VANCOUVER, British Columbia--(BUSINESS WIRE)--

SACRE-COEUR MINERALS, LTD. (the Company) announced today that it has entered into a purchase and sale agreement (the Purchase Agreement) with Riverside Resources Inc. (RRI; TSXV: RRI.V) under which the Company sold to RRI one of its three core drills which is currently surplus to the needs of the Company and has been in storage. The Purchase Agreement provides that the Company can elect to repurchase the core drill from RRI or act as agent to sell the drill to a third party. In either case, the Company shall repay RRI its purchase price plus a premium of 15%. If after 120 days from the effective date of the Purchase Agreement, the Company has not repurchased the core drill or effected a sale to a third party, and if the Company and RRI have not reached other arrangements, RRI shall be entitled to put the drill back to the Company for the purchase price plus a 15% premium thereon. The Companys performance under the Purchase Agreement is secured by a subordinate interest in 51% of the shares of its wholly owned subsidiary company, Sacre-Coeur Guyana, Inc. subject to the standard provisions of rights of redemption under the Personal Property Security Act (British Columbia). The shares pledged in the subsidiary company will be deposited in escrow pending release upon the Companys performance under the terms of the Purchase Agreement. The proceeds from the sale of the drill will be used as working capital for general corporate purposes.

The Company has now completed a base case internal analysis of the potential development of its Million Mountain Zone 1 hard-rock resource, including an in-house update to its NI 43-101 resource. This in-house update and analysis, though not intended to be NI 43-101 compliant, has provided the Company with strong encouragement for proceeding with an update of the resource to NI 43-101 standards and initiation of all actions aimed at moving forward with the evaluation of production and the commercial potential of the deposit as soon as practicably possible. These activities shall include as appropriate, commissioning of environmental studies, application for necessary permits for production operations, metallurgical studies, commissioning of a third party feasibility study, and arrangement of financing for development if warranted.

We are excited about the progress marked by the encouraging results of our internal analysis of the prospect of near term development of the Million Mountain hard-rock.

About Sacre-Coeur

The Company is engaged in the acquisition, exploration, development, and production of properties for gold, metals and diamonds in South America, initially focussing on exploration and production of gold from its properties in Guyana. The Company presently holds 100% interest in approximately 850 sq. km of mineral properties in Guyana, including the Million Mountain Property which hosts an NI 43-101 compliant hard-rock resource of 12,119,285 tonnes grading 1.0 g/t Au Measured, and 2,175,278 tonnes grading 0.9 g/t Au Indicated for a total 451,000 tr oz Au combined. The Company has offices in Vancouver, Canada and Georgetown, Guyana. More information about the Company is available at .

ON BEHALF OF THE BOARD OF DIRECTORS OF SACRE-COEUR MINERALS, LTD.

Gregory B. Sparks Gregory B. Sparks, P. Eng. President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 or forward-looking information within the meaning of applicable Canadian securities laws, which we will refer to as forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as plans, expects, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or believes or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking information includes, but is not limited to, statements pertaining to development activities, commissioning of environmental studies, application for necessary permits for production operations, metallurgical studies, commissioning of a third party feasibility study, arrangement of financing for development, formal production decisions, business combinations.

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Sacre-Coeur Minerals Arranges Equipment Sale to Riverside Resources: Aims at Development of Million Mountain Zone 1 ...