Sacre-Coeur Minerals Reports Peaceful Conclusion to Guyana's National Election; Incumbant President Jagdeo Re-Elected
September 6, 2006
VANCOUVER, British Columbia – SACRE-COEUR MINERALS, LTD. (the “Company”) is pleased to report that Guyana's national election has come to a peaceful conclusion. Led by incumbent President Bharrat Jagdeo, who was re-elected for a second 5-year term, the PPP/C party received 54.6% of the 336,375 valid votes in the election. It gained two parliamentary seats from 2001 to bring its present total to 36 of the 65. The main opposition PNCR coalition accounted for 34% of the vote. Overall, voter turnout was 69% from the 492,369 voters on the official list. After declaration of the results on August 31, the populace reacted with stability reflecting the general sense that a credible election had taken place.
According to U.S. Ambassador to Guyana, David Robinson, as reported in leading newspaper Stabroek News, the opposition parties' acceptance of the results is "extraordinarily responsible" and he believes the violence-free elections "are a very good sign of democratic maturity." It reflects responsible behaviour on behalf of the electorate, the Guyana Elections Commission and the elections staff, as well as the security service.
Irwin Olian, CEO of the Company, adds: "The peaceful election is a great step forward for miner-friendly Guyana and certainly suggests a continuation of political stability for the country. While Sacre-Coeur maintains a steadfast policy of political neutrality, we are delighted for the country as a whole with the successful election and offer our congratulations to the PPP party and President Jagdeo. We are confident that Guyana's parliamentary-style government will be able to meet its future development challenges under this leadership team."
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 Company has offices in Vancouver, Canada and Georgetown, Guyana. More information about the Company is available at www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR MINERALS, LTD.
Chairman & CEO
For further information, contact:
Irwin Olian, President and CEO
Lee Dunston, Corporate Communications – Canada
Marlies Studer, Corporate Communications – Europe
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.
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