Today the Company reported that management has identified development stage coal deposits located in Europe. Management feels that such projects will offer the opportunity for both near term cash flow and appreciation with the expected continued improvement in the European economy. In addition to proceeding to advance this opportunity the company will continue to look for other near term resource development opportunities.
ON BEHALF OF THE BOARD
"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."
This document includes forward- looking statements. When used in this document, the words "potential", "plan", "could", "estimate", "expect", "intend", "may", "should", and similar expressions are intended to be among the statements that identify forward-looking statements. Although Savoy believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
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