MONTREAL, QUEBEC--(Marketwire - July 15, 2010) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, 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 UNLESS REGISTERED OR EXEMPT THEREFROM.

St-Georges Platinum and Base Metals Ltd. (CNSX: SX) is pleased to announce the signature of an arm's length acquisition agreement for a 100% interest in 3 claims adjacent to the Villebon property located about 21 km south of Louvicourt village and about 45 km south-east of Val d'Or in the Abitibi region (the "Property"). St-Georges is acquiring the Property from M. Fayz Yacoub. The Property covers a total area of 78.2 hectares.

To complete the acquisition St-Georges must pay in cash to the vendor $20,000 and issue to the vendor 450,000 treasury shares upon regulatory approval and delivery of the staking certificates.

A 1% NSR is payable on all production from the Property. The 1% NSR can be bought back by St-Georges for a payment of $500,000 on or before July 13, 2011 and thereafter for a total amount of $1,000,000.

The Villebon property, which includes the St-Georges owned claims or over which it holds an interest, now covers 26 claims. This represents an area of more 1,059.58 hectares.

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

All the securities issued pursuant to the acquisition are subject to a four month hold period from the date of issuance ending November 15, 2010.

In addition, St-Georges wish to announce that the current Chairman of the Board, Mr. François H. De Beaulieu is resigning as Chairman and director and is taking a special consultant position with the company. St-Georges would like to thanks Mr. De Beaulieu, who had agreed to continue to serve as Director during a 6 months transition period, for his loyal services and his planning to use his expertise in the future as consultant to help implement the company's development plan.

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 jointly with Litewave Corp the Villebon property in Abitibi Quebec and eight North Shore properties that constitute the Manicouagan constellation and owns 100% of 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.st-georgesplatinum.com

THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE CORPORATION'S CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE CORPORATION TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR EXPECTATION IMPLIED BY THESE FORWARD LOOKING STATEMENTS.