News & Articles

SACRE-COEUR REALIGNS SENIOR MANAGEMENT TEAM AS IT MOVES TOWARD PRODUCER STATUS

January 6, 2010

VANCOUVER, B.C. – SACRE-COEUR MINERALS, LTD. (the "Company") is pleased to announce that in conjunction with the commencement of its alluvial test mining program it has moved to strengthen its professional mining management by promoting Mr. Gregory B. Sparks, P.Eng., to the positions of President and Chief Executive Officer of the Company. It has also added industry veteran Mr. Allen David Heyl, P.Geo, as its new Director of Mining and Exploration. Mr. Irwin Olian will continue to be active in management as an executive officer of the Company in his capacity as Chairman and Director. Both Mr. Olian and Mr. Sparks have been Directors and executive officers of the Company for in excess of five years and will continue to serve on the Board. Ms. Limor Rubin remains as Chief Financial Officer.

Mr. Sparks, P.Eng., is a senior mining executive with over thirty-five years experience in the minerals industry embracing exploration, feasibility, development and operation of both surface and underground mining projects. He has experience with a variety of minerals including: gold, silver, lead, copper, zinc, uranium/thorium, coal and industrial minerals. Mr. Sparks has developed and managed exploration and subsequent feasibility studies for all of these commodities, for a variety of companies including both majors and juniors. His effectiveness in exploring for and evaluating deposits is enhanced by many years of operational experience developing and managing producing surface and underground mines. Mr. Sparks completed a B.Sc. in mining engineering plus graduate level course work at Missouri School of Mines in 1973. He has been a registered Professional Mining Engineer for over 25 years. Mr. Sparks will receive U.S. $15,000 per month in fees as compensation for his services.

In addition, the Company has entered into an agreement with Mr. Allen David Heyl, P.Geo., engaging him initially as Director of Mining and Exploration. Mr. Heyl will direct the day-to-day operations of the Company’s exploration and alluvial mining programs in Guyana, including supporting infrastructure, reporting directly to Mr. Sparks. He has more than twenty five years of progressive experience in mining industry management, exploration and operations, the majority of which has been in South America. Mr. Heyl has played key roles in the development and execution of exploration programs, identification and acquisition of various successful projects, and management of alluvial mining operations for both major and junior mining companies. Mr. Heyl received a B.Sc. degree in Geology from Ft. Lewis College in 1982. He will receive US $10,000 per month in fees as compensation for his services.

The Company is also pleased to announce that it has extended the contract of Mr. Scott Young as ats Corporate Communications Representative through December 31, 2010. Mr. Young will receive CAD $5,500 per month in fees as compensation for his services.

In addition, the Company announces that is has granted incentive stock options, subject to any necessary regulatory approvals, to purchase up to an aggregate of 620,000 share of its Common Stock. The options are exercisable for a term of three years at a price of CAD $0.85 per share and include 450,000 incentive stock options granted to Mr. Gregory B. Sparks, President, Chief Executive Officer and Director, 100,000 incentive stock options granted to Mr. Allen David Heyl, Director of Mining and Exploration, 25,000 incentive stock options granted to Mr. Scott Young, Corporate Communications Representative and 10,000 incentive stock options granted to Mr. Ardito Martohardjono, Director.

According to Irwin Olian, Chairman of the Company, “We are delighted to strengthen our management team with the addition of David Heyl and to increase Greg Sparks’ responsibilities by appointing him as our new President and CEO. As we now focus our efforts on development and expansion of our alluvial mining operations in addition to continuing with our ongoing exploration programs in Guyana, we felt it was important to strengthen our professional mining management. Greg has overseen our Guyana operations in the capacity of Senior V.P. in recent years and his impressive background and experience in mine development and operations will be invaluable in leading the Company going forward. At the same time, I remain personally committed to maintaining an active role in senior management as Chairman, focusing on overall corporate strategy and business development, interfacing with the capital markets and providing general leadership.”

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 A. Olian”
Chairman

 

For further information, contact:

Irwin Olian, Chairman
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.