeffrey, his talented team and the board of Saturn to responsibly develop our oil and gas assets within Canada's leading regulatory framework, while adopting new cleantech initiatives to further reduce our environmental footprint."

"J.P. Colin brings to Saturn a level of corporate governance expertise and strategy advice that is critical to our company's success," said Mr. Jeffrey. "His knowledge and expertise across both M&A and the Canadian resource financing landscape, combined with his legal background, are essential requirements that will play a significant role in our continued progress as an innovation leader within the oil and gas industry. I look forward to working with J.P. Colin to further drive Saturn's ongoing success."

About Saturn Oil & Gas Inc.

Saturn Oil is a public energy company focused on the acquisition and development of undervalued, low-risk assets. Saturn is driven to build a strong portfolio of cash-flowing assets with strategic land positions. De-risked assets and calculated execution will allow Saturn to achieve growth in reserves and production through retained earnings. Saturn's portfolio will become its key to growth and provide long-term stability to shareholders.

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