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SACRE-COEUR MINERALS, LTD. $1.225 MILLION PRIVATE PLACEMENT

April 28, 2010

VANCOUVER, B.C. – SACRE-COEUR MINERALS, LTD.(the"Company") ") is pleased to announce the closing of its previously announced non-brokered private placement which has raised gross proceeds of CAD $1,225,000. Under the terms of the private placement, the Company has issued 1,750,000 Units (the “Units”) at CAD $0.70 per Unit to a small group of accredited 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 $1.00 until April 28, 2012.

The Company paid cash finders’ fees of CAD $14,945, representing 1.22% of the aggregate proceeds of the offering. The Units are subject to a 4-month hold period in Canada expiring August 29, 2010.

Proceeds from the private placement will be used to explore the Company’s properties located in Guyana and for working capital. According to Gregory Sparks, CEO of the Company, “We are delighted with the investor response to our offering, which was oversubscribed. This additional capital will give us added flexibility as we ramp up alluvial gold production while continuing with our drilling program for hard-rock targets on the Million Mountain trend."

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.

“Gregory B. Sparks”
President and CEO

 

For further information, contact:

Gregory B. Sparks, President and CEO
Email: greg@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.

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Contact Sacre-Coeur

For investment information please contact our investor relations group.

Investor relations contacts
Scott Young, Investor Relations – Canada
Phone: (604) 888-2756
Fax: (604) 899-0200
Email: scott@scminerals.com

 

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