Saville Closes Private Placement

SAVILLE RESOURCES INC.

Suite 1450 – 789 West Pender Street Vancouver, B.C.

V6C 1H2 Phone: 604-681-1568 Fax: 604-681-8240

October 10, 2014 Trading Symbol: TSX Venture - SRE

SAVILLE CLOSES PRIVATE PLACEMENT

Vancouver, B.C. –The Company reported today that it had closed on a previously announced (August 21, 2014) private placement of 10,000,000 units at a price of $0.05 per unit for gross proceeds of $500,000. A unit consisted of one common share, one/half non-transferable Series A share purchase warrant and one/half nontransferable Series B share purchase warrant. Each whole Series A warrant is exercisable into one further common share at a price of $0.25 per share for a period of five years, expiring October 3, 2019. Each whole Series B warrant is exercisable into one further common share at a price of $0.50 per share for a period of five years, expiring October 3, 2019. The Series A warrants contain an acceleration clause which provides that if, at any time after February 4, 2015, the shares of the Company trade on the TSX Venture Exchange at a price of $0.35 or greater for period of 14 consecutive trading days, the Company may give notice to the Series A warrant holders of the acceleration of the exercise date to a period which is 30 days from the giving of such notice. The Series B warrants contain an acceleration clause which provides that if, at any time after October 3, 2015, the shares of the Company trade on the TSX Venture Exchange at a price of $0.65 or greater for period of 14 consecutive trading days, the Company may give notice to the Series B warrant holders of the acceleration of the exercise date to a period which is 30 days from the giving of such notice. All securities issued under the placement are subject to restriction on resale until February 4, 2015.

Proceeds of the placement will be applied to work on the Company’s Bud and Manson Creek Properties, to pay legal and filing expenses associated with the Offering and for general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS OF SAVILLE RESOURCES INC.

__________________________________ Craig Robson, Director

Neither 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.

Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.