St-Georges Platinum Announces Brokered Private Placement

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AGENCIES


St-Georges Platinum and Base Metals Ltd. (CNSX:SX) has entered into an agreement
with Jones, Gable & Company Limited in respect of a brokered private placement
financing consisting of up to 2,000 common share units, the " A Units", at a
purchase price of $1,000 per A Unit and of up to 3,000 flow-through share units,
the "B Units", at a purchase price of $1,000 per B Unit to raise total gross
proceeds of up to $5,000,000 on a commercially reasonable effort agency basis,
the "Brokered Private Placement". 


The A Units will consist of 5,000 common shares at a price of $0.20 per share
and 5,000 common share purchase warrant. Each whole warrant will entitle the
holder to purchase one additional common share of the capital stock of the
Corporation at an exercise price of $0.50 per share at any time on or before the
date that is 36 months from the date of issuance of the warrant. 


The B Units will consist of 4,000 flow-through common shares at a price of $0.25
per share and 4,000 common share purchase warrant. Each whole warrant will
entitle the holder thereof to purchase one additional common share of the
capital stock of the Corporation at an exercise price of $0.50 per Common Share
at any time on or before the date that is 12 months from the date of issuance of
the warrant, and thereafter at an exercise price of $0.55 per share at any time
on or before the date that is 24 months from the date of issuance of the
warrant, and thereafter at an exercise price of $0.60 per share, at any time on
or before the date that is 36 months from the date of issuance of the warrant. 


Concurrently the Corporation will conduct a non-brokered private placement
financing consisting of up to 2,000 common share units (the " C Units") at a
purchase price of $1,000 per C Unit to raise total gross proceeds of up to
$2,000,000, the "Non Brokered Private Placement". 


The C Units will consist of 5,000 common shares at a price of $0.20 per share
and 5,000 common share purchase warrant. Each whole warrant will entitle the
holder to purchase one additional common share of the capital stock of the
Corporation at an exercise price of $0.50 per share at any time on or before the
date that is 36 months from the date of issuance of the warrant. 


Proceeds of the Units will be used for general working capital purposes and to
incur general exploration expenses. The expenses will constitute Canadian
exploration expenses and flow-through mining expenditures (as defined in the
Income Tax Act (Canada)), which can be renounced to purchasers for the 2010
taxation year. 


Certain directors, officers and insiders of the Corporation may participate in
the Brokered Private Placement and Non-Brokered Private Placement. The
securities issued will be subject to a hold period of four months and one day. 


Both private placements will be subject to approval by the Canadian National
Stock Exchange, the "CNSX". 


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 a 50%
interest in the Villebon property in Abitibi Quebec, a 100% interest in eight
North Shore properties that constitute the Manicouagan constellation and a 100%
in 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.stgeorgesplatinum.com. 


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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 ABSENT REGISTRATION OR APPLICABLE
EXEMPTION FROM REGISTRATION REQUIREMENTS.

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