An anonymous director reports

ST. JAMES GOLD CORP. (TSX-V: LORD) (OTCQB: LRDJF) ANNOUNCES IT IS EXPLORING THE ACQUISITION OF A COMPANY THAT HOLDS A PATENT FOR ADVANCED LASER TECHNOLOGY FOR URANIUM ENRICHMENT FOR NUCLEAR FUEL

St. James Gold Corp. is considering the acquisition of a company that holds a patent for an advanced laser technology for uranium enrichment for nuclear fuel needed by nuclear energy reactors and facilities. The target company has directors, officers and shareholders in common with the company; accordingly, any acquisition would be subject to satisfying the requirements of TSX Venture Exchange Policy 5.9, Protection of Minority Security Holders in Special Transactions, and Multilateral Instrument 61-101 adopted by certain securities commissions. The company has appointed a special committee of independent directors to review the potential acquisition, supervise due diligence activities, retain advisers and negotiate acquisition terms.

Readers are warned that the company is in the preliminary investigation stage of the possible acquisition and no agreement of any kind has been reached and no acquisition terms have been negotiated. There is no assurance an agreement will be reached for this acquisition. The company will issue a further news release if and when a definitive agreement is reached.

About St. James Gold Corp.

St. James Gold Corp. is a publicly traded company listed on the TSX-V under the trading symbol LORD, in the U.S. market listed on OTCQB under LRDJF and on the Frankfurt Stock Exchange under 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 available geological, geochemical and geophysical data sets; and financing efficient exploration programs. The company currently holds: (i) a 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland, located adjacent to New Found Gold Corp.'s Queensway North project; and (ii) a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland, located adjacent to Marathon Gold's Valentine Lake property.

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