Saturn Minerals Inc. announced that it has made application, with regularity approval pending and expected in due course, to change its name to ‘Saturn Oil + Gas Inc.' The name change was approved by the board of directors on November 1, 2016. The change in name reflects a change in direction for Saturn from a mineral-focused exploration company to one with a strong focus on the acquisition and development of oil and gas assets in Alberta and Saskatchewan.

As part of the shift in focus, the company announced the addition of John Jeffrey, Scott Newman and Justin Kaufmann, to the executive team. Mr. John Jeffrey - chief executive officer (‘CEO'). Mr. Jeffrey is presently a finance manager for a leading engineering consulting firm in Canada.

Mr. Jeffrey is also a partner and CFO of Axiom Exploration Ltd. Mr. Scott Newman - chief operation officer (‘COO'). Mr. Newman is currently VP Exploration of Vela Resources Corp. Mr. Newman is also the president and founding partner of Axiom Exploration Ltd. Mr. Justin Kaufmann - vice president, Exploration (‘VPE').

Mr. Kaufmann is the vice president and co-founder of Axiom Exploration Ltd. Mr. Kaufmann was the Principal Geologist for Geometric Consulting, a privately held well site supervision company. The new executive team bring a strong operational background to Saturn and have introduced the company to several additional opportunities in the sector which are presently being evaluated by Saturn and their financing partners and further announcements will be made as these opportunities materialize.