IN the United St Ates Saville Announces Closing of Second Tranche of Flow-Through Private Placement
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
NOT FOR DISTRIBUTION TO UNITED ST ATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED ST ATES
SAVILLE ANNOUNCES CLOSING OF SECOND TRANCHE OF
FLOW-THROUGH PRIVATE PLACEMENT
VANCOUVER, B.C., December 31, 2020 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company”) is pleased to
announce that it has completed the second tranche of its previously announced non -brokered private placement (the
“Offering”), as described in its News Release s dated December 17, 2020 and December 23, 2020, pursuant to which it
has issued an aggregate of 1,345,000 flow-through shares (each, a “ FT Share ”) at a price of $0.0 5 per FT Share for
gross proceeds of $67,250.
Each FT Share was issued on a “flow-through” basis pursuant to the Income Tax Act (Canada).
The securities issued under the Offering are subject to a statutory hold period expiring on May 1, 2021.
The Company paid a cash finder’s fee of $4,580 and issued 91,600 broker warrants to a certain finder . Each broker
warrant is exercisable into one non flow -through common share at a price of $0.075 per non flow-through common
share in the first year and at $0.15 per non flow-through common share for the remaining two years.
The Company plans to use the proceeds from the Offering for exploration and development of the Company’s Niobium
Claim Group Property in Quebec.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of
1933, as amended, and no such securities may be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Saville Resources Inc.
The Company’s principal asset is the Niobium Claim Group Property, currently under Earn -In Agreement from
Commerce Resources Corp. for up to a 75% interest. The Property consists of 26 contiguous mineral claims,
encompassing a n area of approximately 1,223 hectares, and is considered highly prospective for niobium and
tantalum. The Property includes portions of the high -priority, and drill ready, Miranna Target where prior boulder
sampling in the area has returned 5.9% Nb2O5 and 1,220 ppm Ta2O5, as well as the Northwest and Southeast areas
where previous drilling has returned wide intercepts of mineralization, including 0.61% Nb2O5 over 12.0 m (EC08 -
008) and 0.82% Nb2O5 over 21.9 m (EC10-033), respectively.
On behalf of the Board of Directors
SAVILLE RESOURCES INC.
“Mike Hodge”
Mike Hodge
President
Tel: 604.681.1568
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward -looking information which is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ from those projected in the forward -looking statements.
Forward looking st atements in this press release but are not limited to, statements with respect to the expectations of
management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the
Offering, closing of further tranches of t he Offering, and that its mineral claims are highly prospective for niobium and
tantalum. These forward -looking statements 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. Risks
that could change or prevent these statements from coming to fruition include the Company may not complete the
Offering on terms favorable to the Company or at all; the Exchange may not approve the Offering; the possibility that we
are unable to raise all of the funds we are seeking to raise, the proceeds of the Offering may not be used as stated in this
news release; the funds raised from the sale of the FT Shares may not be renounced in favour of the FT Shareholders; and
that despite encouraging data, there may not be any viable mineral resources on our property . The forward -looking
information contained herein is given as of the date hereof and the Company assumes no responsibility to update o r revise
such information to reflect new events or circumstances, except as required by law.