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Sanatana Appoints New Chairman

31.03.2014  |  Marketwire

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2014) - Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA) is pleased to announce that the board of directors of the Company (the "Board") has appointed Mr. Barry Fraser as a director and Chairman. In connection with Mr. Fraser's appointment, the Board increased the number of directors from four seats to five seats in accordance with the Company's Articles.

Mr. Fraser was called to the Bar in British Columbia in 1978 and is recognized as a leading commercial litigation lawyer. In addition to his skills as a trial lawyer, Mr. Fraser is a leading practitioner in all forms of Alternative Dispute Resolution. Mr. Fraser is also Chairman of the Board of a TSX and NYSE Listed gold producer, and serves on that company's audit, compensation and corporate governance committees.

Peter Miles, director and Chief Executive Officer of Sanatana stated: "Mr. Fraser brings to the Board a rare combination of legal skill and experience as a director of a producing mining company and we look forward to leveraging his expertise."

Sanatana granted Mr. Fraser incentive stock options to purchase up to 1,500,000 common shares of the Company at a price of $0.10 per common share. The stock options are exercisable on or before March 31, 2019 and vest immediately. The stock options are being granted pursuant to the terms of the Company's stock option plan and are subject to regulatory approval.

About the Company

Sanatana Resources Inc. is a Canadian mineral exploration and development company focused on its Watershed property in Ontario. Sanatana entered into an option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly Augen Gold Corp.) ("TAAC") which grants Sanatana an option to acquire up to 51% of the Watershed Property consisting of 46 mining claims totalling approximately 19,006 acres and located within the townships of Yeo, Chester, Neveille and Benneweis. As at November 28, 2012, Sanatana exercised its first option and is the legal and beneficial owner of 50% of the Watershed Property. Sanatana has until March 23, 2016, to decide whether to exercise its right to acquire a further 1% in the Watershed Property.

In June 2012, IAMGold Corp. completed its acquisition of Trelawney Mining and Exploration Inc. and became the sole indirect shareholders of TAAC. In 2013, Sanatana expanded the Watershed Property by acquiring, for the sole benefit of Sanatana and TAAC, a 20% interest in three additional mining claims located in Yeo and Chester Townships, Ontario. With an experienced management team and board of directors, the Company has the ability required to identify, develop and fund economic mineral properties. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSX VENTURE:STA).

SANATANA RESOURCES INC.

Peter Miles, President and Chief Executive Officer

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

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



Contact

Sanatana Resources Inc.
Mr. Peter Miles
President and Chief Executive Officer
604-408-6680
investor@sanatanaresources.com


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