SX St Georges Eco Mining Corp

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


St-Georges Platinum and Base Metals Ltd. (CNSX:SX)(BERLIN:85G) is pleased to
announce the completion of the second and final tranche of a brokered private
placement of units, as announced on December 15 and 31. The company also wishes
to inform its shareholders that it expanded its Isoukustouc and Julie properties
by staking an additional 238 claims for 13,185 hectares and increase by more
than 50% the size of the Villebon property by acquiring the adjacent Cooper Lake
property. 


Private Placement

In the second Tranche of the brokered private placement the Corporation received
a total of $700,000 for subscriptions of 700 flow-through units at a price of
$1,000 per unit (the "B Units"). Each B Unit consists of 4,000 flow-through
common shares at a price of $0.25 per share and 4,000 common share purchase
warrant (each being a "Warrant"). Each whole warrant will entitle the holder
thereof to purchase one additional common share of the capital stock of the
Corporation at an exercise price of $0.50 per Common Share at any time on or
before March 1, 2012, and thereafter at an exercise price of $0.55 per share at
any time on or before March 1, 2013, and thereafter at an exercise price of
$0.60 per share, at any time on or before March 1, 2014.


As consideration for the services rendered by Jones, Gable & Company Limited
("Jones, Gable") in connection with Tranche two of the brokered private
placement, St-Georges has paid to Jones, Gable a cash commission of $25,000 and
issued 100,000 agent's options (the "Agent's Options"), each Agent's Option
entitling its holder thereof to purchase one agent's unit of the Corporation (an
"Agent's Unit") at the price of $0.20 per Agent's Unit for a period of 24 months
following the closing date. Each Agent's Unit consists of one common share (an
"Agent's Unit Share") and one non-transferable common share purchase warrant of
St-Georges (an "Agent's Unit Warrant"). Each Agent's Unit Warrant entitle its
holder thereof to acquire one additional common share at a price of $0.50 per
share during a period of 36 months following the closing date. 


The Corporation also paid finders' fees to Limited Market Dealer Inc. in the
amount of $22,500 and issued a total of 180,000 flow-through agent's options
(each a "FT Agent's Option"), each FT Agent's Option entitling its holder
thereof to purchase one agent's unit of the Corporation (an "FT Agent's Unit")
at the price of $0.25 per FT Agent's Unit for a period of 24 months following
the closing date. Each FT Agent's Unit consists of one common share and one
non-transferable Warrant.


The Corporation has raised a total of $2,324,000 through the full brokered
private placement, consisting of 153 A Units at a price of $1,000 per unit and
2,171 B Units at a price of $1,000 per unit.


Concurrently the Corporation completed the second and final tranche of a non
brokered private placement previously announced of C Units. In Tranche two a
total of 475 C Units at a purchase price of $1,000 per unit have been issued for
total gross proceeds of $475,000. Each C Units consists of 5,000 common shares
at a price of $0.20 per share and 5,000 common share purchase warrant. Each
whole warrant will entitle the holder to purchase one additional common share of
the capital stock of the Corporation at an exercise price of $0.50 per share at
any time on or before the date that is 36 months from the date of issuance of
the warrant. 


The Corporation paid an aggregate of $34,000 in finder's fee on the non-brokered
private placement.


Including the first tranche, the Corporation raised total gross proceeds in this
non-brokered private placement of $1,238,000.


All securities issued pursuant to this second and final Tranche of the offerings
will be subject to a hold period of four months and one day ending July 2, 2011.


Proceeds of the Units will be used for general working capital purposes and to
incur general exploration expenses. The expenses will constitute Canadian
exploration expenses and flow-through mining expenditures (as defined in the
Income Tax Act (Canada)).


Both offerings are subject to final approval by the Canadian National Stock
Exchange, the "CNSX".


Acquisition of the Cooper lake Property

In addition St-Georges wishes to announce the signature of an acquisition
agreement for a 100% interest in the Cooper lake property (the "Property")
consisting of 19 contiguous mineral claims adjacent to the Villebon property.
St-Georges is acquiring the Property from Fayz Yacoub and Ramy Yacoub. The
Property covers a total area of 7231 hectares.


To complete the acquisition St-Georges must pay in cash to the vendor $25,000
and issue to the vendor 500,000 treasury shares upon regulatory approval and
delivery of the staking certificates.


All the securities issued pursuant to the acquisition are subject to a four
month hold period from the date of issuance ending July 2, 2011. 


Jean-Sebastien Lavallee, P.Geo, a qualified person under NI 43-101, has reviewed
and approved the technical content of this release.


About St-Georges 

St-Georges is a junior Platinum, Palladium, Rhodium, Copper, Cobalt and Nickel
explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the
company's stock is listed on the CNSX under the symbol SX. It owns a 50%
interest in the Villebon property and a 100% interest in the adjacent Cooper
Lake property located in Abitibi Quebec, a 100% interest in eight North Shore
properties that constitute the Manicouagan constellation and a 100% in the
Isukoustouc group of properties on the Quebec's North-Shore near the deep sea
port town of Baie-Comeau. For additional information please visit our website at
www.stgeorgesplatinum.com. 


Neither CNSX nor its regulation services provider accepts responsibility for the
adequacy or accuracy of this release. 


THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE
EXEMPTION FROM REGISTRATION REQUIREMENTS.

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