Mr. Logan Anderson reports

ST. JAMES GOLD CORP. (CSE: LORD) ANNOUNCES SHARE CONSOLIDATION

Further to its news release dated Oct. 27, 2026, the Canadian Securities Exchange has accepted the consolidation of St. James Gold Corp.'s issued and outstanding common shares on the basis of one postconsolidation common share for five preconsolidation common shares.

The consolidation will be effective as of Nov. 9, 2026, and the company's common shares are expected to begin trading on the CSE on a postconsolidation basis at market open on or about Nov. 9, 2026.

The company currently has 39,535,628 common shares issued and outstanding. After the consolidation, the company will have approximately 7,907,126 common shares issued and outstanding. No fractional shares will be issued. Any fractional share will be rounded down to the nearest whole share if the fraction is less than one-half and rounded up to the nearest whole share if the fraction is one-half or more. No cash will be paid for fractional shares. The exercise or conversion price and the number of common shares issuable under the company's outstanding stock options and warrants will be adjusted proportionately in accordance with their respective terms.

The new Cusip number for the postconsolidation common shares will be 790014708 and the new ISIN (international securities identification number) will be CA7900147082. The company's name and trading symbol will not change.

Registered shareholders will receive a letter of transmittal from the company's transfer agent, Endeavor Trust Corp., with instructions for exchanging their existing share certificates for postconsolidation share certificates or DRS advices. Shareholders who hold their shares through a broker or other intermediary do not need to take any action.

About St. James Gold Corp.

St. James Gold is a publicly traded company listed on the CSE 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.

We seek Safe Harbor.