St-Georges Platinum Completes the First Tranche of a Common Share Units and Flow-Through Units Offering

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St-Georges Platinum and Base Metals Ltd. (CNSX:SX)(BERLIN:85G) is pleased to
announce the completion of the first tranche of a brokered private placement
previously announced of A Units and B Units. A total of 153 A Units at a
purchase price of $1,000 per A Unit and 1,471 B Units at a purchase price of
$1,000 per B Unit have been issued for total gross proceeds of $1,624,000 (the
"Brokered Offering").


The A Units consists 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 consists 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.


As consideration for the services rendered by Jones, Gable & Company Limited
("Jones, Gable") in connection with the Brokered Offering, St-Georges has paid
to Jones, Gable a cash commission of $57,880 and issued 722,780 agent's options
(each an "Agent's Option"), each Agent's Option entitling its holder thereof to
purchase one agent's unit of the Corporation (an "Agent's Unit") at the price of
$0.20 per Agent's Unit for a period of 24 months following the closing date.
Each Agent's Unit consists of one common share (an "Agent's Unit Share") and one
non-transferable common share purchase warrant of St-Georges (an "Agent's Unit
Warrant"). Each Agent's Unit Warrant entitle its holder thereof to acquire one
additional common share at a price of $0.50 per share during a period of 36
months following the closing date. 


Limited Marked Dealer Inc. has also received as a finder's fee of $139,302,
66,500 Agent's Option and 470,000 flow-through agent's options (each a "FT
Agent's Option") each FT Agent's Option entitling its holder thereof to purchase
one agent's unit of the Corporation (an "FT Agent's Unit") at the price of $0.25
per FT Agent's Unit for a period of 24 months following the closing date. Each
FT Agent's Unit consists of one common share (an "FT Agent's Unit Share") and
one non-transferable common share purchase warrant of St-Georges (an "FT Agent's
Unit Warrant"). Each FT Agent's Unit Warrant entitle its holder thereof to
acquire one additional common share at a price of 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 completed the first tranche of a non brokered
private placement previously announced of C Units. A total of 763 C Units at a
purchase price of $1,000 per unit have been issued for total gross proceeds of
$763,000 (the "Non-Brokered Offering").


The C Units consists 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 Corporation paid an aggregate of $8,640 in finder's fee on the Non-Brokered
Offering.


Directors and officers of the Corporation has participated in the Non-Brokered
Offering and subscribed for 135 C Units.


All securities issued in the course of the offerings will be subject to a hold
period of four months and one day.


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. 


Both offerings are subject to final 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
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EXEMPTION FROM REGISTRATION REQUIREMENTS.
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