SOURCE: Sacre-Coeur Minerals, Ltd.

August 14, 2008 19:57 ET

Sacre-Coeur Closes Further $4.125 Million Private Placement; Guyana Programs Accelerating

VANCOUVER, BC--(Marketwire - August 14, 2008) - Sacre-Coeur Minerals, Ltd. (the "Company") (TSX-V: SCM) is pleased to announce the closing of a further non-brokered private placement which has raised gross proceeds of CAD $4,125,000. Under the terms of the private placement, the Company has issued 2,750,000 Shares (the "Shares") at CAD $1.50 per Share to a single investor.

The Shares are subject to a 4-month hold period expiring December 15, 2008. No commissions or finders' fees were payable in connection with the private placement.

According to Irwin Olian, CEO of the Company, "We are very excited about the acceleration of our projects in Guyana. We are now drilling two different highly prospective zones at our new Northwest Gold Project, with early results expected soon from the initial holes. In addition, we have identified seven new zones characterized by expansive surface anomalous gold at Million Mountain, where drilling now has moved to the second zone. Finally, we are preparing for the commencement soon of core drilling at our third major project, Kartuni. In all, we will have four core drills operating on three major gold projects within a few weeks. The current private placement provides us with the funding needed to ramp up the Kartuni project and comfortably accelerate development of our Million Mountain and Northwest projects. We look forward to a busy and productive Fall with significant advancement of all three major projects."

About Sacre-Coeur

The Company is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in South America, initially focussing on exploration for gold on its properties in Guyana. The Company presently has an interest in approximately 850 square miles of mineral properties in Guyana, including the Million Mountain Property, the Northwest Gold Project and the Kartuni Gold Project. The Company has offices in Vancouver, Canada and Georgetown, Guyana. More information about the Company is available at


"Irwin Olian"
Irwin Olian
Chairman & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.

Contact Information

  • For further information, contact:

    Irwin Olian
    President and CEO
    Email: Email Contact
    Phone: (604) 899-0100
    Fax: (604) 899-0200

    Lee Dunston
    Corporate Communications
    Email: Email Contact
    Phone: (604) 899-0100
    Fax: (604) 899-0200

    Sacre-Coeur Minerals, Ltd
    Suite 1925, Box 11553
    650 West Georgia Street
    Vancouver, B.C.
    V6B 4N8