News & Articles

Sacre-Coeur Minerals Receives $1.1 Million from Exercise of Warrants

April 13, 2006

VANCOUVER, British Columbia—SACRE-COEUR MINERALS, LTD. (the "Company") announces the receipt of CAD $1,146,645 in aggregate proceeds from exercise of 615,380 Share Purchase Warrants during the period from February 27, 2006 to date. Included were Agent Warrants exercisable at CAD $1.50 and One-Half Share Purchase Warrants exercisable at CAD $2.00 which comprised part of the Units, both of which were issued in connection with the Company's $13.2 Million Initial Public Offering of October, 2005.

According to Irwin Olian, CEO of the Company, "The additional $1.1 Million received to date from Warrant exercises further strengthens our already strong cash position. We have now acquired approximately $2 Million in capital assets and exploration equipment which has been fully paid, including the Company's new Atlas Copco Exploration Products CS-14 core drill and related items, as well as earth-moving and other equipment. Our drilling program at Million Mountain is well underway."

"At this point, our available cash is sufficient to fully fund all budgeted exploration and development activities at Million Mountain as well as our other portfolio properties in Guyana through year-end 2008. No further financings are anticipated in the foreseeable future except to the extent they may be utilized to accelerate corporate development due to success in our programs. We are mindful of protecting our share capital against unnecessary dilution, and with only 18.4 million Common Shares outstanding (24.7 million fully diluted) our shareholders should be well-positioned to reap the rewards of success we may achieve with our exploration programs in Guyana."

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 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.

Gregory B. Sparks, P. Eng.
Sr VP Mining & Exploration

For further information, contact:

Irwin Olian, President and CEO
Email: tigertail@scminerals.com
Phone: 604-899-0100
Fax: 604-899-0200

Scott Young, Corporate Communications – Canada
Email: scott@scminerals.com
Phone: 604-899-0100
Fax: 604-899-0200

Marlies Studer, Corporate Communications – Europe
Email: marlies@scminerals.com
Phone: +41-44-215-2803

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.