St-Georges Platinum and Base Metals Ltd.: Private Placement Closing

St-Georges Platinum and Base Metals Ltd. (CNSX:SX) is pleased to announce the
closing of a non-brokered private placement for a total amount of $352,000.


This placement was previously announced in its December 10, 2009 press release,
for gross aggregate proceeds of $352,000 through the sale of 7,040,000
(3,520,000 post consolidation) units (the "Units") at a price of $0.05 ($0.10
post consolidation) per Unit. Each Unit being comprised of one common share of
St-Georges and one common share purchase warrant of St-Georges, exercisable at a
price of $0.25 ($0.50 post consolidation) per share until May 14, 2013. 


In connection with the private placement, Canaccord Genuity Corp. has received
as a finder's fee 72,000 non transferable common share purchase warrants,
exercisable at a price of $0.50 until May 14, 2013, and $5,760 in cash.


All the securities issued pursuant to the private placement are subject to a
four month hold period from the date of issuance ending September 15, 2010. The
proceeds of the private placement will be used to fund St-Georges's working
capital.


In addition, St-Georges wishes to announce that it has filed amended annual
audited financial statements for the financial year ended December 31, 2009 and
corresponding MD&A and CEO/CFO certifications (collectively, the "Amendments"),
all of which can be accessed under St-Georges' profile at www.sedar.com. The
Amendments reflect the inclusion of a subsequent event omitted in the previous
version.


ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas

Frank Dumas, President & CEO

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 


Forward looking Statement: 

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.


The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept
responsibility for the adequacy or the accuracy of the contents of this
document.

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