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Sacre-Coeur Completes Prioritization and Restructuring of Its Guyana Property Portfolio; 1,013 sq km in Five Regional Blocks Retained
Monday, January 05, 2009 12:47 PM


VANCOUVER, BC -- (Marketwire) -- 01/05/09 -- SACRE-COEUR MINERALS, LTD. (the "Company") (TSX-V: SCM) (FRANKFURT: S5N) today announced that it has completed rationalization of its extensive portfolio of mineral properties in Guyana, South America. Over the past three years, the Company has conducted field exploration as well as desk-top reconnaissance studies over the prospective areas within its portfolio, which comprised approximately 2,360 sq km in seven regional blocks. The Company acquired rights to the portfolio under the Mining Agreement dated March 22, 2005, as amended, with Mr. Alfro Alfonso, which remains in effect.

Based on the exploration programs of the past three years, the Company has prioritized its holdings which it believes have sufficient resource potential to justify further investigation and development, while at the same time segregating those holdings which it does not believe to have potential to host a commercial deposit. Accordingly, the Company has now relinquished a total of 1,347.62 sq km to hold 1,013.11 sq km of its most prospective ground. This 57% reduction in property held results in a savings to the Company of US $308,557 at applicable annual rentals for 2009.

The remaining properties are held in five regional blocks (down from seven in the original portfolio). Two of the Company's seven regional blocks, the Oko and Mahdia-Issano blocks, have been dropped in view of management's assessment of their limited potential and in some cases difficult access, infrastructure or environmental issues.



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