Sacre-Coeur Closes $1.007 Million Second Tranche of Private Placement; Current Financings Now Successfully Completed

VANCOUVER--(BUSINESS WIRE)--SACRE-COEUR MINERALS, LTD. (the “Company”) is pleased to announce it has closed the second tranche of its previously announced non-brokered private placement of up to CAD $3.250 Million. Gross proceeds of CAD $1,007,000 were raised in the second tranche. Together with the first tranche which closed on August 12, 2009, the Company raised aggregate gross proceeds in this private placement of CAD $3,249,319. In addition, the Company closed a separate private placement on August 19, 2009 for gross proceeds of $1,212,750, as previously announced. Accordingly, the aggregate proceeds raised in these two financings are $4,462,069.

Under the terms of this private placement, the Company has issued in the second tranche 1,549,231 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 issued in the second tranche entitles the holder to purchase one additional common share of the Company at an exercise price of CAD $0.85 until August 26, 2011. A total of 4,998,953 Units has been issued in aggregate in both tranches of this private placement.

The Company paid cash finders’ fees, for the second tranche, of CAD $59,198, representing 5.87% of the aggregate proceeds of the offering. The Units issued in the second tranche are subject to a 4-month hold period in Canada expiring December 27, 2009.

Proceeds from the private placement will be used; (i) to fund a test mining program on the Lower Puruni Project (Million Mountain), where alluvial gold deposits near-surface have been identified; (ii) for further exploration and drilling at the Lower Puruni Project along the 10 km trend at a number of prospective zones; (iii) for exploration elsewhere on the Company’s portfolio; and (iv) for additional working capital. According to Irwin Olian, CEO of the Company, “We are very gratified by the strong investor response to Sacre-Coeur’s recent private placements, which resulted in aggregate gross proceeds of CAD $4,462,069. These additional funds will permit us to move forward with all due haste in our alluvial test mining program at Million Mountain, as well as to continue with our ongoing drill program at Million Mountain and other exploration programs on our Guyana portfolio.”

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”