Mr. Nicolaos Paraskevas reports

ST. AUGUSTINE ANNOUNCES CLOSING OF PRIVATE PLACEMENT

St. Augustine Gold and Copper Ltd. has closed the previously announced private placement of $1,204,500 from the sale of 16.5 million units, with each unit comprising one common share and two warrants, with each warrant entitling the holder to subscribe for one additional common share at 11 cents for a period of five years, assuming a number of development milestones are met during that period.

Pursuant to the rules of the Toronto Stock Exchange, non-interested shareholders approved this private placement at a special shareholder meeting held on Sept. 12, 2025. The sole subscriber to this private placement was an entity controlled by Nicolaos Paraskevas, a director and officer of the company. As such, this transaction is a related party transaction under Multilateral Instrument 61-101. As the dollar value of the transaction is less than 25 per cent of the market capitalization of the company, the company relied on exemptions from the valuation requirements under that policy.

About St. Augustine Gold and Copper Ltd.

St. Augustine is a TSX-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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