EXHIBIT 99.1

                              SAVOY RESOURCES CORP.
                             AUDIT COMMITTEE CHARTER

     Committee Role The committee's role is to act on behalf of the Board of
Directors and oversee all material aspects of the reporting, control and audit
functions of Savoy Resources Corp. ("Savoy"), except those specifically related
to the responsibilities of another standing committee of the Board of Directors.
The audit committee's role includes a particular focus on the qualitative
aspects of financial reporting to stockholders and on company processes for the
management of business/financial risk and for compliance with significant
applicable legal, ethical and regulatory requirements.

     In addition, the committee is responsible for: (i) selection and oversight
of our independent accountant; (ii) establishing procedures for the receipt,
retention and treatment of complaints regarding accounting, internal controls
and auditing matters; (iii) establishing procedures for the confidential,
anonymous submission by our employees of concerns regarding accounting and
auditing matters; (iv) establishing internal financial controls; (v) engaging
outside advisors; and (vi) arranging funding for the outside auditor and any
outside advisors engaged by the audit committee.

     The role also includes coordination with other committees of the Board of
Directors and maintenance of strong, positive working relationships with
management, external and internal auditors, counsel and other committee
advisors.

                              Committee Membership

     The committee shall consist of those persons designated by the Board of
Directors. The committee shall have access to its own counsel and other advisors
at the committee's sole discretion.

                         Committee Operating Principles

     The committee shall fulfill its responsibilities within the context of the
following overriding principles:

     (i) Communications - The chairperson and others on the committee shall, to
the extent appropriate, have contact throughout the year with senior management,
other committee chairpersons and other key committee advisors, external and
internal auditors, etc., as applicable, to strengthen the committee's knowledge
of relevant current and prospective business issues.

   (ii) Committee Education/Orientation - The committee, with management,
shall develop and participate in a process for review of important financial and
operating topics that present potential significant risk to the company.
Additionally, individual committee members are encouraged to participate in
relevant and appropriate self-study education to assure understanding of the
business and environment in which the company operates.


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     (iii) Annual Plan - The committee, with input from management and other key
committee advisors, shall develop an annual plan responsive to the "primary
committee responsibilities" detailed herein. The annual plan shall be reviewed
and approved by the full Board of Directors.

     (iv) Meeting Agenda - Committee meeting agendas shall be the responsibility
of the committee chairperson, with input from committee members. It is expected
that the chairperson would also ask for management and key committee advisors,
and perhaps others, to participate in this process.

     (v) Committee Expectations and Information Needs - The committee shall
communicate committee expectations and the nature, timing and extent of
committee information needs to management, internal audit and external parties,
including external auditors. Written materials, including key performance
indicators and measures related to key business and financial risks, shall be
received from management, auditors and others at least one week in advance of
meeting dates. Meeting conduct will assume Board members have reviewed written
materials in sufficient depth to participate in committee/Board dialogue.

     (vi) External Resources -The committee shall be authorized to access
internal and external resources, as the committee requires, to carry out its
responsibilities.

     (vii) Committee Meeting Attendees - The committee shall request members of
management, counsel, internal audit and external auditors, as applicable, to
participate in committee meetings, as necessary, to carry out the committee
responsibilities. Periodically, and at least annually, the committee shall meet
in private session with only the committee members. It shall be understood that
either internal or external auditors, or counsel, may, at any time, request a
meeting with the audit committee or committee chairperson with or without
management attendance. In any case, the committee shall meet in executive
session separately with internal and external auditors, at least annually.

     (viii) Reporting to the Board of Directors - The committee, through the
committee chairperson, shall report periodically, as deemed necessary, but at
least semi-annually, to the full Board of Directors. In addition, summarized
minutes from committee meetings, separately identifying monitoring activities
from approvals, shall be available to each Board member at least one week prior
to the subsequent meeting of the Board of Directors.

     (ix) Committee Self Assessment - The committee shall review, discuss and
assess its own performance as well as the committee role and responsibilities,
seeking input from senior management, the full Board of Directors and others.
Changes in role and/or responsibilities, if any, shall be recommended to the
full Board of Directors for approval.


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                                Meeting Frequency

     The committee shall meet at least three times quarterly. Additional
meetings shall be scheduled as considered necessary by the committee or
chairperson.

                            Reporting to Stockholders

     The committee shall make available to stockholders a summary report on the
scope of its activities. This may be identical to the report that appears in the
Savoy's annual report.

          Committee's Relationship with External and Internal Auditors

     (i) The external auditors, in their capacity as independent public
accountants, shall be responsible to the Board of Directors and the audit
committee as representatives of the stockholders.

     (ii) As the external auditors review financial reports, they will be
reporting to the audit committee. They shall report all relevant issues to the
committee responsive to agreed-on committee expectations. In executing its
oversight role, the Board of Directors or committee should review the work of
external auditors.

     (iii) The committee shall annually review the performance (effectiveness,
objectivity, and independence) of the external and internal auditors. The
committee shall ensure receipt of a formal written statement from the external
auditors consistent with standards set by the Independent Standards Board and
the Securities and Exchange Commission. Additionally, the committee shall
discuss with the auditor relationships or services that may affect auditor
objectivity or independence. If the committee is not satisfied with the
auditors' assurances of independence, it shall take or recommend to the full
Board of Directors appropriate action to ensure the independence of the external
auditor.

     (iv) The internal audit function shall be responsible to the Board of
Directors through the committee.

     (v) If either the internal or the external auditors identify significant
issues relative to the overall Board of Directors' responsibility that have been
communicated to management but, in their judgment, have not been adequately
addressed, they should communicate these issues to the committee chairperson.

     (vi) Changes in the directors of internal audit or corporate compliance
shall be subject to committee approval.

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                       Primary Committee Responsibilities

          Monitor Financial Reporting and Risk Control-Related Matters

     The committee should review and assess:

     (i) Risk Management - Savoy's business risk management process, including
the adequacy of the company's overall control environment and controls in
selected areas representing significant financial and business risk.

     (ii) Annual Reports and Other Major Regulatory Filings - All major
financial reports in advance of filings or distribution.

     (iii) Internal Controls and Regulatory Compliance - Savoy's system of
internal controls for detecting accounting and reporting financial errors, fraud
and defalcations, legal violations and noncompliance with the corporate code of
conduct.

     (iv) Internal Audit Responsibilities - The annual audit plan and the
process used to develop the plan and the status of activities, significant
findings, recommendations and management's response

     (v) Regulatory Examinations - SEC inquiries and the results of examinations
by other regulatory authorities in terms of important findings, recommendations
and management's response.

     (vi) External Audit Responsibilities - Auditor independence and the overall
scope and focus of the annual/interim audit, including the scope and level of
involvement with unaudited quarterly or other interim-period information.

     (vii) Financial Reporting and Controls - Key financial statement issues and
risks, their impact or potential effect on reported financial information, the
processes used by management to address such matters, related auditor views, the
basis for audit conclusions and important conclusions on interim and/or year-end
audit work in advance of the public release of financial statements.

         (viii) Auditor Recommendations - Important internal and external
auditor recommendations on financial reporting, controls, other matters and
management's response., and the views of management and auditors on the overall
quality of annual and interim financial reporting.

     The committee should review, assess, and approve:

          (i) The code of ethical conduct;

          (ii) Changes in important accounting principles and the application
     thereof in both interim and annual financial reports;

          (iii) Significant conflicts of interest and related-party
     transactions;

          (iv) External auditor performance and changes in external audit firm
     (subject to ratification by the full Board of Directors);

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          (v) Internal auditor performance and changes in internal audit
     leadership and/or key financial management;

          (vi) Procedures for whistle blowers;

          (vii) Pre-approval of allowable services to be provided by the
     auditors; and

          (viii) Retention of complaints.











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