News & Articles

Sacre-Coeur Minerals Receives $1.8 Million from Recent Warrant Exercises

May 23, 2007

VANCOUVER, B.C. – SACRE-COEUR MINERALS, LTD. (the "Company") announces the receipt of CAD $1,826,770 in aggregate proceeds from exercise of 918,680 Share Purchase Warrants during the period from April 1, 2007 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, “We are very pleased to see the continued support of our investor base reflected in the recent Warrant exercises. These exercises have the effect of reducing a short-term overhang from our share market, as well as creating a strong current cash position of $7.4 million. These additional funds will allow us to continue with our aggressive development of the Million Mountain project, as well as allowing us to bring several of our other key gold projects in Guyana online in the near future. These funds are sufficient to cover all presently budgeted exploration and development expenditures through December, 2008.”

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

Lee Dunston, Corporate Communications – Canada
Email: lee@scminerals.com
Phone: 604-899-0100
Fax: 604-899-0200

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.