News & Articles

SACRE-COEUR MINERALS, LTD. CLOSES $2.25 MILLION PRIVATE PLACEMENT

August 12 , 2009

VANCOUVER, B.C. – SACRE-COEUR MINERALS, LTD. (the "Company") is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement. Gross proceeds of CAD $2,242,319 were raised in the first tranche.

Under the terms of the private placement, the Company has issued in the first tranche 3,449,722 Units (the “Units”) at CAD $0.65 per Unit to institutional and private investors. Each Unit consists of one common share of the Company and one-half of one share purchase warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of CAD $0.85 until August 12, 2011.

The Company paid cash finders’ fees, for the first tranche, of CAD $151,939, representing 6.77% of the aggregate proceeds of the offering. The Units, in the first tranche, are subject to a 4-month hold period in Canada expiring December 13, 2009.

It is anticipated that a second tranche of this private placement will close shortly.

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 1000 sq. km 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.

“Irwin Olian”
Irwin Olian

Chairman & CEO

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: : 705-888-2756
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.