St-Georges Platinum and Base Metals Ltd. announced that it has successfully completed its due diligence review of Iceland Resources EHF and signed a final definitive acquisition agreement. Subsequently to this transaction, St-Georges now own all of the outstanding shares of Iceland Resources. Mr. Vilhjalmur Thor Vilhjalmsson, chairman and biggest shareholder of Iceland Resources, will be joining the board of St-Georges. Vilhjalmur has been a director of civil and mining construction companies, financed and managed mining and mining service corporation and has been involved in the mining exploration and civil construction business for over 20 years.