Mr. Nicolaos Paraskevas reports

ST. AUGUSTINE ANNOUNCES NEW BOARD MEMBERS AND OFFICERS

Nicolaos Paraskevas and Andrew J. Russell have joined St. Augustine Gold and Copper Ltd.'s board of directors and the company has appointed Love "Lolot" D. Manigsaca as chief finance officer.

Mr. Paraskevas brings to the board a history of supervising major operational, financial, investment and business development activities across multiple jurisdictions in the copper industry. As global head of copper for Glencore International, Mr. Paraskevas played an integral role in the financing, development, commissioning and operations of several large-scale projects including significant acquisitions and disposals. He was also responsible for the trading of all copper, cobalt and molybdenum products. Mr. Paraskevas will take an active management role as executive director responsible for all business development and financial aspects of the Kingking project.

Mr. Russell is one of the original founders of St. Augustine, and has more than 20 years of experience in acquisition, financing and management of major mining projects, the most recent being the acquisition and IPO (initial public offering) of the Santa Cruz project under Ivanhoe Electric. Mr. Russell will take on the executive role of project director of the Kingking project. Mr. Russell leads Russell Mining Corp., a major shareholder of St. Augustine.

Mr. Manigsaca is a finance professional, holding several certifications including certified public accountant, certified management accountant, certified financial modeler and valuation analyst, certified capital markets and securities analyst, and certified global business analyst. He currently serves as the chief financial officer of TVI Pacific Inc., where he oversees strategic financial planning and corporate governance. Previously, he was the president of Greenstone Resources Corp., the mineral production sharing agreement holder for the Siana and Mapawa gold projects under the management of Red 5 Ltd.

Compensation for the new directors will be under consulting contract arrangements, providing a combination of cash, the right to participate in a private placement of shares and the grant of milestone options at a reduced price, subject to approval of the Toronto Stock Exchange and shareholders.

About St. Augustine Gold and Copper Ltd.

St. Augustine is a Toronto Stock Exchange-listed mining company focused on the development of the Kingking 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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