An anonymous director reports

ST. AUGUSTINE GOLD AND COPPER LIMITED ANNOUNCES COMPLETION OF DEBT CONVERSION OF $1,670,207

Further to its press release dated June 2, 2025, St. Augustine Gold and Copper Ltd. has completed its previously announced debt settlement transaction with Queensberry Mining and Development Corp. Pursuant to the debt settlement, the company issued an aggregate of 25,306,166 common shares in the capital of the company at a deemed price of 6.6 cents per common share, in consideration for the settlement of a total of $1,670,207 in connection with certain funds advanced to the company by the creditor.

The debt conversion is a related party transaction for the purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying on an exemption from the minority shareholder approval and formal valuation requirements of MI 61-101 due to the fact that the value of the transaction does not represent greater than 25 per cent of the market capitalization of the company.

About St. Augustine Gold and Copper Ltd.

St. Augustine is a 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.

We seek Safe Harbor.