An anonymous director reports

ST. JAMES GOLD CORP. (TSX-V: LORD) ANNOUNCES LOAN FINANCING

St. James Gold Corp. has closed a loan financing in the principal amount of $143,000 (U.S.).

The loan is evidenced by a promissory note issued by the company to the lender. The note bears interest at a rate of 10 per cent per annum, compounded annually, with accrued interest payable at maturity. The note matures on Dec. 31, 2027.

Any interest accruing during the period between the company's receipt of the loan proceeds and the issuance of the note will be added to the principal amount of the note. Principal and accrued interest will be payable at maturity in Canadian currency.

The proceeds of the koan will be used for general working capital and corporate purposes.

Further to St. James Gold's news releases dated Jan. 26, 2026, and May 5, 2026, effective June 30, 2026, all of the long-term debtholders of the company, including insiders Nicolas Lin ($175,000 at June 30 2026, and $145,000 at March 31, 2026) and Logan Anderson ($60,000 at June 30, 2026, and $45,000 at March 31, 2026), have agreed to extend their indebtedness to June 30, 2027. The indebtedness was previously extended to April 30, 2027. The parties continue to extend the debt so that it does not reflect on the company's working capital position, which is currently approximately $165,065.

The company has started its 2026 exploration program on the Grub Line property. The program includes complete relogging of extant drill core along with 3-D modelling of data to follow up on the 2025 work program (see news release dated Dec. 9, 2025). There are approximately 300 metres of sampling that can be analyzed based on earlier findings. 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. The program is being performed by David Burga of Deptford Geoscience Inc. It should also be noted that the scope of the program is limited by the amount and spacing of historical drilling performed so this effort modelling will not produce a National Instrument 43-101-compliant resource.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by David Burga, PGeo, a consultant to the company, who is a qualified person as defined by NI 43-101.

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 well-delineated geological theories; integrating all available geological, geochemical and geophysical data sets; and financing efficient exploration programs. The company currently holds 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.

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