Mr. Frank Dumas reports

ST-GEORGES RELEASES OVER LIMIT RE-ASSAYS FOR NICKEL, COPPER, PLATINUM & PALLADIUM AT MANICOUAGAN CRITICAL MINERALS PROJECT

St-Georges Eco-Mining Corp. has released the remaining assay results for hole MN22-03 from the company's fall 2022 drill program on the Manicouagan critical and strategic minerals project.

Hole MN22-003 encountered visible semi-massive to massive zones of sulphide mineralization from near surface (5.6 metres of overburden, then bedrock) to a 15-metre depth. Due to the significant multiple overlimit assay thresholds in portions of the hole, MN22-003 was reassayed from eight metres to 14 metres on 0.25-to-0.75-metre intervals depending on the intensity of the mineralization and where overlimit thresholds of the lab occurred.

Assays are still pending for rhodium, osmium, ruthenium and iridium.

MN22-003 intersected 9.4 metres averaging 1.11 per cent nickel, 0.56 per cent copper, 0.035 per cent cobalt, 0.97 gram per tonne platinum, 1.54 g/t palladium, 0.023 g/t gold and 3,094 parts per million arsenic. This section was originally sampled on one-metre intervals with the exception of the first sample, which was collected on 1.4 metres.

The recent partial resampling results are as follows:

• Eight to 9.75 metres averaged 2.43 per cent nickel, 1.18 per cent copper, 0.07 per cent cobalt, 2.99 g/t platinum, 3.84 g/t palladium, 0.046 g/t gold and 4,671 ppm arsenic over 1.75 metres. Individual quarter metre samples assay up to 4.1 per cent copper, 3.36 per cent nickel, 0.09 per cent cobalt, 5.08 g/t platinum and 6.66 g/t palladium;
• 11.75 to 12.5 metres averaged 2.99 per cent nickel, 1.13 per cent copper, 0.06 per cent cobalt, 3.06 g/t platinum, 1.98 g/t palladium, 0.04 g/t gold and 2,525 ppm arsenic over 0.75 metre. Individual quarter metre samples assay up to 4.03 per cent nickel, 1.975 per cent copper, 0.081 per cent cobalt, 4.83 g/t platinum and 3.25 g/t palladium;
• 13.5 to 14.5 metres averaged 0.76 per cent nickel, 0.45 per cent copper, 0.02 per cent cobalt, 0.31 g/t platinum, 0.47 g/t palladium, 0.016 g/t gold and 900 ppm arsenic over one metre.

In a second zone, low-grade mineralization starts at 27 metres and continues to 35 metres. The relatively high magnesium content (average 14.5 per cent) suggests an ultramafic host rock. The eight-meter-thick zone averages 0.16 per cent nickel, 0.007 per cent copper, 0.009 per cent cobalt and 0.17 per cent chrome.

The above results are especially noteworthy not only for the significant grades in base and precious metals but also for the complementary values in arsenic. Arsenic is shown to be a coincident mineral with elevated nickel and PGE (platinum group element) values. Historical work has pointed to gersdorffite as the main nickel-arsenide mineral responsible for the elevated arsenic and PGE values. This metric helps to triangulate the company's focus both at surface and in drilling. Arsenic is dispersed over a larger area and may help identify holes that have been close to the high-grade mineralization but may have failed to intersect it.

This hole indicates that the mineralized horizon is at paleosurface and is covered by approximately five metres of glacial debris and alluvium. Further evaluation of the historical and recent drill results will be undertaken to follow up on the relationship of arsenic within and adjacent to the Bob, Tom, Carl, Sam and Dernière Chance zones.

Qualified person and quality assurance/quality control

George Yardonov, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical contents of this news release.

About St-Georges Eco-Mining Corp.

St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The company explores for nickel and PGEs on the Manicouagan and Julie projects on Quebec's North Shore and has multiple exploration projects in Iceland, including the Thor gold project. Headquartered in Montreal, St-Georges's stock is listed on the Canadian Securities Exchange under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and as SXOOF on the OTCQB Venture Market for early-stage and developing U.S. and international companies.

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