Ms. Lenna Leopoldo reports

ST. AUGUSTINE ANNOUNCES ACQUISITION OF REMAINING INTEREST IN KINGKING COPPER GOLD PROJECT

St. Augustine Gold and Copper Ltd. has entered into an agreement with its co-venture partner National Development Corp. to acquire the balance of the King-king copper-gold project located in the Philippines. The company will issue a convertible note to Nadecor in the amount of $9,018,750, convertible into 185 million company shares at a deemed price of 0.4875 cent. In return, St. Augustine will acquire all the outstanding of shares of Nadecor's subsidiary Kingking Mining Ltd., which holds the exploration and development rights to the project.

The note bears no interest and is structured to be assignable by Nadecor, including to its shareholders, at its discretion. Conversion must take place within six months.

Closing of the placement is expected to occur on or about May 26, 2025, and is subject to the approval of the Toronto Stock Exchange, as well as other customary closing conditions.

The parties feel that it will be easier to develop the project with this transfer of Nadecor's interest into one entity.

About St. Augustine Gold and Copper Ltd.

St. Augustine is a Toronto Stock Exchange-listed mining company focused on the development of the King-king copper-gold project. The project is one of the largest undeveloped copper-gold deposits in the world and is listed as a top-three priority mining project by the Philippine government.

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