St. Eugene closes $924,115 non-brokered private placement

    /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S.
    NEWSWIRE SERVICE/

    TSX VENTURE SEM

    VANCOUVER, April 18 /CNW/ - (TSX.V: SEM) Rolly Trenaman, President
announces that the non-brokered private placement of units and flow-through
shares originally announced on February 28, 2007 and amended on March 8 and
April 11, 2007 has been approved by the TSX Venture Exchange and has closed.
    A total of 4,180,000 units and 2,239,500 flow-through shares were sold
resulting in gross proceeds to the Company of $924,115. Each unit consists of
one common share of the Company and one-half of one non-transferable common
share purchase warrant. Each full warrant will be exercisable to acquire one
additional share for a period of 18 months from closing date. These warrants
will expire on October 16, 2008. A finder's fee of $75,877 cash and 513,950
agent warrants exercisable at $0.18 for a period of 18 months from date of
closing of the private placement will be paid. The agent warrants will expire
on October 16, 2008. These securities shall be subject to a hold period of
four months which expires on August 16, 2007.
    Proceeds from the private placement will be used to carry out additional
diamond drilling on its Moyie Project properties located approximately 20
kilometers south of Cranbrook, BC.
    For further details on the Company, please refer to the Company's website
www.steugenemining.ca, and its Canadian regulatory filings on SEDAR at
www.sedar.com.

    On Behalf of the Board of Directors of
    ST. EUGENE MINING CORPORATION LIMITED
    "R. T. Trenaman" President and CEO

    This news release was prepared by Management who take full responsibility
for content. The TSX Venture has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Forward-looking
statements in this release are made pursuant to the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that may cause
the Company's actual future-period results to differ materially from
forecasts.

    %SEDAR: 00005863E

For further information:

For further information: R. T. Trenaman at (604) 669-5775, Email:
info@steugenemining.ca; Kirsti Mattson at (604) 202-2484, Email:
kusickmattson@yahoo.ca - media