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    St-Georges Eco-Mining - Älteste Beiträge zuerst

    eröffnet am 24.10.17 22:13:48 von
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      schrieb am 24.10.17 22:13:48
      Beitrag Nr. 1 ()
      Focused on Iceland Gold & Energy Metals Exploration while developing
      extraction technologies that are reducing environmental impact of mining activities

      St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

      The Company control directly or indirectly all of the active mineral tenures in Iceland. It also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec's North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

      Präsentation:
      http://st-georgesplatinum.net/wp-content/uploads/2017/10/St-…

      SEDAR:
      http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03…





      ***

      Gab gestern eine Anfrage der Regulierungsbehörde/Börsenaufsicht zum Handel und Kursanstieg der letzten Tage.

      St-Georges Platinum does not say why trading is up

      2017-10-23 15:02 ET - News Release

      Mr. Frank Dumas reports

      SURGE IN MARKET ACTIVITY: ST-GEORGES IS UNAWARE OF ANY MATERIAL CHANGE

      At the request of IIROC (Investment Industry Regulatory Organization of Canada), St-Georges Platinum and Base Metals Ltd. wishes to confirm that the company's management is unaware of any material change in the company's operations that would account for the recent increase in market activity.

      The company is committed to deliver positive results on its different business initiatives and to keep its shareholders and stakeholders informed and up to date on any and all developments as early as results or progress can be disclosed.

      ***

      Gruß phobieeee
      1 Antwort?Die Baumansicht ist in diesem Thread nicht möglich.
      Avatar
      schrieb am 26.10.17 23:46:01
      Beitrag Nr. 2 ()
      St-Georges Devises Test Protocols In Anticipation Of Lithium Extraction Pilot Plant Testing

      (link: http://bit.ly/2gF12Ah) bit.ly/2gF12Ah

      Montreal, Quebec / TheNewswire / October 26, 2017 - St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to report on the progress of its research initiative aimed at extracting lithium in sediments in collaboration with Iconic Minerals ltd (TSX-V:ICM).

      The Company previously reported the receipt of the first series of sediment sample bags from the Iconic wholly owned Bonnie-Claire lithium project. Test protocols have been devised and the company has identified an independent laboratory that will confirm results on an on-going basis. Final independent review will be then done with a third party certified laboratory near the end of the year. This will be the last step needed before initiating the pilot-plant full scale testing phase planned for the first quarter of 2018.

      St-Georges and Iconic are currently putting the final touches on the long form agreement that should govern their relationship in this endeavor. Shareholders of both companies should expect further announcements on that matter in November.

      Characterization work for the lithium recovery is initiated. In November, bench testing trials should be run in multiple batches. Apart from the main goal to recover lithium from the clay, St-Georges' metallurgists will also test the material in relation with different potential contaminants that might or might not exist in the Bonnie-Claire project on a larger scale. Some of these tests will stimulate these types of materials by adding contaminants to the original material received.

      The work that will occur before year end will indicate the path forward to pilot plant scalability trials and additional in depth testing works for next year to confirm and optimize the recovery steps.

      St-Georges management is excited to move on to the bench testing work and economic recovery of lithium. Further updates on milestones and adjustments to the testing protocol will be communicated to the shareholders and stakeholders of the company on a regular basis for the duration of the trial period.

      St George continues to move forward in becoming a partner to the mining and metallurgy industry with greener and environmentally safer processes for economic recovery of many strategic elements for future needs of the industry.

      The Company is committed to delivering positive results on its different business initiatives and to keep its shareholders and stakeholders informed and up to date on any and all developments as early as results or progress can be disclosed.

      ON BEHALF OF THE BOARD OF DIRECTORS

      "Frank Dumas'

      FRANK DUMAS, PRESIDENT & CEO

      About St-Georges

      St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

      The Company controls directly or indirectly all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec's North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

      The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
      Avatar
      schrieb am 31.10.17 10:21:39
      Beitrag Nr. 3 ()
      St-Georges' Subsidiary Kings of the North Names Gerry Nicholls to its Board of Directors
      https://www.thenewswire.com/archives?id=L5PFeaQQ

      Montreal, Quebec / TheNewswire / October 30, 2017 - St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announced to its shareholders and stakeholders that Mr. Gerry Nicholls has joined the board of its wholly-owned subsidiary, 'Kings of the North Corporation'.

      Gerry has more than 25 years' experience in advocacy, in political campaign messaging and in media management with in-depth expertise in strategic planning and media relations. Over the years Gerry has worked with a wide range of organizations in multiple countries, from Senatorial candidates in the United States to national branding campaigns. From 1985 to 2007 Gerry was Vice President Media and Communications for the National Citizens Coalition. He has been a guest speaker at numerous conferences sponsored by the Fraser Institute, the Alberta Law Society and the Institute for Liberal Studies. He has written numerous opinion editorials which have appeared in newspapers in the United States including the New Hampshire Union Leader and throughout Canada including the Globe and Mail, the National Post and the Toronto Star. He is also a sought after media commentator.

      Mark Billings, president of the Kings of the North Corp., has asked Gerry Nicholls to advise the company on its communication strategy and on topics related to governmental affairs. Mr. Nicholls will complete the team already in place that includes Dr. Peter Smith Ph.D. and Ms. Neha Tally.


      ON BEHALF OF THE BOARD OF DIRECTORS

      "Mark Billings

      MARK BILLINGS, CHAIRMAN OF THE BOARD & PRESIDENT OF KINGS OF THE NORTH COPORATION.
      Avatar
      schrieb am 31.10.17 10:21:53
      Beitrag Nr. 4 ()
      St-Georges (CSE:SX) Featured In The Wallace Street Journal
      By David Bond

      Iceland is probably not the first country on a gold prospectors’ list. However, Canadian junior St-Georges (CSE:SX) and (USOTC:SXOOF) intends to change that perception, with what it calls “Eco-Mining” to develop gold recovery and tailings refinement.
      St-Georges’ flagship property is the Thormodsdalur (“Thor”) deposit, which district was explored by Teck in 1992. Teck found what it called such “anonymously high” gold values from placer diggings. So high, in fact, that Teck re-checked its work with different labs and diggings and came up with the same results.


      Nevertheless, little gold mining has been done in Iceland since the Second World War, and didn’t commence until shortly before the First World War. Thus, the Icelandic population of 334,000 – about the same size as the city of Anchorage, Alaska, is cautious about the environmental impacts of such activity.


      Hjalti Franzson of the Iceland Geosurvey, based in Reykjavík, negotiates the newly-charted waters of mining in Iceland, where both local and national jurisdictions are involved in the permitting process.


      “Firstly, we have not been brought up in a mining environment (like Canada) which raises questions you have answered long ago. The main one is environmental, and concerns pollution. That pollution is mainly two-fold. One one hand we have the base metal pollution which has been emphasized by the opponents. This should be of no worry in the case of Thormodsdalur or indeed in other places in Iceland, simply because all the epithermal systems have negligible concentrations of these metals as they are derived from freshwater geothermal systems . . .
      “A mine is envisioned as as being devastating and an ugly wart on the landscape. However, an effective mining in Thormodsdalur will only take a few years and after that the landscape will return to normal as all material will either be removed from the site or become repacked back into the underground mine. Having seen a number of mines in Scandanavia, I believe that the mine will become an interesting tourist spot.


      “Tourists have become become the new environmental ‘threats,’” he quipped.
      Thor’s proximity to Rekyavik (about 40 km) is both its handicap and advantage. City-dwellers
      fear of a mining project so close to Iceland’s capital. On the other hand, infrastructure and a capable work-force are close at hand.


      “The permit we are seeking is at this moment only for exploration with minimal environmental impact, so that the area will hardly be affected. (The next stage) will be for permission to mining. I assume that when we reach that stage, strict environmental rules will apply, similar to other Scandanavian countries and Canada’s. Then we have convinced the ruling bodies about the low pollution in the Icelandic gold environment, I can see only minor obstacles for mining permissions,” Franzson said.


      Frank Dumas, CEO of St.-Georges, said governance over permits arises at the local level, then is decided on the National or Central government level. St.-Georges has several properties, including geothermal efforts in-situ research in Iceland, and has been green-lighted for exploration on 4,600 square kilometers at present applications Drilling and provenance to N.I. 43-101 standards are in the planning stages now.


      One of the beauties of gold-mining in Iceland is the ever-present geothermal energy, which is a significant cost reducer, St-Georges’ Dumas said. “This (geothermal power) is a developed technology as applies to mining, and can be exported to other mining districts from Ontario to mainland Scandavia proper,” he added. “As such, the enviromental impact and demand on existing infrastructure will be all but non-existent.”

      St-Georges is prepared to accept offers of a partnership once the resource at Thor are proved up to 43-101 standards and currently has an NDA in place with majors and second-tier miners for due diligence purposes.
      Avatar
      schrieb am 01.11.17 20:51:55
      Beitrag Nr. 5 ()
      Ansehnlicher Anstieg unter ansehnlichem Handelsvolumen!

      https://www.stockwatch.com/Quote/Detail.aspx?symbol=SX®io…

      Weighted average number of common shares outstanding – basic and diluted - 56,547,156 zum 30.06.2017

      ---

      https://twitter.com/search?q=%24SX&src=ctag
      https://twitter.com/StGeorgesPlat

      Gruß phobieeee

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      schrieb am 02.11.17 19:09:00
      Beitrag Nr. 6 ()
      St-Georges' Subsidiary Kings of the North Planning Financing Effort that will Include Cryptocurrencies
      https://www.thenewswire.com/archives/Be9Frg9Y-st-georges-sub…

      Montreal, Quebec / TheNewswire / November 2, 2017 - St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to inform its shareholders and stakeholders that the Company has enrolled the services of a third party escrow service company, which will allow its subsidiary to secure a portion of its future financing in Bitcoins and other cryptocurrencies.

      That subsidiary, Kings of the North Corp. (KOTN), will be seeking to raise up to $5 million in financing, the timeline and the nature of which will be communicated at a later date. At this point, the company has received no firm offer and there is no guarantee such an offer would meet its expectations.

      "As St-Georges intend to bring new technologies to the mining industry, the Company would also like to be a pioneer in the use of financial innovations, such as bitcoins and cryptocurrencies" commented Mark Billings, president of KOTN.

      St-Georges also received interest from some of its main suppliers to be paid in Bitcoins. One such supplier, North Atlantic Mining Associates Ltd (NAMA), which is in charge of all the work of St-Georges' Icelandic subsidiary, Iceland Resources EHF, has agreed to receive payments in Bitcoins for the coming drilling campaign. The Honorable Lord Timothy Razzall, NAMA Chairman commented: "NAMA is pleased to be part of this exciting development in Iceland. The project fits nicely with NAMA's strategy of developing its construction and drilling business".

      ON BEHALF OF THE BOARD OF DIRECTORS

      "Mark Billings

      MARK BILLINGS, CHAIRMAN OF THE BOARD & PRESIDENT OF KINGS OF THE NORTH.
      Avatar
      schrieb am 05.11.17 12:15:14
      Beitrag Nr. 7 ()
      St-Georges Notifies Warrants Holders Of Its Intention To Accelerate The Expiry Date Of Certain Warrants
      https://www.thenewswire.com/archives?id=BNMFNemm" target="_blank" rel="nofollow ugc noopener">https://www.thenewswire.com/archives?id=BNMFNemm

      Montreal, Quebec / TheNewswire / November 3, 2017 - St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to inform certain warrants holders of its intention to exercise its discretion in the acceleration of the expiry date of the warrants dated May 6, 2016.

      To those Holders of Share Purchase Warrants dated May 6, 2016

      Please be advised that St-Georges Platinum & Base Metals ltd. is accelerating the expiry date of the share purchase warrants dated May 6, 2016;

      The share purchase warrants were issued in connection with a private placement of units, with each share purchase warrant being exercisable into one additional unit of the Company at a price of $0.04 per units until September 7, 2018;

      At the closing of the market on November 1, 2017 the company share price has traded at a Volume Weighted Average Price of $0.0615 meeting and exceeding the requirements to allow the company to accelerate the expiration date of the said warrants;

      The expiry date of the Warrants has now been accelerated to

      December 1, 2017.

      The Warrants were subject to the right of the Company to accelerate the expiry date of the Warrants under these conditions:

      "At its discretion, the Company will be able to force the exercise of the warrants if the price of the common shares on the CSE is at or above 150% of the warrants' exercise price for 10 consecutive days based on a VWAP calculation." (St-Georges Press Release May 6, 2016)

      If over a period of ten (10) consecutive trading days, the weighted average closing price of the Shares on the Exchange is at or exceeds 150% of the warrant execution price, then the Issuer may give notice in writing within 20 days of such an occurrence to the Subscriber that the warrants shall expire on the 20th business day following delivery of notice to the Subscriber by the Issuer in accordance with the current Accelerated Expiry Provision unless previously exercised by the Subscriber. (Warrant Acceleration Clause)

      In order to exercise your Warrants, you are required to complete and submit the Notice of Exercise attached to your respective warrant certificate on or before 5:00 pm on December 1, 2017. For detailed exercise requirements, please refer to your Warrant Certificate.

      ON BEHALF OF THE BOARD OF DIRECTORS

      "Frank Dumas"

      FRANK DUMAS, CEO & DIRECTOR

      ---

      Gruß phobieeee
      1 Antwort?Die Baumansicht ist in diesem Thread nicht möglich.
      Avatar
      schrieb am 05.11.17 13:24:04
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 56.103.305 von phobieeee am 05.11.17 12:15:14Hier der Link zu dem Placement vom 06.05.2016.

      https://thecse.com/sites/default/files/investorx/SX/16050614…

      ST-GEORGES ANNOUNCES THE CLOSING OF A $145,000 NON-BROKERED PRIVATE PLACEMENET

      Montreal, Quebec, May 6, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has received total subscriptions of $145,000 for 7,250,000 units from eleven placees for what constitutes the final closing of the private placement announced on March 31, 2016.

      Insiders participation: Neha Tally (Corporate Secretary): $9,000; Mark Billings (Director): $25,000, Richard Barnett (CFO): $10,000 and Enrico Di Cesare (Director): $15,000.

      FINANCING TERMS
      On March 31st, the Company announced a private placement for a maximum of $145,000. The offering consists of units priced at $0.02 each. The Units consist of one common share and one non-transferable 28-month warrant entitling the purchaser to acquire one common share and one additional warrant for an initial exercise price of $0.04. The second warrant will have an exercise price of $0.06 and will expire 28 months after the initial financing closing date.

      At its discretion, the Company will be able to force the exercise of the warrants if the price of the common shares on the CSE is at or above 150% of the warrants’ exercise price for 10 consecutive days based on a VWAP calculation.

      Proceeds of this financing will be set aside in order to pay costs related to Exchanges listings, Transfer Agents, Annual Shareholder Meetings, costs associated to the annual audits and to settle certain short term debts at a favorable rate.

      ---

      Von den 145,000 USD kamen 59,000 USD von Insidern, sprich 40,69 %.

      Ich sehe keinen Grund warum hier die 7,250,000 Warrents zu 0,04 USD nicht gewandelt werden sollten. Dies würde wieder 290,000 USD in die Kasse von SX spülen. Es ist denkbar, dass die nächsten Wochen Aktien über den Markt verkauft werden um Geld für die Wandlung(en) freizuschaufeln, aber rechne hier nicht mit einem großes Rückgang.

      Gruß phobieeee
      Avatar
      schrieb am 16.11.17 16:09:05
      Beitrag Nr. 9 ()
      St-Georges Updates on Share Issuance & Warrants Execution
      https://www.thenewswire.com/archives?id=AG9FYm7o

      Montreal, Quebec / TheNewswire / November 13, 2017 - St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to provide a corporate update to its shareholders and stakeholders and also comment on the status of the warrants of which the expiry date is being accelerated to December 1st.

      Share issuance

      The Company's total outstanding common share amount has been increased by 4,921,370 due to the transactions below:

      1.Issuance of 2,000,000 shares to the original vendors of LeRoyal Lithium project;

      2.Issuance of 1,800,000 for a proceed of $72,000 for warrants executed;

      3.Issuance of 621,370 for the conversion of debentures in common shares;

      4.Issuance of 500,000 in favor of Quantum Numbers Corp (TSX-V: QNC) for Saguenay projects acquisition;

      Le Royal Lithium Project

      The project is now owned 90% by St-Georges and 10% by Lepidico (ASX: LPD). All shares and cash payments have been done. The Company now has work commitments and obligations of $450,000 over the next 2 years. Some of the work that was initiated last year will be restarted this month or in early spring.

      Iceland Resources

      The Company is actively working on the permitting process for exploration drilling in Iceland on its priority targets. The Company received questions regarding the recent elections in the Icelandic Parliament from some of its shareholders. This answer is provided by Kristin Olafsdottir, CEO of St-Georges' subsidiary Iceland Resources: "(...) the recent elections have no impact for the Company. Iceland has a stable political system and a professional public administration with transparent and open processes. We are making progress in regard to our licensing efforts and matters are moving though the correct channels with in the appropriate governmental bodies, nothing indicates that this will change for the foreseeable future."

      Saguenay Projects

      On November 10, the Company has agreed to acquire all the remaining ownership of Quantum Numbers Corporation ("QNC"), also formerly known has Active Knowledge or ("ACK") in a series of projects referred to as the Saguenay Projects. St-Georges agreed to pay $5,000 in cash, assumed all undergoing exploration work invoices, will establish a 1.5% NSR on these claims in favor of QNC (of which 1% can be bought back for $1.5 million) and issue 500,000 common shares of St-Georges to QNC. These projects are important to St-Georges alternative lithium technology initiative. Core claims owned privately by St-Georges management might be acquired by the Company after a review by an internal committee that will exclude Mr. Dumas and Mr. Billings who currently co-own the 8 historical mines that QNC & St-Georges claims surrounds.

      Clay Lithium Extraction

      The Company is currently advancing its lithium clay research initiative in collaboration with Iconic Minerals (TSX-V: ICM) with the goal of publishing early results before the end of November. Additional discoveries have added to the workload of the company metallurgists. St-Georges should choose the independent company that it will subcontract the execution of some of the verification work in the coming days. Iconic and St-Georges are currently finalizing the long form agreement that they should execute within the next 10 working days.

      ON BEHALF OF THE BOARD OF DIRECTORS

      "Frank Dumas"

      FRANK DUMAS, PRESIDENT & CEO
      Avatar
      schrieb am 16.11.17 16:11:11
      Beitrag Nr. 10 ()
      St-Georges' Subsidiary Kings of the North Corp Signs Letter Of Intent To Option Canadian Orebodies' Hemlo North Limb Gold Project

      https://www.thenewswire.com/archives?id=k6WFzOwK

      TheNewswire / November 14, 2017 / St-Georges Platinum & Base Metals ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to report on the progress of newly formed subsidiary, Kings of the North Corp. and its plans to option or "farm-in" the Hemlo North Limb Project.

      The company has entered into a Letter of Intent ("LOI") with Canadian Orebodies (TSX-V: CORE) in order to option or "farm-in" CORE's Hemlo North Limb Property which is located approximately 17 km northeast of the Hemlo gold mine in the Ontario's Marathon district. It covers approximately 7,008 hectares. A highway bisects the project providing good access to much of the property. A NI 43-101 Technical Report was completed in December 2016.

      KOTN interest in the project is driven by the similarity of formations within the project boundaries and at the nearby Hemlo Mine. These porphyry bodies contain gold within and adjacent to the property boundaries of the Hemlo North Limb Property. In addition, multiple gold and precious metal targets occur within banded iron formation and volcanic hosted massive sulfides. The company believes the multitude of gold and base metal targets generated by past work coupled with geophysical anomalies and historic drilling have de-risked the next phase of exploration. (See Figure 1. Below)


      Click Image To View Full Size

      Figure 1. Hemlo North Limb Property, Map of Mineral Occurrences

      Kings of the North Corp. intends to complete a reconnaissance program in the spring which will follow up on all VTEM anomalies and proposed drill targets before prioritizing its drilling program in summer, 2018.

      Kings of the North President, Mark Billings commented, "Kings of the North Corp. is very pleased to have entered into this agreement with Canadian Orebodies. We are excited about working with Canadian Orebodies to explore and develop the Hemlo North Limb Gold Property. This transaction represents a major step of our acquisition and development strategy for KOTN."

      Terms of the Transaction

      The LOI describes the terms and the conditions that should lead to a formal agreement. The parties agree that the Definitive Agreement will not be entered into until KOTN can demonstrate that it has raised at least $3,000,000 in equity financing.

      In order to acquire an initial 50% interest in the Hemlo North Limb Property, KOTN agrees to:

      -Pay to CORE a $50,000 cash deposit, on or before December 31, 2017

      -Upon execution of the Definitive Agreement, issue to CORE a $350,000 principal amount secured convertible note bearing interest at a rate of 15% per annum, calculated monthly but payable on maturity. The principal and accrued interest under the First Convertible Note will be convertible at the option of the holder at any time into common shares of KOTN at a conversion price equal to the lesser of the volume-weighted average price ("VWAP") of KOTN's common shares for the 20 trading days prior to conversion or, if KOTN is not a public company at the time of conversion, the price or deemed price per KOTN common shares in the most recent transaction in which KOTN issued common shares or securities convertible into KOTN common shares.

      -Incur or cause to be incurred exploration expenditures of $2,000,000 on the Properties before December 31, 2018

      In order to acquire an additional 25% interest in the Hemlo North Limb Property (for a total of 75%), KOTN agrees to:

      -Issue to CORE a $650,000 principal amount secured convertible note bearing interest at a rate of 15% per annum, calculated monthly but payable on maturity. The principal and accrued interest under the Second Convertible Note will be: (a) convertible at the option of the holder at any time prior to KOTN's becoming a Public Company into common shares of KOTN at a conversion price equal to the price or deemed price per KOTN common share in the most recent transaction in which KOTN issued common shares or securities convertible into KOTN common shares; and (b) if not previously converted, shall be automatically converted at the deemed stock exchange listing price of KOTN's common shares upon KOTN's becoming a Public Company.

      -Incur or cause to be incurred an additional $2,000,000 in exploration expenditures on the Properties and provide a NI 43-101 technical report before December 31, 2019.

      In order to acquire an additional 10% interest in the Hemlo North Limb Property (for a total of 85%), KOTN agrees to deliver a positive pre-feasibility study (with going forward recommendations) on the Project before December 31, 2021.

      Canadian Orebodies Buyback Option

      Canadian Orebodies has the option to buy back up to a 25% interest in the Properties by making the following payments to the Purchaser:

      -$1,000,000, and

      -300% x (the qualified expenditures incurred by the Purchaser, as well as any amounts incurred in relation to the production of a technical report and/or a pre-feasibility study) x (percent interest to be bought back by the Vendor)

      For example, assume the Purchaser obtains an 85% interest in the Properties after having spent $5,000,000 in total, and the Vendor wishes to buy back a 25% interest in the Properties. The Vendor would have to pay to the purchaser:

      -$1,000,000 +

      -300% x $5,000,000 x 25% = $3,750,000

      -TOTAL = $4,750,000.

      Thus, after having paid to the Purchaser the amount of $4,750,000, the Vendor would then have a 40% interest in the Properties and the Purchaser would be reduced to 60%.

      Kings of the North and Canadian Orebodies shall provide additional information in regards to the contemplated transaction and its progress in the coming weeks.

      Herb Duerr, CP.Geo, St-Georges' Director is a qualified person under NI 43-101 and has reviewed and approved the technical content of this release.

      ON BEHALF OF THE BOARD OF DIRECTORS

      "Mark Billings"

      MARK BILLINGS, PRESIDENT & CEO OF KINGS OF THE NORTH CORP. AND CHAIRMAN OF THE BOARD OF ST-GEORGES PLATINUM LTD.
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