THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


St-Georges Platinum and Base Metals Ltd. (CNSX: SX) is pleased to announce the
signature of an arm's length acquisition agreement for a 100% interest in 3
claims adjacent to the Villebon property located about 21 km south of Louvicourt
village and about 45 km south-east of Val d'Or in the Abitibi region (the
"Property"). St-Georges is acquiring the Property from M. Fayz Yacoub. The
Property covers a total area of 78.2 hectares.


To complete the acquisition St-Georges must pay in cash to the vendor $20,000
and issue to the vendor 450,000 treasury shares upon regulatory approval and
delivery of the staking certificates.


A 1% NSR is payable on all production from the Property. The 1% NSR can be
bought back by St-Georges for a payment of $500,000 on or before July 13, 2011
and thereafter for a total amount of $1,000,000.


The Villebon property, which includes the St-Georges owned claims or over which
it holds an interest, now covers 26 claims. This represents an area of more
1,059.58 hectares.


Jean-Sebastien Lavallee, P.Geo, a qualified person under NI 43-101, has reviewed
and approved the technical content of this release.


All the securities issued pursuant to the acquisition are subject to a four
month hold period from the date of issuance ending November 15, 2010.


In addition, St-Georges wish to announce that the current Chairman of the Board,
Mr. François H. De Beaulieu is resigning as Chairman and director and is taking
a special consultant position with the company. St-Georges would like to thanks
Mr. De Beaulieu, who had agreed to continue to serve as Director during a 6
months transition period, for his loyal services and his planning to use his
expertise in the future as consultant to help implement the company's
development plan.


About St-Georges

St-Georges is a junior Platinum, Palladium, Rhodium, Copper, Cobalt and Nickel
explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the
company's stock is listed on the CNSX under the symbol SX. It owns jointly with
Litewave Corp the Villebon property in Abitibi Quebec and eight North Shore
properties that constitute the Manicouagan constellation and owns 100% of the
Isukoustouc group of properties on the Quebec's North-Shore near the deep sea
port town of Baie-Comeau. For additional information please visit our website at
www.st-georgesplatinum.com


THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN
AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE CORPORATION'S CONTROL
WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE CORPORATION
TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR EXPECTATION IMPLIED
BY THESE FORWARD LOOKING STATEMENTS.


St Georges Eco Mining (CSE:SX)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more St Georges Eco Mining Charts.
St Georges Eco Mining (CSE:SX)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more St Georges Eco Mining Charts.