St-Georges Platinum and Base Metals Ltd.
CNSX : SX

May 04, 2010 10:41 ET

St-Georges Platinum and Innus Historic Mining Exploration Agreement

BAIE-COMEAU, QUEBEC--(Marketwire - May 4, 2010) - St-Georges Platinum and Base Metals Ltd. (CNSX:SX) is pleased to report that is has signed an historic mining exploration agreement with the Innus of Pessamit in the Province of Québec.

The agreement provides St-Georges with the consent of the Innus to carry out its mining exploration campaigns on the ancestral lands of the Innus of Pessamit. Recognizing the benefits of working together, St-Georges and the Innus have agreed to put in place a definitive agreement detailing their collaboration in the development of the economic potential of the mining resources located on the ancestral lands, pursuant to which St-Georges will undertake to communicate its exploration plans and results to the Innus in a timely manner.

"The determination to build a lasting relationship shown by both parties is beneficial to communities along the North Shore of Quebec, the Innus of Pessamit, the population of the port town of Baie-Comeau and to all St-Georges shareholders and stakeholders," stated St-Georges' President and CEO Frank Dumas.

Chief Raphaël Picard of the Innus of Pessamit added, "This agreement will allow the Innus of Pessamit to participate in the economic benefits of St-Georges' projects, to participate directly in the investment opportunities and to offer to St-Georges the possibility of eventually constructing production infrastructures on our territory." The Pessamit territory, which is near St-Georges' Isukoustouc group of properties on the North Shore of Quebec, covers an area of 145,000 km2 and is inhabited by 4,000 members of the Innu Nation.

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 Exchange 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 Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.

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