Savoy Resources and First Institute of Geology of Heliongjiang Province, China, Solidify Joint Venture Partnership's Exploration and Development Plans.

DENVER -- Meeting in China Builds Rapport, Reviews Drilling Results and Sets Future Course

Savoy Resources Corp. (OTCBB:SVYR), a precious metals and mineral exploration and mining company dedicated to exploring and developing mineral properties in the Heilongjiang Province of China, today announced that its newly appointed management met with the executive team of the First Institute of Geology and Exploration of Heilongjiang Province, China to review the progress to date of its joint venture and implement the strategic plan for the future.

After assuming the position of Chief Executive Officer of Savoy Resources, Arthur Johnson, and other members of the Company's new management team, spent almost a week in Mudanjiang, China meeting with senior executives of the First Institute to review Joint Venture's progress, analyze drilling results for the past year, and assess newly targeted properties. In addition, they explored further joint venture possibilities with major players in the industry.

"We're very pleased to be working with Savoy's new management team, especially its new CEO Mr. Johnson, an industry veteran with over 30 years of mining management experience," noted Zhenglin Ge, President of the First Institute. "This working session gave us the opportunity to build strong rapport among our joint venture partners, review drilling results, explore options for future development, and set plans to achieve results. These clearly are exciting times for the Institute and Savoy." Mr. Ge also serves as a Director of Savoy Resources and is its primary liaison with the First Institute.

"It was important for the new Savoy management team to meet face-to-face with our partners in order to develop a strong business relationship, review our progress, identify alternatives for moving forward, and implement a solid strategy for future development," said Mr. Johnson, Savoy's CEO. "We had a very successful meeting, as we solidified our joint venture arrangement, and developed an aggressive strategy to move forward. As events unfold, we look forward to sharing our progress with our shareholders in the future."

About Savoy

Savoy Resources Corp. is a precious metals and mineral exploration and mining company, focusing on opportunities in China. The Company's joint venture company, the Heilongjiang Savoy Resources Co., Ltd., in partnership with the First Institute of Geology and Exploration of Heilongjiang Province, China, holds sole mineral rights to the Shishan Forest Gold Property and access to the exploration and development of all minerals in Heilongjiang Province. Through the joint venture partnership, Savoy has the right of first refusal to explore and develop any mineral properties in the entire province. The partnership has complete access to a geological database developed during the past 50 years -- which includes comprehensive geological, geochemical, geophysical and drilling data, as well as pre-feasibility and feasibility studies for mining on identified properties -- with which it intends to identify precious and base metals, diamonds and other natural resources. To date, the First Institute has reported the discovery of 120 deposits with 48 types of minerals, including high-grade gold, silver, copper, iron ore, coal, coal bed methane and diamonds. For more information, visit www.savoyresources.com.

/s/ Arthur Johnson

    Arthur Johnson
    Chief Executive Officer
    Savoy Resources Corp.

Safe Harbor:

Certain matters discussed in this press release are "forward-looking statements." They can generally be identified as such because the context of the statement will include words such as Savoy "expects," "anticipates" or words of similar import. Similarly, statements that describe the Company's plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those anticipated. Although Savoy believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that the expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Forward-looking statements made herein are only made as of the date of this press release and Savoy does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.