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

October 22, 2010 13:49 ET

St-Georges Platinum Announces Changes to the Board of Directors and Grant of Options

BAIE-COMEAU, QUEBEC--(Marketwire - Oct. 22, 2010) - St-Georges Platinum and Base Metals Ltd. (CNSX:SX) announces the nominations of Mr. David Grand and Ms. Linda Thorstad as Directors of St-Georges Platinum and Base Metals Ltd. (the "Corporation").

The Directors of the Corporation would like to thank Mr. Peter H. Smith and Mr. Michael Curtis who resigned recently from the board and wish them well in their current and future endeavours. The new nominations are subject to regulatory approval.

Linda Thorstad, MSc, PGeo, FEC

Ms. Thorstad has had a close affiliation with the mining sector for over 30 years. Her mining experience includes roles as president and chief executive officer of Oremex Resources Inc. and Interaction Resources, vice-president of corporate relations for Viceroy Resources Corporation, and president of Questore Consultants. Outside of the mining industry Ms. Thorstad has held numerous executive roles and directorships including executive director of the Vancouver Economic Development Commission and vice-president of campaigns for Leading Edge British Columbia.

Her extensive service to the industry and community includes a term as elected president of the Association of Professional Engineers and Geoscientists of British Columbia, a six-year Order in Council appointment to the University of British Columbia's board of governors, and several advocacy roles on behalf of the mining industry. She is a registered professional geoscientist in the province of British Columbia and an honorary fellow of Engineers Canada. In 2002 Ms. Thorstad was awarded the Influential Women in Business Award.

David Grand

Mr. Grand started its Career with Midland Walwyn (then called Walwyn, Stodgell, Cochran, Murray) in the mid 80's and became a vice-president at TD Evergreen in the mid-90's. David had a short stay as a Branch Manager with Nesbitt Burns in the late 90's and then joined Thomson Kernaghan that he left in 2001.

He then joined Desjardins Securities in 2002 in the capacity of Regional Sales Manager to build their presence in Ontario. In 2005 he took over Octagon Securities' Retail Division. In December of 2009, Octagon sold its Retail Division to Global Maxfin that prompted David to join Union Securities in April 2010.

The Directors of the Corporation are honoured by Mr. Grand and Mrs. Thorstad's agreement to join the Board and their experience and expertise will prove to be a most important asset to the Corporation in this crucial point of its evolution.

Grant of Options

Also, subject to regulatory approval, the Board of Directors has approved the grant of an aggregate of 3,650,000 stock options to directors, officers, employees and consultants of the Company. The options are exercisable into common shares of the Company at an exercise price of $0.15 per share, vest immediately and have a five year term to expiry.

Any common shares issued on the exercise of the stock options will be subject to a four month hold period commencing from the date of the option grant in accordance with CNSX policies and applicable securities laws.

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.st-georgesplatinum.com

Neither CNSX nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

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