Mr. Bryan Sparrow of Eastern Geo reports

ST. JAMES GOLD UPDATE ON GRUB LINE PROPERTY, NL

In 2025, St. James Gold Corp. completed a property-wide exploration program. During this field work, Eastern Geo Services Inc. (EGS) performed a prospecting and mapping program collecting 108 samples of bedrock and till float. These samples were analyzed via Au (gold) fire assay and ICP34. The mapping program was performed to assess the distribution of rock types previously documented from historic government mapping and industry exploration programs. During the mapping exercise, exposures of bedrock units were documented which had not been previously observed. The results of the prospecting and mapping program indicated that there are weak but anomalous and generally consistent gold values hosted in black shale that was newly mapped at surface.

Historic intersections of this black shale unit were also observed in drill core. A core sampling program was initiated to see how Au mineralization might express down hole. Drill core stored at the Gov NL drill core facility was sampled and 114 samples of black shale was sent for Au plus ICP34 analysis. The results were consistent with samples taken at surface.

Further exploration activity for 2025/2026 as recommended by EGS is too complete relogging of extant drill core along with 3-D modelling of data. There is a total of 376 metres of sampling that will be analyzed based on earlier findings. EGS is recommending a targeted drill core logging and sampling program followed by modelling of the data. The second component of this exercise will be to potentially infer structural domains from the effort and to create a set of drill targets to increase the size of the known gold-mineralized sedimentary unit. It should be noted, the scope of the program is limited by the amount and spacing of historic drilling performed -- in this effort modelling cannot produce a National Instrument 43-101-compliant resource.

Commenting on the results of the 2025 program to date, EGS project geologist Bryan Sparrow indicated:

"The initial exploration evaluation of the property has brought into focus the potential of the Grub Line property to host gold mineralization in previously unrecognized mineralized rock units. Further, there is potential for structural complexity to be found that concentrates the gold-mineralizing distribution. This is unsurprising considering the proximity to New Found Gold's Queensway property adjacent to the Grub Line property. Further evaluation of Grub Line property is warranted."

About St. James Gold Corp.

St. James Gold is a publicly traded company listed on the TSX Venture Exchange under the trading symbol LORD, in the United States 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 integration of geological, geochemical and geophysical data sets.

The technical content of this news release has been reviewed and approved by Bryan Sparrow, PGeo (PEGNL No. 07509), an independent contractor (with EGS) and a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. The historic reporting information and data have not been verified.

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