Severstal Terminates Acquisition of Sacre-Coeur Minerals

SACRE-COEUR MINERALS, LTD. ('Sacre-Coeur?) today announced that
it has received a written notice of termination of the proposed
acquisition of Sacre-Coeur by NORD GOLD N.V., formerly named SEVERSTAL
GOLD N.V. (the 'Purchaser?) and SEVERSTAL GOLD LLC
('Severstal Gold?), affiliates of OAO Severstal (LSE: SVST; RT: CHMF).
Said notice was provided in accordance with paragraph 17 of the
Agreement among the parties dated September 21, 2010, as amended (the
'Agreement?). Closing of the transaction contemplated by the Agreement
was subject to various conditions, including the successful completion
of due diligence, court approval, securityholder approval and
satisfaction of customary closing conditions. The Purchaser and
Severstal Gold cited failure of due diligence to their satisfaction as
the reason for termination.

Management of Sacre-Coeur will be scheduling a conference call for
investors, analysts and institutions sometime next week to discuss
termination of the transaction and to outline Sacre-Coeur′s business
plan and steps it plans to take in the near future to ramp up
development of the Company.

According to Irwin Olian, Chairman of the Company, 'We are disappointed
to learn that Severstal has concluded Sacre-Coeur does not fit into its
near-term development plans. However, our management team remains
excited about the Company′s prospects for the future and we are
committed to achieving long-term success with our projects in Guyana.
This short-term disappointment may actually prove to be a blessing in
disguise as we work to build significant shareholder value in the
future.?

About Sacre-Coeur

Sacre-Coeur is engaged in the acquisition, exploration and development
of properties for the potential mining of gold, metals and diamonds in
South America, initially focusing on exploration for gold on its
properties in Guyana. Sacre-Coeur presently has an interest in
approximately 1000 sq. km of mineral properties in Guyana, including the
Million Mountain Property. Sacre-Coeur has offices in Vancouver, Canada
and Georgetown, Guyana. More information about Sacre-Coeur is available
at <www.scminerals.com>.

Forward Looking Statements

Certain statements herein constitute forward-looking statements or
forward-looking information within the meaning of applicable securities
legislation, including the statements or information about the
Transaction.Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual results,
performance or achievements of Sacre-Coeur to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements or information.

With respect to forward-looking statements and information contained
herein, we have made numerous assumptions including among other things,
assumptions of our ability to close the Transaction. Although our
management believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can
be no assurance that a forward-looking statement or information herein
will prove to be accurate.Forward-looking statements and
information by their nature are based on assumptions and involve known
and unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or
information.Such risks and uncertainties include risks and
uncertainties involved in satisfying the conditions to close the
Transaction.

There can be no assurance that forward-looking statements or
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements.Accordingly, readers should not place undue reliance on
forward-looking statements or information.All forward-looking
statements and information made herein, are qualified by this cautionary
statement.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SACRE-COEUR MINERALS, LTD.

'Gregory B.Sparks?

Gregory B. Sparks

President & CEO

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

Sacre-Coeur Minerals, Ltd.

Gregory B. Sparks, President & CEO

Phone:
604-899-0100

Fax: 604-899-0200

Email: greg@scminerals.com

or

Scott
Young, Corporate Communications

Phone: 604-899-0100

Cellular:
705-888-2756

Fax: 604-899-0200

Email: scott@scminerals.com

or

Irwin
Olian, Chairman

Phone: 604-899-0100

Fax: 604-899-0200

Email:
tigertail@scminerals.com