File: Attachment STJ News Release Dec 9 2025.pdf

St. James Gold Update on Grub Line Property, NL

Vancouver, British Columbia, December 9, 2025 (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3).

In 2025, St. James Gold Corporation (the "Company" or "St. James") 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 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+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 3D modelling of data. There is a total of 376m 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 Au-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 NI43-101 compliant resource.

Commenting on the results of the 2025 program to date, EGS project geologist Mr. 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 Corp. is a publicly traded company listed on the TSX Venture Exchange 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 integration of geological, geochemical, and geophysical datasets.

The technical content of this news release has been reviewed and approved by Bryan Sparrow P.Geo. (PEGNL #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 has not been verified.

For more corporate information please visit: http://stjamesgold.com/

St. James Gold Corp. For further information, please contact: 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 securities laws (collectively, "forward-looking statements"). All other statements that are not historical facts, particularly statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance of the Company. Often, but not always, forward-looking statements can be identified through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", forecast", "projection", "strategy", "objective" and "outlook". Forward- looking statements contained in this news release are made based on reasonable estimates and assumptions made by management of the Company at the relevant time in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate and reasonable in the circumstances. Forward-looking statements contained in this news release are made as of the date of this new 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, except 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 is 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 from those that are disclosed 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 outlines in the Company's Annual Information Form dated July 26, 2021 (the "AIF") filed under the Company's profile on SEDAR at www.sedar.com. The Company cautions that the list of factors and uncertainties described in its AIF on SEDAR are not exhaustive and other factors could materially affect its results.

New factors emerge from time to time, and its is not possible for the Company to consider all of them, or assess the impact of each such factor or to the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward- looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

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