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

December 14, 2010 17:20 ET

St-Georges Platinum Announces Re-Filing of Continuous Disclosure Documents

MONTREAL, QUEBEC--(Marketwire - Dec. 14, 2010) - St-Georges Platinum and Base Metals Ltd. (CNSX:SX) - As a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosure.

St-Georges Platinum and Base Metals Ltd. (CNSX:SX) ("St-Georges" or the "Corporation") announces that is has filed amended and restated annual and interim Management's Discussion and Analysis (the "MD&A") for the periods ended December 31, 2008, March 31, 2009, June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010, June 30, 2010 and September 30, 2010 and amended and restated annual and interim consolidated financial statements (the "Financial Statements") for the periods ended December 31, 2008, March 31, 2009, June 30, 2009 and September 30, 2009, December 31, 2009, March 31, 2010, June 30, 2010 and September 30, 2010.

The amended and restated MD&A's and Financial Statements reflect the accounting treatment for the acquisition of all the issued and outstanding shares of ACFAW.com Inc. in June 2009 and certain assets of St. Georges Minerals, Inc. in December 2009. The amended and restated MD&A's and Financial Statements also address some deficiencies in the form used in the initial filings.

The Corporation also filed an amended and restated technical report concerning the Villebon property (the "Technical Report") to comply fully with the requirements of National Instrument 43-101 and Regulation 43-101 (Quebec) ("43-101").

These filings were made at the request of the British Columbia Securities Commission as part of its continuous disclosure review of the Corporation, and the amended and restated documents more closely reflect the disclosure requirements of National Instrument 51-102 Regulation 51-102 (Quebec). These amended and restated documents supersede the documents previously filed.

In connection with the re-filing of the MD&A and Financial Statements for the above periods, the Corporation has filed updated Certificates of its Chief Executive Officer and Chief Financial Officer pursuant to the provisions of National Instrument 52-109 and Regulation 52-109 (Quebec) for each period. The Corporation also filed, in connection with the filing of the Technical Report, an updated qualified person consent pursuant to the provision of 43-101.

The amended MD&A, Financial Statements and Technical Report may be viewed at www.sedar.com.

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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