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ST. JAMES GOLD CORP. ANNOUNCES DEBT SETTLEMENT 
TRANSACTION & GRANTS STOCK OPTIONS

Not for distribution to U.S. news wire services or dissemination in the United States.
Vancouver, British Columbia, September 17th, 2021 - St. James Gold Corp. (the "Company") (TSXV: LORD) (OTCQB: LRDJF) (
--->FSE: BVU3) is pleased to announce that the Company has settled US$80,000 of debt through the issuance of common shares
---> of the Company (the "Debt Settlement").  Pursuant to the Debt Settlement, the Company issued 18,392 common shares in 
--->the capital of the Company (the "Shares") at a deemed price of $5.70 per Share to North Equities Corp ("North Equities
--->"). As announced on July 28, 2021, North Equities and the Company entered into a 6-month consulting agreement pursuant
---> to which North Equities is assisting the Company with its media outreach strategy. No further payments are due from t
--->he Company to North Equities pursuant to the agreement. 
The Shares will be subject to a statutory hold period which will expire on the date that is four months and one day fo
--->r the date of issuance.

The Company also announces that it has issued 805,000 stock options to directors, officers and consultants of the Comp
--->any to purchase up to 805,000 common shares in the capital of the Company.  The options are exercisable for a period o
--->f two years from grant with an exercise price of $3.19.

About St James Gold Corp. 
St. James Gold Corp. is a publicly traded company listed on the TSXV under the trading symbol "LORD", in the U.S. Mark
--->et listed on the OTCQB under the trading symbol "LRDJF" and on the Frankfurt Stock Exchange under the trading symbol "
--->BVU3". The Company is focused on creating shareholder value through the discovery and development of economic mineral 
--->deposits by acquiring prospective exploration projects with well delineated geological theories, integrating all avail
--->able geological, geochemical and geophysical datasets, and funding efficient exploration programs. The Company current
--->ly holds both an option to acquire a 100% interest in 29 claims covering 1,791 acres in the Gander gold district in no
--->rth-central Newfoundland adjacent to New Found Gold Corp.'s Queensway North project, and an option to acquire a 100% i
--->nterest in 28 claims covering 1,730 acres in central Newfoundland adjacent to Marathon Gold's Valentine Lake property.
---> The Company also announced an Option and Joint Venture Agreement dated April 1, 2021, as amended, to acquire up to an
---> 85% interest in the Florin Gold Project, covering nearly 22,000 contiguous acres in the historic Tintina Gold Belt in
---> the Yukon Territory. For more corporate information please visit: http://stjamesgold.com/

St. James Gold Corp.
For further information, please contact:
George Drazenovic, Chief Executive Officer
Tel: 1 (800) 278-2152
Email: info@stjamesgold.com
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian s
--->ecurities laws (collectively, "forward-looking statements"). Forward-looking statements in this news release relate to
--->, among other things: the issuance of common shares pursuant to the exercise of options and all other statements that 
--->are not historical facts, particularly statements that express, or involve discussions as to, expectations, beliefs, p
--->lans, objectives, assumptions or future events or performance of the Company. Often, but not always, forward-looking s
--->tatements can be identified through the use of words or phrases such as "will likely result", "are expected to", "expe
--->cts", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "proj
--->ection", "strategy", "objective" and "outlook". Forward-looking statements contained in this news release are made bas
--->ed on reasonable estimates and assumptions made by management of the Company at the relevant time in light of its expe
--->rience and perception of historical trends, current conditions and expected future developments, as well as other fact
--->ors that are believed to be appropriate and reasonable in the circumstances. Forward-looking statements contained in t
--->his news release are made as of the date of this news release and the Company will not update any such forward-looking
---> statements as a result of new information or if management's beliefs, estimates, assumptions or opinions change, exce
--->pt as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual 
--->results and future events could differ materially from those anticipated in such statements. Accordingly, the reader i
--->s cautioned not to place undue reliance on forward-looking statements. 
Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond 
--->the Company's control, which could cause actual results, performance, achievements and events to differ materially fro
--->m those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but
---> are not limited to, the impact and progression of the COVID-19 pandemic and other factors outlined in the Company's A
--->nnual Information Form dated July 26, 2021 (the "AIF") filed under the Company's profile on SEDAR at www.sedar.com. Th
--->e Company cautions that the list of risk factors and uncertainties described in its AIF on SEDAR are not exhaustive an
--->d other factors could materially affect its results. 
New factors emerge from time to time, and it is not possible for the Company to consider all of them, or assess the im
--->pact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ mat
--->erially from those contained in any forward-looking statement. Any forward-looking statements contained in this news r
--->elease are expressly qualified in their entirety by this cautionary statement.
NEITHER THE 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.